CPH Group AG

CPHN

Equity

ISIN CH0001624714 / Valor 162471

SIX Swiss Exchange (2024-12-23)

CHF 74.00+1.65%

CPH Group AG
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About company

CPH Chemie + Papier Holding AG (CPH Group) is a diversified, internationally active industrial holding company that operates through independently marketed business divisions. These divisions, which include Chemistry, Paper, and Packaging, are among the top three providers in their respective sales markets. The company focuses on markets that allow for sustainable, profitable growth, leveraging technology leadership and innovative products to offer significant value to its customers and secure a leading position in its relevant market segments. The Chemistry and Packaging divisions pursue a differentiation strategy with a focus on innovation, global expansion, and continuous profitability improvements. In contrast, the Paper division, operating in a displacement market, aims for cost leadership in Switzerland and neighboring countries. CPH Group's strategic directions include expanding capacities outside Switzerland to reduce cost share in Swiss Francs, strengthening the Chemistry and Packaging divisions to counterbalance the Paper division, and growing in markets outside Europe.

Summarized from source with an LLMView SourceSector: Industrials

Net Sales Decline

In the first half of fiscal year 2024 (1HFY24), CPH Group AG reported net sales of CHF 176.9 million, marking a 6.9% decrease year-on-year (YoY). When adjusted for currency and acquisition impacts, the decline was 5.0%. This reduction in sales was primarily attributed to lower order volumes and a decrease in demand for certain products.

EBITDA and Margins

CPH Group AG's EBITDA for 1HFY24 amounted to CHF 30.2 million, reflecting a 9.6% decline YoY. The corresponding EBITDA margin dropped to 17.1%, down from 17.6% in the same period the previous year. This decline was influenced by lower sales volumes and increased transport costs.

Net After-Tax Result

The net after-tax result for CPH Group AG in 1HFY24 was CHF 21.1 million, compared to CHF 31.9 million reported in 1HFY23. This significant decrease was due to the overall reduction in sales and profitability, as well as the financial impacts of the company's recent restructuring activities.

Segmental Performance

The Chemistry division of CPH Group AG saw a 7.7% YoY increase in net sales to CHF 62.0 million, driven by strong demand for deuterated products and high-value molecular sieves. Conversely, the Packaging division experienced a 13.3% YoY decline in net sales to CHF 114.9 million, due to lower order volumes and reduced demand for dietary supplements.

Outlook for FY2024

Despite the challenges faced in 1HFY24, CPH Group AG remains optimistic about the future. The company expects to report an EBITDA in the mid-double-digit millions for the full fiscal year 2024. Management anticipates a positive net result for the year, bolstered by the strong potential for growth in the Chemistry and Packaging divisions.

Summarized from source with an LLMView Source

Key figures

20.8%1Y

66.7%3Y

31.0%5Y

Performance

21.3%1Y

21.9%3Y

25.7%5Y

Volatility