Siegfried Holding AG announced earnings results for the first half year 2016. For the period, the company reported sales for of CHF 353.6 million, representing a growth of 76.2%. Earnings before interest, taxes, depreciation and amortization (EBITDA) was CHF 47.8 million before integration costs exceeded the previous years result of CHF 34.6 million by 38.1%. After integration costs, EBITDA grew to CHF 43.7 million, representing an increase of 26.2%. Net profit was CHF 14.0 million (CHF 16.7 million before special effects) against CHF 16.0 million a year ago.

The company reaffirmed earnings guidance for the full year 2016. For the year, as announced earlier, the company expects to report EBITDA of CHF 100 million before integration costs for the full 2016 financial year, particularly as the acquired BASF business in the past years reported an earnings surplus in the second half of the year. The company expects to report sales of over CHF 700 million. As anticipated, the operating result reflects the high expenses for the integration of the new sites. However, corresponding synergies are already noticeable and will show positive effects in the short to medium term.