EANS-News

Semperit AG Holding / Semperit impacted by weak market environment and one-off effects in 2016

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Financial Figures/Balance Sheet

- Revenue at EUR 852.4 million (-6,8%) below prior-year's level -
Earnings development in 2016 impacted by one-off effects - Largely
stable sales development and significantly positive one-off effects
through joint venture transaction expected for 2017 - Operational
earnings development without one-off effects impacted by increase in
raw material prices and elimination of earnings contribution of Siam
Sempermed in 2017

In 2016, the business development of the publicly listed Semperit
Group was characterised by a persistently difficult market
environment in the Industrial and Medical Sectors. While the
Industrial Sector performed well contrary to the market trend,
one-off effects relating to the planned termination of the joint
ventures with the Thai Sri Trang-Agro Industry Public Co Ltd Group
("joint venture transaction") and high margin pressure burdened the
earnings development. In 2017, high positive one-off effects from
this transaction are expected in return.

In the financial year 2016, the group's revenue of EUR 852.4 million
was 6.8% below the previous year's value of EUR 914.7 million. The
adjusted EBITDA (without one-off effects) declined by 14.1% to EUR
82.6 million (after EUR 96.2 million). The adjusted EBIT at EUR 49.0
million also showed a downward trend compared to the previous year at
EUR 66.7 million. The adjusted EBITDA margin was 9.7% (after 10.5%)
and the adjusted EBIT margin was 5.7% (after 7.3%). The adjusted
earnings after tax declined from EUR 46.4 million to EUR 23.1 million
due to negative foreign currency effects and higher interest
expenses. The adjusted earnings per share fell accordingly to EUR
1.12 (after EUR 2.26).

The non-cash one-off effects relating to the joint venture
transaction totalled EUR -31.9 million. Considering these one-off
effects, EBITDA was EUR 77.9 million and EBIT EUR 27.3 million.
Earnings after tax amounted to EUR -8.8 million and earnings per
share to EUR -0.43.

In 2016, Semperit invested a total of EUR 65.1 million (after EUR
71.8 million) to expand and modernise its production plants. With an
equity ratio of 31.8% (31 December 2015: 38.7%), Semperit continued
to have a solid capital structure at the reporting date. Despite high
investments, cash and cash equivalents increased to EUR 190.2 million