EMS-Chemie, headed by Magadalena Martullo-Blocher, saw its net profit rise 6.3%. Most of the dividends go to him and his sisters.
Christine Talos, with ats
The Ems-Chemie group has something to smile about this Friday. Indeed, the Grisons company, a specialist in the manufacture of polymers and in chemical specialties, saw its net profit increase by 6.3% over one year to 484 million francs, a first. In addition, the firm crossed, for the first time, the milestone of 2 billion francs in turnover. Revenues thus grew by 8.2% to 2.146 billion.
Consequence: the shareholders will be at the party: for the 6th time in a row. Dividends are increasing and an increase from 1 franc to 18 francs per share will be proposed at the next general meeting of the group. Something to delight especially Magdalena Martullo-Blocher, managing director of the group. She will in fact pocket 70% of this pretty jackpot with her sisters, since the company is more than two-thirds owned by the Blocher family.
So, notice Friday the Daily indicator, the daughter of former Federal Councilor Christoph Blocher and as well as Rahel Blocher and Miriam Baumann-Blocher will receive 293 million francs of the approximately 421 million that the shareholders will earn. This is 16 million more than last year. In 2017, they had indeed pocketed “only” 277 million.
97% of turnover abroad
EMS-Chemie generated almost all (96.8%) of its turnover abroad, with Europe’s share exceeding half (51.5%) of revenues. Asia’s was 27.3%, ahead of North America (15.8%).
Also rising to a record amount, operating profit before interest and taxes (EBIT) rose 6.3% to 582 million francs. The improvement in profitability illustrates the growth in sales of products with a high margin, a niche that EMS-Chemie is particularly targeting. At the same time, the company has managed to contain its charges.
The daughter of Christoph Blocher highlighted the significantly higher profitability of EMS-Chemie compared to that of other Swiss players in the automotive subcontracting, such as Autoneum or GF Automotive. The gross operating surplus (EBITDA) also followed an upward trend, expanding by 5.1% to 635 million francs.
The Bourse salutes
Investors have welcomed these record figures. Around 12:45 on the Swiss Stock Exchange, EMS-Chemie shares gained 1.76% to 637.50 francs. For its part, the enlarged Swiss Performance Index (SPI) of the Swiss market fell 0.44% to around 10,059 points.
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