DGAP-News

H&R AG confirms positive figures for the first half of 2015

DGAP-News: H&R AG / Key word(s): Quarter Results/Half Year Results
H&R AG confirms positive figures for the first half of 2015

14.08.2015 / 07:57

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Press release

H&R AG confirms positive figures for the first half of 2015

- Significant increase in operating income (EBITDA) to EUR41.2 million

- Positive earnings trend in all three segments

- Outlook for 2015 now expected to be at the upper end of the projected
earnings range

Salzbergen, 14 August 2015. In the Second Interim Report published today,
H&R Aktiengesellschaft (ISIN DE0007757007) virtually confirmed in their
entirety the preliminary results for the first half of 2015 announced on 21
July 2015. Overall, while sales revenues decreased by 3% to EUR524.7
million due to lower crude-oil prices (first half of 2014: EUR540.7
million), the company almost tripled its operating income (EBITDA) to
EUR41.2 million (first half of 2014: EUR14.5 million). EBIT totaled EUR26.0
million (first half of 2014: EUR3.3 million). Pre-tax earnings (EBT) for
the entire six-month period improved to EUR20.7 million (first half of
2014: pre-tax loss of EUR-3.7 million). Consolidated net income totaled
EUR18.2 million (first half of 2014: net loss of EUR-2.7 million). H&R
Aktiengesellschaft therefore generated earnings per share of EUR0.51 (first
half of 2014: EUR-0.09).

Overview of key figures:

EUR MILLION                          First half of  First half of    Change
                                              2015           2014
Sales                                        524.7          540.7     -16.0
Operating income (EBITDA)                     41.2           14.5      26.7
EBIT                                          26.0            3.3      22.7
Pre-tax earnings (EBT)                        20.7           -3.7      24.4
Net income after minority interests           18.2           -2.7      20.9
Consolidated earnings per share, in           0.51          -0.09      0.60
EUR*
Operating cash flow                           19.9          -32.4      52.3
Free cash flow                                10.1          -40.0      50.1

                                           Q2 2015        Q2 2014    Change
Sales                                        261.8          258.1       3.7
Operating income (EBITDA)                     25.7            6.8      18.9
EBIT                                          17.9            1.2      16.7
Pre-tax earnings (EBT)                        15.6           -2.1      17.7
Net income after minority interests           13.4           -1.6      15.0