CPH faces declining demand in core markets

摘要

Swiss CPH Chemie + Papier Holding AG faced de-clines in demand in its core markets in 2012 in two of its three Segments in Europe. It generated 61% of its revenues in these markets. CPH said that the decline in net sales from CHF520.9m to CHF488.7m was not market-related, but rather re-sulted from the sale of its fine chemistry business in 2011, which had contributed CHF39m to sales. In continued operations, net sales rose by 1.2% to CHF487.9m. "The further increases in the sales and eamings of the company's chemistry and packaging divisi-onsareveryencouraging, said Peter Schildknecht, CEO of the CPH Group. He attributed this to the continuation of its efficiency enhancement pro-grammes and our focus on higher-margin pro-ducts.