DGAP-Adhoc

H&R Aktiengesellschaft publishes good preliminary 9-month figures 2015

H&R Aktiengesellschaft / Key word(s): Preliminary Results/9-month figures

16.10.2015 13:26

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Ad hoc notification conforming to article 15 of the German law governing
the trading of securities (WpHG)

H&R AG: Provisional business figures for the third quarter of 2015

- Increase in earnings before interest, taxes, depreciation and
amortization (EBITDA) with respect to the previous year nine months, to
EUR65.3m.

- Q3 results favored by special items amounting to EUR4.9m.

- Increase in forecast EBITDA

Salzbergen (Germany), 16th October 2015. According to preliminary
calculations, the company H&R Aktiengesellschaft (ISIN DE0007757007) has
been able to more than double its earnings before interest, taxes,
depreciation and amortization (EBITDA) in the third quarter of the 2015
financial year, with respect to the same period of the previous year, to
EUR24.2m (Q3-2014: EUR10.6m). EBIT improved by EUR4.8m in the third quarter
of 2014 to its current EUR16.7m. The same quarter's sales revenues of
EUR240.9m are about 9% below those of the previous year (Q3-2014:
EUR265.6m). In the course of the year, the third quarter of 2015 was stable
and slightly below the level of its outstanding predecessor, but
nevertheless delivered good results. This situation was also helped by some
extraordinary income. A sale of land at the site of former
explosives-related activity and the receipt of insurance compensation
amounted to approximately EUR4.9m. These items are reflected in earnings
before tax (EBT), and also in group earnings, which managed to increase in
the third quarter of 2014 from EUR1.2m and EUR0.8m to EUR13.7m and EUR11.4m
respectively.

The company achieved, over the entire nine-month period - provisionally,
with 5% lower sales of EUR765.6m (same 9 months of 2014: EUR806.3m) and due
not least to extraordinary items of revenue - a significant increase of
EUR40.1m in earnings before interest, taxes, depreciation and amortization
(EBITDA) to EUR65.3m (same nine months of 2014: EUR25.2 m). EBIT amounts to
EUR42.7m (same nine months of 2014: EUR8.1m). Earnings before tax (EBT)
rose over the entire nine-month period to EUR34.4m (same nine months of
2014: -EUR2.4m). Group earnings were correspondingly more robust, growing
to EUR29.2m (same nine months of 2014: -EUR1.9m).