Successful year for the CHT Group
The CHT Group closed fiscal year 2022 with an increase in sales, following the trend in the chemical industry. Group sales at the end of 2022 were 12 % higher than the previous year at EUR 702 million. This is mainly due to inflation-related price increases to compensate for the rise in raw material prices. In addition, exchange rate changes also have an impact on sales due to the international nature of the CHT Group.
Turnover by region
Sales in the largest sales region EMEA (50 % of total sales) increased by 9 % year-on-year in 2022. Following the outbreak of the war in Ukraine, the CHT Group has severed all supply relationships with Russia and Belarus until further notice, which had an impact on sales development in EMEA.
The AMERICAS region (30 % of total sales) saw the largest growth in 2022, with sales up 36 %. In contrast, the APAC region which declined by 6 % year-on-year in 2022.
Turnover by Business Field (BF)
Business Field Textile, the strongest in terms of sales, achieved the lowest sales growth in percentage terms, with an increase of 3 % compared to the previous year.
Business Field General Industries outperformed the previous year with very strong sales growth of 37 %.
Business Field Construction & Assembly again achieved growth in 2022, with sales up 7 % on the previous year.
Sales in Business Field Washing Solutions also increased significantly by 35 % due to increased demand following the Corona pandemic.
The different developments of the Business Fields were driven by demand. The sales increases resulted mainly from inflation-related price increases.