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
On the road to profitable growth
– 2016: moderate revenue growth with positive EBIT
– Efforts should start yielding results
– An encouraging year ahead
– Valuation: market is yet to price in the operational improvements
Site for new European manufacturing unit acquired
– Land acquisition to diversify manufacturing base
– Sale of Uetikon facility
– In line with the Chemistry segment’s strategy
– Valuation and conclusion
On road to recovery
Sale of Uetikon site to Canton of Zurich
– Successful conclusion of lengthy negotiations
– Implications for CPH’s Chemistry division
– Strategically sensible move
– Valuation
Currency hits 2015 results, recovery seen in 2016
– 2015: Volumes increase, but strong currency depresses earnings
– Strategically important 2016: Entry into China market
– Performance likely to improve
– Valuation
Currency headwind shadows growth
