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H&R GmbH & Co. KGaA confirms solid preliminary figures for the first quarter of 2017 - Seite 2

 

* Difference shown in percentage points


The Refining segment made the biggest contribution to the solid operating result. With sales revenue increasing from EUR 139.9 million to EUR 161.8 million, EBITDA amounted to EUR 16.0 million (Q1 2016: EUR 20.9 million). In the previous year's first quarter, the company's refineries had benefited more from interruptions in competitors' operations. The Sales segment expanded its share of total earnings substantially, pushing this up to EUR 10.0 million, and clearly outstripping its performance a year earlier (Q1 2016: EUR 7.9 million). This segment also saw an upturn in sales revenue, from EUR 77.5 million in the first quarter of 2016 to EUR 92.4 million in the first three months of the current year. Finally, the Plastics segment continued its good operative performance and generated a higher level of EBITDA. This rose from EUR 0.2 million in the first quarter of 2016 to EUR 1.7 million in the same period of 2017, a more than eightfold increase. Meanwhile, sales grew by EUR 2.2 million, from EUR 13.5 million in the first quarter of 2016 to EUR 15.7 million in the first three months of this year.

Having completed the first quarter of 2017, H&R considers itself to be on course to reaching its target for EBITDA for the year as a whole, within the predicted range of EUR 86.0 million to EUR 100.0 million.

For more detailed information on the trends in business and earnings, please consult the Interim Statement for the first quarter of 2017, issued today and available for download at www.hur.com under "H&R KGaA."

Contact information:

H&R GmbH & Co. KGaA, Head of Investor Relations/Communications, Ties Kaiser

Neuenkirchener Strasse 8, 48499 Salzbergen

Tel.: [phone], Fax: [phone]

e-mail: [e-mail] ; www.hur.com

H&R KGaA:

H&R KGaA is a specialty-chemicals company listed on the Frankfurt Stock Exchange's Prime Standard segment. It develops and manufactures crude-oil-based chemical and pharmaceutical specialty products and produces high-precision plastic parts.

Forward-looking statements and forecasts:

This press release contains forward-looking statements. The statements are based on the current estimates and forecasts by the Executive Board and the information available to the Board at this time. These forward-looking statements do not provide any warranty for the future developments and results contained therein. The future developments and results are dependent on a number of factors; they entail various risks and contingencies and are based on assumptions which could prove to be incorrect. We do not assume any responsibility for updating the forward-looking statements contained in this press release.