EANS-News

Semperit increases operational profitability in the first quarter despite corona pandemic and global economic depression

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Quarterly Report

Vienna/Austria, 20 May 2020 -

* Decrease in consolidated revenue by 6.5% to EUR 199.1 million
* Revenue rose by 8.4% in the Medical Sector and fell by 14.0% in the Industrial
Sector
* EBITDA increased by 2.3% to EUR 16.9 million, EBITDA margin from 7.7% to 8.5%
* EBIT significantly improved by 24.9% to EUR 9.8 million, EBIT margin from 3.7%
to 4.9%
* Corona effects manageable in the first quarter
* Reprioritisation in the light of the corona crisis leads to delayed
implementation of the strategic landmark decision to separate from the medical
business


The publicly listed Semperit Group increased profitability in the first quarter
at both EBITDA and EBIT level despite a historically unprecedented corona/CoViD-
19 pandemic and the resulting global economic recession. "This is clear evidence
of how well and successfully the measures of our restructuring and
transformation process, which is now accelerated even more by corona, are taking
effect," says Martin Füllenbach, Chairman of the Management Board of Semperit AG
Holding. "The drastic improvement in the Medical Sector is primarily the result
of our tireless productivity enhancement measures and operational progress since
the beginning of 2018. The effects of the significant increase in demand for
medical protective gloves in connection with corona will for the most part only
be reflected in future quarterly results."


Among other things, since March Semperit has supplied more than 60 million
gloves to provide the medical personnel in Austria with protective equipment in
cooperation with the crisis management team of the Austrian federal government.
In the course of the corona crisis, new priorities are set, Füllenbach
continued: "Supporting the Republic of Austria with medical protective gloves is
of course paramount for us as an Austrian company with an Austrian core
shareholder. This is why the implementation of the still valid strategic
landmark decision to separate from the medical business will be delayed."


External factors are likely to have a negative impact, primarily in the second
half of the year

The robust increase in profitability of the Semperit Group in the first quarter
of 2020 was achieved in an environment in which fears of recession, which had