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.