Media Information: EMS Group Course of Business
– Sharp and short-term worsening of the global economy
– Successful new business with innovative specialties
– Increase in selling prices due to the increase in energy and raw material prices
– 2022 annual outlook unchanged
The EMS Group, with its companies grouped together in EMS-CHEMIE HOLDING AG and active worldwide in the business areas High performance polymers and Specialty chemicals, informed of the expected instability of the international market environment, from the start of the year. As factors of instability for 2022, the EMS identified unresolved conflicts between great powers, inflation with the evolution of monetary policies and other Corona policies in China.
As expected, Q1 2022 was characterized by positive consumer sentiment and generally high demand. In the 2nd quarter, however, the conflict in Ukraine caused great uncertainty among consumers and businesses in Europe. In addition, the massive increase in energy costs again led to a sharp rise in commodity prices. In China, strict containment measures have forced customers to suspend production for longer. Delivery issues are straining international supply chains and, as expected, the shortage of semiconductors in the automotive industry continues.
Thanks to far-sighted planning, EMS is always able to guarantee its own supply reliability, even in the current difficult environment. Significantly higher raw material and energy costs made corresponding sales price increases for customers inevitable. The planned innovative new business has been successfully carried out all over the world.
EMS expects the uncertain mood of consumers, which is currently heavily influenced by current events, to subside in the second half of the year.
Despite the currently unfavorable environment, EMS continues to expect net sales and net operating income (EBIT) for 2022 to be slightly higher than the prior year.
Full media information can be downloaded via the following link:
EMS-Chemie Holding SA published this content on June 07, 2022 and is solely responsible for the information contained therein. Distributed by Audienceunedited and unmodified, on Jun 07, 2022 03:51:02 UTC.