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H&R GmbH & Co. KGaA publishes Annual Report 2016

DGAP-News: H&R GmbH & Co. KGaA / Key word(s): Final Results/Miscellaneous H&R GmbH & Co. KGaA publishes Annual Report 2016 21.03.2017 / 06:59 The issuer is solely responsible for the content of this announcement. H&R GmbH & Co. KGaA publishes 2016 Annual Report

- EBITDA of EUR 101.4 million is second-highest in company's history

- Significant improvement in cash flow and equity

- High demand and good sales volumes throughout entire year

- Restructuring in Plastics segment paid off with positive net result

Salzbergen, 21 March 2017. H&R GmbH & Co. KGaA (H&R KGaA; ISIN DE0007757007) achieved operating income (EBITDA) of EUR 101.4 million in financial year 2016 (2015: EUR 85.4 million). The change in EBIT was also quite positive; it rose by EUR 15.5 million to EUR 64.2 million (2015: EUR 48.7 million). Earnings before taxes (EBT) followed a similar trend, increasing by EUR 20.0 million from EUR 34.2 million in 2015 to EUR 54.2 million in the year under review. Net profit to shareholders totaled EUR 38.4 million (2015: EUR 26.9 million), an increase of EUR 11.5 million over the prior-year result. Earnings per share stood at EUR 1.07 (2015: EUR 0.75).

The substantial increase in earnings was generated on EUR 942.7 million of sales revenues, which were 4% lower than in the previous year (2015: EUR 982.9 million). The trend of decreasing sales revenues caused by the lower price of crude oil slowed considerably in 2016. Primary product sales volumes increased to around 849,000 tons thanks to strong customer demand (2015: 762,000 tons).

All segments made positive contributions to earnings

Thanks to the EBITDA from its Refining and Sales segments, the Chemical-Pharmaceutical Raw Materials division's contribution to Group EBITDA increased quite significantly from EUR 87.8 million in 2015 to EUR 103.9 million in 2016. Through strict cost controls, adjustments to the customer portfolio and stronger emphasis on canvassing for new business, the Plastics division also experienced a strong recovery, achieving not only an improvement in EBITDA from EUR -0.8 million in 2015 to EUR 2.6 million in 2016, but also a small net positive figure.