EMS-CHEMIE (EMSN) Q1 2026 earnings summary

Executive summary

• Sales volumes and operating income (EBIT) increased year-over-year, with improved profitability despite a challenging geopolitical environment and a strong Swiss Franc dampening net sales growth.

• Strong demand for energy and cost-saving system solutions, with successful new business and innovation driving results.

• No business relationships in the Middle East; global uncertainty and higher input costs are being managed through price increases.

Financial highlights

• Net sales for Q1 2026 were CHF 487 million, down 6.6% year-over-year due to currency effects.

• Operating income (EBIT) and sales volumes rose above the previous year, with margins considerably improved.

Outlook and guidance

• Net sales for 2026 expected to remain below the previous year due to currency effects.

• Net operating income (EBIT) is projected to be slightly above the previous year.

• Geopolitical risks, trade conflicts, and higher energy/raw material costs expected to persist, impacting global supply chains and economic sentiment.