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The growth strategy adopted by the COMET Group bore fruit in the first half of 2011. The COMET Group grew consolidated net sales by 20% year-on-year to CHF 116.8 million, or 36% on a currency-adjusted basis. The high sales volume coupled with strict cost management cushioned the negative effects of the strong Swiss franc and resulted in a marked improvement in profitability, with operating income (EBIT) up 50% to CHF 9.4 million and EBITDA at CHF 15.5 million. At CHF 5.4 million, net income more than doubled.
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