The EMS Group, operating globally in High Performance Polymers and Specialty Chemicals through its companies under EMS-CHEMIE HOLDING AG, reported net sales of CHF 1,589 million for the first nine months of 2024, compared to CHF 1,697 million in the same period last year. In the third quarter, a strong Swiss Franc continued to challenge net sales growth in Swiss Francs. However, the global sales expansion launched in 2023 yielded excellent results, bringing in profitable new business. As a result, net operating income (EBIT), which had already surpassed the previous year’s figures in the first half, saw a significant increase in the third quarter.
As anticipated, the global economic outlook remained sluggish, with weak consumer sentiment, especially in major markets like Europe and China. Ongoing armed conflicts and geopolitical trade issues are dampening consumer confidence and creating uncertainty for businesses and individuals. Inflation-driven higher prices are further eroding purchasing power. Germany, the leading industrial economy in Europe, remains in recession with no signs of recovery in the manufacturing sector. In China, the real estate market is undergoing adjustments amid a persistent lack of confidence. These uncertain times have bolstered the Swiss Franc’s status as a “safe haven” currency.
Amid this challenging market environment, EMS has consistently focused on increasing market share through innovative specialty products. Planned new business initiatives were executed successfully, leading to an increase in sales volumes and net operating income compared to the previous year.
In response to the overall market trend, EMS had already committed in 2023 to significantly expanding its sales and development activities across Asia, America, and Europe. The subsequent surge in development projects and new business opportunities has further motivated EMS to intensify its organizational expansion. With a strong emphasis on innovation and customer-focused development, EMS is meeting the growing demand for advanced system solutions that offer cost and energy savings, reduce CO2 emissions, and support new technologies in the automotive and healthcare industries. The successful new business initiatives have led to a notable improvement in the EBIT margin.
