CPH announced earnings results for the first half of 2018. For the first half, net profit at CHF 22.6 million against a net loss of CHF 2.2 million a year ago, CPH continues to enjoy positive momentum in the second half of the year. According to the company, third quarter of 2018 operating profit improved further with revenue growing at a similar pace as during first half of 2018. Sales benefited from steady paper prices, but currency headwinds negatively impacted the top line.

For the year, the group expects to deliver net sales growth for the full year 2018, with the growth rate being only slightly below that achieved in first half of 2018. The EBIT margin guidance is for the range of 9-11% and net profit is guided to more than double for full year 2018 compared to 2017 levels (excluding any extraordinary items).