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Home  > Markets & companies  > Coatings market  > Semi-annual accounts 2013: Looser Holding’...

Tuesday, 02 June 2020
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Markets & companies, Coatings market

Semi-annual accounts 2013: Looser Holding’s results close to prior year level

Tuesday, 20 August 2013

Looser Holding AG, headquartered in Arbon (Switzerland), generated consolidated net revenues of CHF 235.8 million (CHF 1 = EUR 0.81) in the first half-year of 2013. Revenues declined slightly by 0.3 % against the prior year period and by 1.3 % after currency adjustments. The operating result (EBITDA), at CHF 28.2 million, also decreased slightly against the previous year (prior year: CHF 28.6 million). The EBITDA margin was 11.9 % compared to 12.1 % in the prior year. In the first six months, the Looser Group generated consolidated net income of CHF 11.2 million (prior year: CHF 11.9 million). With an equity ratio of 43.4 %, the balance sheet structure continued to be sound.
In the first half-year, the development of revenues in the four Looser business segments varied.

Among the four business fields of Looser Holding, the coatings unit has shown a quite satisfactory performance. Source: Looser Holding

Among the four business fields of Looser Holding, the coatings unit has shown a quite satisfactory performance. Source: Looser Holding

Coatings: growth moments and increased operational profitability

In the Coatings segment, net revenues rose by 2.6 % against the prior year to CHF 101.2 million. After adjustments for currency effects, the growth rate was 1.8 %. Measures initiated in 2012 to increase productivity and within the framework of the strategic procurement project had first positive effects. At CHF 10.7 million, EBITDA increased markedly against the previous year (prior year: CHF 8.9 million). Revenues in the area of packaging coatings and non-stick coatings grew over the prior year period. In the area of wood coatings, revenues remained at 2012 level while those generated from industrial coatings dropped from the previous year period.

In the second half-year, the economic environment in the Coatings segment is expected to remain challenging. While a positive trend may be anticipated in the areas of non-stick coatings, packaging coatings and wood coatings, due to moderate investments in plant and machine construction, no major recovery is to be expected yet in the area of industrial coatings. In spite of the challenging economic and market environment, Looser management maintains its prognosis for the full financial year and still anticipates a rise in revenues and earnings.

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