EANS-News

Semperit AG Holding / Transformation measures lead to significant improvement of operating results in Q1-Q3 2019*

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Quarterly Report

Vienna -

* Decrease in total revenue by 2.7% to EUR 652.2 million
* Slight decrease in revenue by 1.5% in the Industrial Sector and more
significant decline by 4.9% in the Medical Sector
* EBITDA increased by 23.1% (after one-off effects in Q2'2018) to EUR 56.4
million, EBITDA margin from 6.8% (adjusted) to 8.6%
* Publication of the interim Group report postponed due to potential impairment
loss at Sempermed
* Varying degrees of decline in order books per segment indicates recession


Vienna/Austria, 21 November 2019 - The publicly listed Semperit Group
significantly improved the operating results with increasing profitability on
EBITDA level in the first three quarters of 2019, while revenue declined
slightly. "In the course of this year, we have taken a major step forward; our
systematic restructuring and transformation programme is taking effect. The
Medical Sector has also made a positive contribution to EBITDA for the second
consecutive quarter, based on an increase in operating performance," commented
Martin Füllenbach, Chairman of the Management Board of Semperit AG Holding, on
the condensed report. "Despite this upward trend, the situation in the Medical
Sector continues to intensify in view of the highly competitive market
environment; our relative competitive position has recently deteriorated
significantly. Against this background, we are examining strategic options for
the Medical Sector."

The significant increase in profitability in the first three quarters was
achieved in an environment of increasingly subdued global economic developments
and trade conflicts. This led to uncertainty in many industrial circles with
regard to future investment decisions and it increases fears of recession.
Although the raw material markets continued to ease compared to the previous
year, Semperit continues to observe intense competition for some materials. At
the same time, Semperit is now in a position to react appropriately to economic
fluctuations, also at short notice as a result of the transformation programme
and proactive measures.


Increase in profitability in all segments

Business development in the Industrial Sector again varied. While Semperflex and
Semperform recorded only slight declines in revenue, Sempertrans saw a higher