Cham Paper Group reported positive financial and economic performance for 1H2017. According to the announcement, in the first half-year, the gGroup expects to achieve an operating profit of CHF 9 to 10 million (prior year period CHF 5.2 million) at a slightly lower revenue level of around CHF 100 million (prior year period CHF 103.8 million).
The result is formed by an increasing concentration on the sale of specialty papers with higher margins amid efficiency enhancements at the company’s factories.
The Cham Paper Group expects to release details about the first half year on August 17, 2017.
Earlier Cham Paper Group approved the development of the Papieri site in Switzerland.
About Cham Paper Group:
The company is a leading manufacturer of coated speciality papers. Surface finishing lends papers properties that generate value added for its customers. It has three sites, one in Switzerland (Cham) and two in Italy (Carmignano and Condino), and a global sales network. The Cham Paper Group is listed on the SIX Swiss Exchange (CPGN).