EANS-News
Semperit AG Holding / Significant improvement in operating earnings in 2018 ? particularly due to Industrial sector ? downward trend stopped
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Corporate news transmitted by euro adhoc with the aim of a Europe-wide
distribution. The issuer is responsible for the content of this announcement.
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Corporate news transmitted by euro adhoc with the aim of a Europe-wide
distribution. The issuer is responsible for the content of this announcement.
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Financial Figures/Balance Sheet
Vienna, Austria -
* Total revenue of EUR 878.5 million slightly increased compared with the
previous year
* Strong performance in Industrial Sector resulted in revenue increase of 5.6%
to EUR 567.0 million, whereas revenue in Medical Sector declined by 7.6%
* EBITDA adjusted for negative one-off effects increased by 40.6% to EUR 50.3
million; adjusted EBITDA margin rose from 4.1% to 5.7%
* EBIT adjusted for negative one-off effects significantly increased to EUR 15.4
million and was positive compared with the previous year; adjusted EBIT margin
rose from -0.1% to 1.7%
* Net loss for the year caused primarily by impairment in the Sempermed segment
and one-off effects as part of the restructuring
Vienna/Austria, 22 March 2019 - With slightly increasing revenues, the operating
result (adjusted EBITDA) of the publicly listed Semperit Group was significantly
increased in 2018: "We have bottomed out: our intensified restructuring and
transformation course has led to a significant improvement in operating earnings
in the Industrial Sector," emphasises Dr Martin Füllenbach, Chairman of the
Management Board of Semperit AG Holding. "The negative development in the
Medical Sector remains a drop of bitterness, for the restructuring of which we
deliberately set a period of 36 months. We are working on the urgently needed
turnaround of Sempermed with utmost concentration."
Significant improvement in operating earnings in industrial segments
The positive development of the Industrial Sector was mainly driven by an
increase in the Sempertrans and Semperflex segments. At the same time, the
Semperit Management Board consistently intensified and accelerated the ongoing
restructuring measures at Group level, which led to an improvement in operating
performance. Until the end of 2018, the initiatives for efficiency enhancement
within the scope of SemperMOVE10 included a total of more than 700 cross-
functional and cross-segment initiatives in the areas of World Class
Manufacturing, quality, pricing, and focused market development. The
contribution to increasing profitability is measured by means of ongoing
monitoring.
"We see numerous positive signals in the industrial segments and are well on the
way. While our results for the past two years were frequently burdened by one-
off effects throughout the Group, we can rule out restructuring-related one-off
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