Brief: EMS Expects 2023 EBIT, Net Sales To Be Below Previous Year

Ems Chemie Holding AG

31/10/2023 07:23

Oct 31 (Reuters) - EMS CHEMIE HOLDING AG  EMSN.S :
    * SAID ON TUESDAY: IT CONTINUES TO EXPECT NET SALES AND
OPERATING
INCOME (EBIT) IN 2023 TO BE BELOW PREVIOUS YEAR
    * ACHIEVED NET SALES OF CHF 1.70 BLN IN THE FIRST NINE
MONTHS OF
2023, DOWN 9.3 PERCENT FROM PREVIOUS YEAR
    * THE SIGNIFICANT SLOWING OF MARKET DEMAND IS HAVING A
PARTICULARLY PRONOUNCED EFFECT ON SPECIALTY CHEMICALS BUSINESS
AREA
    * WILL CONTINUE WITHOUT CHANGE TO FOLLOW THE STRATEGY OF
CONCENTRATION ON SPECIALTIES IN THE MAIN AREA OF HIGH
PERFORMANCE POLYMERS

        
 Source text for Eikon:  urn:newsml:reuters.com:*:nNDLbntmdn
 Further company coverage:  EMSN.S  

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