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Joerg Wolle, president & CEO of DKSH Group said that as European and US markets continued facing challenges, western companies are seeking opportunities to expand into new markets and there is growing demand for market entries into Asia, given the sustainably high growth rates in this region.
“The rapid growth of the Asian economies is driven by their emerging middle classes with increased purchasing power and a healthy and growing appetite for quality consumer, healthcare, as well as luxury and lifestyle products,” Wolle said.
He added that Asia was no longer simply the extended “workbench” of the West – it is developing into a continent with strong domestic markets.
“This in turn also creates the need to improve local infrastructure and develop local industries, driving the demand for industrial products such as machinery, semi-finished products, and raw materials. Based on our current market assumptions, we are very confident that we will be able to achieve another record year in 2012 with double-digit profit growth,” he said.
DKSH Vietnam is one of the country’s leading business organizations and a key hub for the DKSH Group.
The business activities are organized into four specialized Business Units that mirror fields of expertise: Consumer Goods, Healthcare, Performance Materials, and Technology.
DKSH’s long tradition in Vietnam and profound knowledge of the local market have enabled the company to anticipate country-specific issues and help business partners to enter and grow their operations in this strategic and rapidly growing market in Southeast Asia.
Up to now it has a network of 21 business locations across the country and 2,900 employees, organized into four highly specialized business units of consumer goods, healthcare, performance materials, and technology.
DKHSremains on its successful growth path, reporting excellent results for the first six months of 2012.
Wolle said that compared to the first half 2011, DKSH recorded an impressive increase of 23 per cent in Earnings before interest and taxes to Swiss France (CHF) 127 million, which lifted its profit after tax by 23.6 per cent to Swiss France 81 million.
Company’s net sales increased by 16 per cent, reaching CHF 4.2 billion to mark the best half-year in the Group’s history.
Earnings per share amounted to CHF 1.24 and the return on equity (ROE) reached 15 per cent.
This was the first time the company reports its half-year results as a public company, and the figures of the first six months confirm the very positive track record of DKSH over the past decade.
Publicly listed on the SIX Swiss Exchange since March 2012, DKSH is a global company headquartered in Zurich. With 650 business locations in 35 countries – 630 of them in Asia – and around 26,000 specialized staff, DKSH generated Net Sales of CHF 7.3 billion in 2011.
The company offers a tailor-made, integrated portfolio 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.