Report
Alexandre Müller

CPH: The fruits of execution are coming through

2017: Revenue growth across segments

Internationalization and cost efficiencies, the key to growth

Chemistry and Packaging divisions to offset Paper underperformance

Valuation: outperformed the benchmark by a wide margin

Underlying
CPH Chemie + Papier Holding AG

CPH Chemie Papier Holding AG is a Switzerland-based company that develops, produces and distributes chemicals, papers and packaging films. It divides its activities into three divisions: Chemistry, Paper and Packaging. The Chemistry division is divided into fine chemistry, silicate chemistry and others. Fine chemistry product group focuses on production of organic chemicals for the pharmaceuticals industry. The silicate chemistry product group acts as a supplier of molecular sieves (zeolites) and silica gels for industrial applications. The Paper division focuses on production of newsprint primarily using raw materials and is divided into newsprint and magazine paper product groups. The packaging division provides full range of packaging products from PVC (polyvinyl chloride) monofilms to laminated high-barrier films that are primarily used in the manufacture of blister packs for medicinal products. Its major shareholder is UBV Uetikon Betriebs- & Verwaltungs AG with a stake of 49.9%.

Provider
Research Dynamics
Research Dynamics

Research Dynamics offers independent research with a focus on publicly-listed small- and mid-cap companies in Switzerland. Its global research team is comprised of experienced analysts based in our office in Zurich, and a team of around 30 highly qualified financial analysts and market researchers in India.

In addition, our research services include fundamental analyses, audits as well as media and social media monitoring, all delivered in a timely manner. Fundamental research is focused on valuation, financial modelling, company, market and peer group analyses. 

Analysts
Alexandre Müller

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