China Specialty Glass AG announced group earnings results for the first half of 2013. The company reported an increase of revenues by 36.0% to EUR 65.8 million in the first half year of 2013 against EUR 48.4 million a year ago. This significant revenue growth was possible due to an increased sales quantity in all product segments in the first six months of 2013. As in the past, the bank security glass contributed the major part to total revenues with EUR 29.9 million or 45.4% of total sales against EUR 19.9 million a year ago, while automotive glass accounted for EUR 22.1 million or 33.6% of total sales against EUR 20.0 million a year ago. EBIT showed an even more positive development and rose significantly from EUR 4.2 million to EUR 26.8 million year on year resulting in an EBIT margin of 40.7% against 8.7% a year ago. Without considering the one-off effect arising from the initial recognition of the convertible loan in the first six months of 2012, EBIT would have grown by 89.9%. In the first half of 2013 net profit reached EUR 20.3 million and the net profit margin amounted to 30.8%.

CSG confirmed its earnings guidance for the full year 2013 published in the first quarterly report 2013. Given the growth opportunities for CSG Group and its market leading position in China, the management still expects revenues to increase by around 40% and net profit to grow at the same pace compared to 2012. Following its growth strategy, CSG plans to further increase its product sales by the expansion of its sales network in China and abroad. The enhanced production capacity that is needed will be achieved through the new laminated and thermal pre-stressed glass production lines in Sichuan Province as well as by the expansion of the existing production plant in Guangzhou.