97.7 FM

Research Dynamics- Report on CPH: FY2022 earnings update

Retrieved on: 
Monday, February 27, 2023
CHF, CAPEX, EBITDA, CPH, Lithium, Research, DCF, Pressure, Growth, 97.7 FM, Yoy, IMF, EV, COVID-19, Fine chemical, EBIT, Chemistry

Research Dynamics- Report on CPH: FY2022 earnings update

Key Points: 
  • Research Dynamics- Report on CPH: FY2022 earnings update
    This report is published by Research Dynamics, an independent research boutique
    In FY2022, CPH’s net sales increased 46.0% YoY to CHF 725.4mn, driven by growth in all three divisions led by strong demand and higher selling prices, despite the adverse impacts of COVID-19 related lockdowns in China and challenges in raw material procurement.
  • During the year, the company’s Paper and Packaging divisions reversed their margin declines of the prior-year period.
  • The net result of the company attributable to common shareholders improved to CHF 101.0mn (FY2021: loss of CHF 1.4mn before impairment).
  • Management expects FY2023 sales to be higher than in FY2022 and an EBIT in the mid-to-higher double-digit millions.

Research Dynamics - Report on CPHN: Event Update

Retrieved on: 
Sunday, November 27, 2022
Growth, 97.7 FM, Perlen-Reihe, Chemistry, 98.6, EV, CPH, EBIT, Research, Electricity, DCF, Water, CHF, Risk management, Fine chemical

Research Dynamics - Report on CPHN: Event Update

Key Points: 
  • Research Dynamics - Report on CPHN: Event Update
    This report is published by Research Dynamics, an independent research boutique
    CPH Group yet again lifted the FY2022 guidance on continued strength in volumes and realization, which was led by strong demand and in part resulted from an increase in the price of raw materials.
  • The upward revision in guidance is led by the Paper Division, which is projected to report highest sales growth taking revenue close to ~CHF 400 million for the year.
  • The division is also expected to report annual EBIT in the high double-digit millions.
  • The net group result for the year is projected to reach around CHF 100 million, barring any unforeseen new variables.

Research Dynamics, Report on CPHN: Investor Day Update

Retrieved on: 
Friday, September 16, 2022
Group, DCF, CO2, Methanol, OLED, 97.7 FM, Efficiency, Solvent, IMF, DMSO, CHF, Dimethyl sulfoxide, Research, Zeolite, EBIT, Growth, Ethanol, Industry, COVID, API, Investment, Yoy, Transport, Uetikon am See, EV, CPH, Health care, Motor vehicle, Natural gas, Coal, Mobility, CAGR, Fine chemical, Chemistry, Health

This report is published by Research Dynamics, an independent research boutique

Key Points: 
  • This report is published by Research Dynamics, an independent research boutique
    CPH hosted its investor day on 13 September 2022 where CPH highlighted its continued focus on implementing differentiation strategies in its Chemistry and Packaging division, while pursuing the cost leadership strategy in the Paper division to mitigate an unfavourable operating environment.
  • The closure of the Uetikon site has also reduced dependence on the Swiss franc in currency terms.
  • The global economy is expected to recover only gradually, with the IMF slashing 2022e and 2023e forecast to 3.6%.
  • In the short term, we thus believe ongoing inflationary headwinds and prospects of a slowdown may weigh on the companys prospects.

Research Dynamics: Report on CPH: HY2022 earnings update

Retrieved on: 
Tuesday, July 26, 2022
Group, Lithium, Sale, PVC, DCF, Industry, Research, 97.7 FM, EV, COVID-19, CPH, EBITDA, Transport, Coronavirus, IMF, Pressure, Depreciation, Growth, Yoy, CHF, Fine chemical, Chemical, Chemistry, EBIT

The net result of the company attributable to common shareholders improved to CHF 47.5mn (1H2021: CHF 5.9mn).

Key Points: 
  • The net result of the company attributable to common shareholders improved to CHF 47.5mn (1H2021: CHF 5.9mn).
  • During 1H2022, there was a slight increase in demand for newsprint, whereas the demand for magazine paper declined in Western Europe.
  • The paper production was hampered due to permanent capacity closures and a long strike at one of the Paper Divisions competitors.
  • With the lithium product manufacturing capacity in the USA coming into operation, the company expects to report double-digit net sales growth in FY2022.