EANS-News
Semperit AG Holding / Semperit Group with stable operational development in H1 2016
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Corporate news transmitted by euro adhoc. The issuer/originator is solely
responsible for the content of this announcement.
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Corporate news transmitted by euro adhoc. The issuer/originator is solely
responsible for the content of this announcement.
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quarterly report
- Revenue with EUR 438.7 million (-2.7%) slightly below previous
year's level despite market weakness - Improved EBITDA (+4.8%) and
stable EBIT (+/-0.0%) - Persistently challenging market environment
expected for the second half of 2016
The publicly listed Semperit Group generated a stable operational
development in the ongoing difficult market environment of the first
half of 2016. Despite the weak economy, Semperit generated a further
increase in revenue with high profitability in the Industrial Sector.
This allowed for largely offsetting the weaker development of the
Medical Sector. Group revenue amounted to EUR 438.7 million in the
first half of 2016 and was slightly below the previous year's figure
of EUR 450.8 million. Semperit improved the group's EBITDA by 4.8% to
EUR 52.8 million (after EUR 50.3 million). EBIT was stable in
comparison with the previous year at EUR 36.2 million (after EUR 36.2
million). The EBITDA margin and the EBIT margin improved slightly to
12.0% (after 11.2%) and 8.3% (after 8.0%) respectively.
"Due to our strong sales performance, a capacity utilisation above
the industry average and new capacities in the Industrial Sector, we
showed a stable operational development in the first half of 2016.
However, the low demand in economically sensitive fields and the cost
pressure due to rising energy and raw material prices combined with
weak sales prices in the glove business are beyond our influence. We
are taking countermeasures by using a focused sales strategy and
programmes for optimisation and efficiency enhancement as well as by
opening up new markets. This and our new highly efficient production
sites make us well prepared to perform better than the market even in
the current environment," CEO Thomas Fahnemann comments on the
half-year results.
In the second quarter of 2016, the Industrial Sector achieved further
revenue growth as opposed to a decrease in revenue and earnings in
the Medical Sector. Corporate revenue decreased to EUR 219.2 million
(after EUR 233.4 million) in the second quarter of 2016. EBITDA
declined to EUR 26.1 million (after EUR 28.5 million) and EBIT to EUR
17.6 million (after EUR 21.0 million).
Semperit boasted a sound capital basis as reflected by its equity
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