CPH Chemie + Papier: The Group raises its profit forecast for the 2022 financial year

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CPH Chemistry + Paper Holding SA

Pearl ring 1

CH-6035 Perlen / Switzerland

Telephone +41 41 455 8000

www.cph.ch / Symbol CPHN

Ad hoc announcement pursuant to Art. 53LR

CPH Group raises its profit forecast for the 2022 financial year

Given high order volumes and higher sales prices, the CPH Group expects to post an EBIT of around CHF 50 million for the first half of 2022 and has also raised its profit forecast for the entire business. ‘exercise.

Perlen, June 13, 2022 – The CPH Group has been able to largely pass on the increase in the costs of its raw materials to its various markets in all business segments. As a result, net sales increased in all three business divisions and the group expects to report total net sales of around CHF 360 million in its results for the first half of 2022.

The strongest net sales growth was recorded in the Paper division, which is experiencing a combination of strong product demand and more limited supply. Contributing factors include a months-long strike at one of Perlen Papier’s competitors and a reduction in European papermaking capacity: a competitor announced the sale of four of its five paper mills Europeans. After its negative result of the previous year, the Paper division is expected to post an EBIT of more than 30 million francs for the first half of 2022. The improvement is partly due to lower amortization requirements following the depreciation of assets of the division at the end of 2021. The Packaging Division also improved its EBIT compared to the previous year and is on track to record a double-digit EBIT result in millions for the first half of 2022. And as the Chemicals division also reports favorable business trends, the group’s EBIT for the period should amount to approximately 50 million francs. Excluding extraordinary factors that could still arise, the group’s net income in the first half should be of similar dimensions.

“For the remainder of this business year, however, visibility is significantly limited,” says CPH Group CEO Peter Schildknecht. “The evolution of the Ukrainian conflict, China’s response to the pandemic, prices and availability of key raw materials, transportation capacities and therefore future global economic trends are almost impossible to predict. But if the general environment should not deteriorate, we expect to achieve EBIT and net income for 2022 that are both in the double-digit millions.”

CPH’s detailed results for the first half of 2022 will be published on July 21, 2022.

Ad Hoc 2022 Earnings Guidance Announcement of June 13, 2022

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Contacts CPH Chemie + Paper Holding AG

Dr. Peter Schildknecht, CEO, +41 41 455 8757

Christian Weber, Corporate Communications Manager, +41 41 455 8751, [email protected]

About CPH

CPH is an active and diversified international industrial group headquartered in Switzerland. The CPH Group develops, manufactures and distributes chemicals, wood-based papers and pharmaceutical packaging films. The Group has production sites in Switzerland, Germany, Bosnia and Herzegovina, the United States, Brazil and China. The shares of its holding company CPH Chemie + Papier Holding AG are listed on the SIX Swiss Exchange (ticker: CPHN).

This press release contains forward-looking statements about CPH Group that are subject to risks and uncertainties. These statements reflect the opinions of management at the time the press release was compiled, but actual future events may differ.

Ad Hoc 2022 Earnings Guidance Announcement of June 13, 2022

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Disclaimer

CPH Chemistry + Paper Holding SA published this content on June 13, 2022 and is solely responsible for the information contained therein. Distributed by Audienceunedited and unmodified, on Jun 13, 2022 04:52:05 UTC.

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