Execution on track despite macroeconomic challenges
– Healthy 1H2019 results, with all time high EBIT margins
– Full-year guidance maintained
– Refinancing to reduce financial burden
– Valuation and conclusion
Execution on track despite macroeconomic challenges
– Healthy 1H2019 results, with all time high EBIT margins
– Full-year guidance maintained
– Refinancing to reduce financial burden
– Valuation and conclusion
Diversification: Key to profitable growth
– Chemistry division: Innovation and integration
– Valuation
CPH marks bicentenary with record results
– 2018: Record operating performance across segments
– Integration coupled with cost efficiencies, the key to growth
– Valuation: outperformed the benchmark by a wide margin
Growth momentum continues
-FY2018 guidance is in line with our estimates
-Public bond issue increased to CHF 100mn from CHF 85mn
-Valuation and conclusion
On the road to a diversified industrial group
-Packaging division: Multiple growth levers
-Product innovation
-Diversification into growth markets
-Refinancing of CHF 85 mn via bond issue
-Valuation and conclusion
Profitability soared on turnaround in the Paper division and strong results in Packaging
-Robust 1H2018 results, with top line growing in double digits
-Increase of full-year guidance
-Valuation and conclusion
The fruits of execution are coming through
– 2017: Revenue growth across segments
– Internationalization and cost efficiencies, the key to growth
– Chemistry and Packaging divisions to offset Paper underperformance
– Valuation: outperformed the benchmark by a wide margin
CPH strengthens its Packaging Division with Sekoya acquisition
– Sekoya Indústria e Comércio Ltda. will be integrated in CPH’s Packaging Division
– Valuation and conclusion
CPH strengthens its chemicals’ position
– Armar AG will be integrated in CPH’s Chemistry Division
– Valuation and conclusion
Execution on track, but higher recycling paper prices erode margins
– Strong 1H 2017 sales, with top line growth in all divisions
– Segmental performance
– Guidance
– Zeochem merges its Swiss-based companies
– CPH Group’s Packaging and Chemistry division sharpens brand profile
– Paper Division to acquire Papierfabrik Utzenstorf AG’s paper recycling business
– Valuation and conclusion