EMS Chemie H1 operating income rises on cost discipline
EMS Chemie H1 operating income rises on cost discipline July 10 (Reuters) - Swiss nylon maker EMS Chemie EMSN.S reported a rise in first-half operating income on Friday, citing strong performance in specialty chemicals and cost discipline.
The group's earnings provide an early read-through for larger European chemical groups reporting later this month. The sector has been hit by weak demand, overcapacity and elevated energy costs, even as it received support from improving sentiment and relief from supply disruptions linked to the Middle East war.
Here are more details from the company:
H1 EBIT grew 4.7% to 310 million Swiss francs ($385 million) from 296 million francs in 2025
EMS said H1 sales volumes grew, but sales edged down to 1.01 billion Swiss francs from 1.02 billion francs a year earlier due to currency effects
2026 net sales outlook slightly raised: EMS now expects net sales slightly below the previous year due to currency effects
2026 EBIT outlook confirmed: expected to be unchanged or slightly above previous year
EMS says higher raw material costs were compensated by price hikes
The company says its cost-saving metal-replacement and energy-efficient applications are particularly in high demand
($1 = 0.8044 Swiss francs)
(Reporting by Bartosz Dabrowski; Editing by Harikrishnan nair)
((bartosz.dabrowski@thomsonreuters.com; +48 58 7696560;))
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