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Annual Results 2008: Economic Crisis overclouds productivity
improvements within Cham Paper Group - stable business results for
Hammer Retex Group stable. |
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Corporate news announcement processed and transmitted by Hugin AS.
The issuer is solely responsible for the content of this
announcement.
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Industrieholding Cham was able in 2008 to achieve consolidated net
revenue from continuing operations of CHF 367.5 million (2007: CHF
393.4 million). This represents a decrease of 6.6% in Swiss Francs.
Whilst real estate business developed steadily, the economic crisis
had a negative impact on sales and profitability for the speciality
paper manufacturer Cham Paper Group. Operating profit (EBIT) from
continuing operations was, nonetheless, CHF 19.5 million (2007: CHF
22.4 million), thanks to improvements in efficiency and productivity.
Group net income from continuing operations, negatively impacted by
foreign exchange effects, was CHF 6.9 million (2007: CHF 16.2
million), corresponding to CHF 9.84 per share (2007: CHF 22.05 per
share).
You will find the complete Press Release in the attached PDF-File.
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Industrieholding Cham AG
P.O. Box Cham Switzerland
ISIN:
CH0001931853; Index: SPI, SSCI, SPIEX;
Listed: Main Market in SIX Swiss Exchange;
Copyright © Hugin AS 2009. All rights reserved.
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