EQS-Adhoc: Encouraging business development
Cham, 4 July 2017Encouraging business development
Business activities of the Cham Paper Group are developing favorably in 2017. The paper division is benefiting from the excellent reputation of its products in the market, where the sales department is increasingly concentrating on the sale of specialty papers which carry higher margins. At the same time, efficiency enhancements at the factories are leading to higher profitability. For the first half-year, the Group expects to achieve an operating profit of CHF 9 to 10 million (prior year period CHF 5.2 million) at a slightly lower revenue level of around CHF 100 million (prior year period CHF 103.8 million). The still small real estate division (www.papieri-cham.ch) is developing according to plan. Here, planning activities for the first construction phase are of primary importance.
The Cham Paper Group will release details about the first half year on 17 August 2017.
For information, please contact Media and IR office Cham Paper Group Holding AG Edwin van der Geest E-Mail: firstname.lastname@example.org or email@example.com Phone +41 43 268 32 32 / +41 79 330 55 22 Valor / ISIN / Ticker: registered shares Cham Paper Group Holding AG 193 185 / CH0001931853 / CPGN
Cham Paper Group The Cham Paper Group is a leading manufacturer of coated speciality papers. Surface finishing lends papers properties that generate value added for its customers. The company, which was founded in 1657, has three sites, one in Switzerland (Cham) and two in Italy (Carmignano and Condino), and a global sales network. The decision to focus on development and sales and discontinue paper manufacturing in Switzerland has made way for a new project on the factory site in the centre of Cham. The Cham Paper Group is developing an eleven-hectare quarter there called the Papieri site. The Cham Paper Group (stock exchange symbol: CPGN) is listed on Switzerland's SIX Swiss Exchange.Disclaimer This communication may contain statements about the future that use words such as, for example, "believe", "assume", "expect" and other similar expressions. Such statements about the future are subject to risks, uncertainties, and other factors, which can cause the true results of the company to differ significantly from that which is expressly or implicitly assumed in these statements. In view of these uncertainties, the reader should not depend on this type of statement about the future. The company gives no undertaking whatever to update such statements regarding the future, or to adapt them to future events or developments.This press release is issued in English and German. The German version is binding.
Additional features:Document: http://n.eqs.com/c/fncls.ssp?u=FOOSFGDEUBDocument title: CPGN_En_04.07.2017End of ad hoc announcement 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: firstname.lastname@example.org Internet: www.cham-group.com ISIN: CH0001931853 Valor: - Listed: SIX Swiss Exchange End of Announcement EQS Group News Service
589251 04-Jul-2017 CET/CEST