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    EANS-News  357  0 Kommentare Semperit AG Holding / Revenue increase in the first nine months of 2017, operating earnings situation remains weak

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    Corporate news transmitted by euro adhoc with the aim of a Europe-wide
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    Quarterly Report

    Vienna, Austria -

    * Revenue in Q1-3 2017 increased by 3.5% year-on-year to EUR 670.0 million
    * Earnings in Q1-3 2017 slightly below previous year: positive one-off effects
    from joint venture transaction were up against various negative one-off
    effects
    * Measures taken in Q3 - highlights:
    - Expansion step at Semperflex in Czech Republic
    - Social plan signed for Sempertrans production site in France
    - Start of analysis and strategy process
    * Outlook remains suspended


    The publicly listed Semperit Group continued to achieve a revenue increase in
    the first nine months of 2017, earnings are slightly below the previous year's
    number. In the third quarter 2017 the revenue figure stays nearly at its current
    level, EBIT was negative in Q3 because of one-off effects. However, the new
    Management Board has introduced further measures to achieve a sustainably
    efficient cost structure and therefore profitable growth due to the weak
    earnings situation. In the Sempermed segment, the severe cost-cutting programme
    led to productivity increases despite temporary interruptions of the production
    process. At the same time, further restructuring expenses amounting to EUR 4.8
    million were recorded in the Sempermed segment in France (in addition to EUR 6.8
    million in Q2 2017) in Q3 2017 as well as expenses of EUR 5.1 million relating
    to the tax audit in Austria.

    "The reported loss in the third quarter largely results from one-off effects,
    however these results are by no means satisfying." says the Chairman of the
    Management Board, Martin Füllenbach, and names the tasks that will be the focus
    in the coming quarters: "A competitive cost structure, an increased level of
    cost awareness in the entire company and at the same time the realignment of the
    future portfolio. This may certainly be considered a challenging contrast."
    Füllenbach lists the shutdown of the Sempertrans factory in France and the
    introduction of the World Class Manufacturing Model as already well-advanced
    measures. "We will consistently pursue this path," says the CEO.

    In the first nine months of 2017, Semperit achieved a revenue increase of 3.5%
    to EUR 670.0 million in a year-on-year comparison, which is primarily based on
    an increase in sales volumes in all segments except Sempertrans. Reported EBITDA
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    EANS-News Semperit AG Holding / Revenue increase in the first nine months of 2017, operating earnings situation remains weak - Corporate news transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is responsible for the content of this announcement. - Quarterly Report Vienna, Austria - * Revenue in Q1-3 2017 increased by 3.5% year-on-year to …