EQS-Adhoc: Cham Paper Group Holding AG: Publication of preliminary key figures
EQS Group-Ad-hoc: Cham Paper Group Holding AG / Key word(s):
Preliminary Results
Cham Paper Group Holding AG: Publication of preliminary key figures
14.07.2015 / 07:00
Release of an ad hoc announcement pursuant to Art. 53 KR.
The issuer is solely responsible for the content of this announcement.
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Cham, 14 July 2015
Cham Paper Group publishes preliminary key figures
Challenging first half-year 2015
As expected and communicated, the paper sector of Cham Paper Group faced a
challenging first half year 2015. Investments made to increase the
capacities of the paper machines in Carmignano at the beginning of the year
and the transition of the coating activities from Cham to Italy during the
second quarter caused temporary capacity constraints and production
inefficiencies. In addition, the massive strengthening of the US dollar
against the Euro resulted in significantly higher pulp prices that could
not immediately be passed on to customers through price increases. In the
real estate sector, preparations for the transformation of the industrial
area into a new urban quarter went according to plan. On the basis of
preliminary results, the Group achieved during the first half-year total
revenues of CHF 100 million, 13% below the previous year's period. In local
currencies, however, revenues have been on the level of the prior year. The
operating result before restructuring charges is expected in the range of
CHF 1 - 2 million, the net result should be even.
Cham Paper Group will publish the full half-year report on 20 August 2015.
For further information please contact
Media and IR office Cham Paper Group Holding AG
c/o Dynamics Group
Edwin van der Geest
E-Mail media@cham-group.com and/or investor@cham-group.com
Phone +41 43 268 32 32 / +41 79 330 55 22
Securities no. / ISIN / ticker symbol: registered shares of Cham Paper
Group Holding AG 193 185 / CH0001931853 / CPGN
Cham Paper Group
The Cham Paper Group is a leading manufacturer of coated speciality
papers. Its papers have surface coatings that give them functionalities
that offer added value for customers. The company was founded in 1657 and
has three sites, one in Switzerland (Cham) and two in Italy (Carmignano and
Condino), as well as operating a global distribution network.
The decision to focus on development and distribution activities and to
withdraw from paper production in Switzerland has created new space at the
factory site in the centre of Cham. The Cham Paper Group is developing an
11-hectare area there, the Papieri-Areal.
The Cham Paper Group (stock exchange symbol: CPGN) is listed on
Switzerland's SIX Swiss Exchange.
End of ad hoc announcement
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Additional features:
Document: http://n.equitystory.com/c/fncls.ssp?u=HVFNHHBHDR
Document title: Publication of preliminary key figures
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14.07.2015 News transmitted by EQS Schweiz AG. www.eqs.com - news
archive: http://switzerland.eqs.com/de/News
The issuer is responsible for the contents of the release.
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Language: English
Company: Cham Paper Group Holding AG
Fabrikstrasse
6330 Cham
Switzerland
Phone: +41 41 785 33 33
Fax: +41 41 785 31 50
E-mail: mail.cham@cham-group.com
Internet: www.cham-group.com
ISIN: CH0001931853
Valor: -
Listed: Foreign Exchange(s) SIX
End of News EQS Group News-Service
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377717 14.07.2015
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