The DKSH Group continues its growth course, reporting new record results in Swiss Francs for the first half of 2011. In that period, Net Sales reached the CHF 3.6 billion mark, and EBIT rose by 21.4 percent to CHF 103 million.
ZURICH, Aug. 2, 2011 /PRNewswire-Asia/ -- DKSH, the leading Market Expansion Services provider with a focus on Asia, remains on its record-breaking course, reporting outstanding results for the first six months of 2011, thereby continuing its strong and consistent growth of recent years. In 2010, the Group achieved its most successful business year since its founding nearly 150 years ago. In the first half-year of 2011, Transaction Value rose by 6.3 percent compared to the previous year to CHF 4.9 billion. Net Sales, that is sales on own account, increased by 2.3 percent to CHF 3.6 billion. Operating profit (EBIT) grew impressively by 21.4 percent to a new half-year record of CHF 103 million. Profit After Tax rose by 27.3 percent to CHF 65 million.
The Asia markets where the DKSH Group primarily operates continue to record steady and robust economic growth. As the leader in Market Expansion Services with a focus on Asia, DKSH was able to benefit from the strong economic performance of this region. Our remarkable financial results are also attributed to our operational efficiency and dominant market position in Asia, through which we can leverage economies of scale and generate unparalleled growth in profits. All four Business Units developed positively and contributed to the best ever half-year results.
This performance is all the more remarkable given that they were achieved against the backdrop of the recent catastrophes in Japan, a key market of DKSH. "Despite the challenging economic environment, our Japan operations have achieved outstanding results so far this year. That in itself again demonstrates the resilience of the DKSH business model," commented Joerg Wolle, President & CEO of DKSH Holding.
Dr. Wolle further explained: "The positive development and growth of our businesses is the result of the thorough implementation of our strategy for growth. Thanks to our comprehensive, integrated services portfolio along the entire value chain, tailored to our clients' specific needs, and our blanket coverage across Asia, we have succeeded in further expanding our business and increasing our market share."
In the first six months of 2011, the focus has been on organic growth, in particular expanding relationships with existing business partners and winning new clients and customers. Complementing these initiatives, DKSH has also made a number of strategic bolt-on acquisitions to strengthen existing markets and Business Units. Following the takeover of Chiao Tai Logistics, the leading consumer goods logistics company in Taiwan last year, DKSH recently made a further acquisition in the consumer goods industry in Taiwan. With 3D Asia, a company specializing in field marketing, DKSH has broadened its Market Expansion Services portfolio for existing and potential clients in the geographic triangle of Hong Kong, South China, and Taiwan. At the beginning of July 2011, DKSH took a controlling interest in Swiss watchmaker Maurice Lacroix, and established a joint venture company with Zino Davidoff for the marketing, sales, and distribution of Davidoff's luxury goods in Asia.
Commenting on the outlook for the remainder of 2011, Joerg Wolle said: "We are benefiting from two core economic megatrends. On the one hand, Asia is considered to be the growth market per se, representing a promising region in which to expand for many companies. On the other hand, companies intending to expand in Asia are increasingly choosing to focus on their core competencies, and selecting to rely on Market Expansion specialists like DKSH. Demand for such outsourcing services is growing steadily. As the leading Market Expansion Services provider in Asia, we are ideally positioned to benefit from these trends."
About DKSH Group
DKSH is the leading Market Expansion Services Group with a focus on Asia. As the term "Market Expansion Services" suggests, DKSH helps other companies and brands to grow their business in new or existing markets.
With 610 business locations in 35 countries - 590 of them in Asia - and over 23,000 specialized staff, it is one of the top 20 Swiss companies ranked by sales and employees. In 2010, DKSH generated a Transaction Value of around CHF 10 billion.
The company offers any combination of sourcing, marketing, sales, distribution, and after-sales services. It provides business partners with expertise as well as on-the-ground logistics based on a comprehensive network of unique size and depth. Business activities are organized into four specialized Business Units that mirror DKSH fields of expertise: Consumer Goods, Healthcare, Performance Materials, and Technology.
Although DKSH is a Swiss company with headquarters in Zurich, it is deeply rooted in communities all across Asia Pacific. This is because the company looks back on a nearly 150-year-long tradition of doing business in and with the region.
For further details, please contact:
DKSH Holding AG
Leng Stricker-Wong
Communications Manager
Wiesenstrasse 8
8034 Zurich
leng.stricker@dksh.com
Phone: +41-44-386-7254
Fax: +41-44-386-7654
