EQS-Adhoc
Cham Paper Group Holding AG: Full year 2016 - Progress in all areas
EQS Group-Ad-hoc: Cham Paper Group Holding AG / Key word(s): Final Results
Cham, March, 27, 2017 |
- Net revenue up by 2.1% to CHF 198.4 million
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- Profitability boosted by efficiency improvements in production and a return to normal raw material prices
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- EBIT margin within the target range at 5.3%
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- Local residents in Cham give clear backing to development at the Papieri site
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- Net profit for the year of CHF 8.6 million and payment of a dividend of CHF 4.00 per share
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The Cham Paper Group enjoyed a largely pleasing financial year in 2016. The Group has returned to growth following a lengthy and challenging period of transformation for the paper division,
achieving EBIT at the lower end of its target margin range for the first time. The paper division benefited from efficiency improvements in production and from a return to normal raw material
prices in what was a slightly weaker market environment. The clear backing from voters in Cham to the redevelopment of the Papieri site proved key to activities in the real estate division. A
planning process that had lasted over four years was thus brought to a successful conclusion, paving the way for the creation of the town's new quarter.
The Cham Paper Group increased revenue by 2.1% to CHF 198.4 million in 2016 (previous year: CHF 194.3 million), achieving growth for the first time in five years. Even more pleasing were the 46%
increase in gross profit, which rose from CHF 18.1 million to CHF 26.3 million, and the marked rise in operating profit (EBIT) to CHF 10.5 million (previous year: CHF 2.4 million). The Group
generated a net profit for the year of CHF 8.6 million (previous year: CHF 0.5 million).