On July 10, 2020 the EMS Group published its provisional half-year report 2020. The definitive consolidated half-year report is now available, based on the individual financial statements of the affiliated companies as of June 30, 2020. The definitive half-year report does not deviate significant from the provisional report. The EMS Group achieved consolidated net sales amounting to CHF 845 million (CHF 1154 million). National COVID-19 measures had an extremely strong impact on the global economy. Shops remained closed for several weeks and demand for industrial goods ground practically to a standstill. The global automotive industry was also strongly affected. In the meantime, with a few exceptions, the automotive plants have all restarted production. Thanks to a strong position with specialty products and due to early measures, the EMS Group was able to achieve a net operating income (EBIT) of CHF 227 million (CHF 316 million) and an EBIT margin of 26.8 % (27.4 %) which is nearly that of the previous year. An operational cash flow (EBITDA) of CHF 254 million (CHF 345 million) was generated and the EBITDA margin rose slightly to 30.0 % (29.9 %). Net financial income amounted to CHF -2 million (-1). Net income for the first half of 2020 reached CHF 192 million (CHF 266 million). Net liquidity increased by 24 % to reach CHF 863 million (CHF 696 million). Equity increased to CHF 1837 million (31.12.2019: CHF 1663 million). Equity ratio was 79.1 % (31.12.2019: 75.1 %).
As the net sales and income results of the individual business areas do not deviate to any significant degree from the information provided in the provisional half-year report dated July 10, 2020, we refer to the comments given therein. The detailed half-year report is available at http://www.ems-group.com/business-fiancial-reports.