Manmade Fibers Segment on track despite pandemic
Sales declined by 22.8% in Q2/2020, mainly due to the extraordinarily high sales volume in Q2/2019. At constant exchange rates, sales declined by 17.7% to CHF 264 million. Sales in China were stable in Q2/2020 year-over-year, affirming the recovery in China from the shutdowns in Q1/2020. EBIT was CHF 30 million or 12.1% of sales (Q2/2019: CHF 51 million; 15.7%).
The nonwovens market is anticipated to continue developing positively, as many countries strive to become more strategically autonomous for items deemed critical.