
Sales from continuing operations rose 8% in local currencies. Sales increased 4% to CHF1.51bn from CHF1.44bn yr-on-yr. Strong volume growth and higher sales prices overcompensated a still unfavourable currency effect.
EBITDA before exceptional items up 8%, margin at 14.0% compared to 14.1%. Net result from continuing operations at CHF58M compared to CHF129M, due to higher taxes and a favourable one-time item in 2013.