DGAP-Adhoc

H&R Aktiengesellschaft: Preliminary earnings significantly higher than previous year's figures - Seite 2

highly restrained way - from as early as October and November - when it
came to ordering from our refineries, the final quarter remained strong for
the entire twelve-week period.

Supported by this development, EBITDA increased more than three-fold from
last year's EUR6.3 million to this year's EUR20.6 million. The fourth
quarter saw a corresponding improvement in terms of EBIT, with a figure of
EUR6.5 million (Q4/2014: -EUR2.3 million), while an even stronger
development was opposed by value adjustments of intangible assets as a
result of impairment tests. Earnings before tax (EBT) rose to EUR0.5
million in the last quarter of 2015 (Q4/2014: EUR-5.4 million).
Shareholders net earnings rose considerably in the fourth quarter of 2015,
by EUR11.8 million, although the total of -EUR1.7 million (Q4/2014:
-EUR13.5 million) was still negative.

From a quarterly perspective, the company reported, in comparison to the
same period of the previous year, a commodity-price-determined drop of
13.9% in revenues to EUR217.3 million (Q4/2014: EUR252.3 million)

Clear improvement in cash flow

Operational cash flow rose slightly in the fourth quarter, to EUR21 million
(Q4/2014: EUR18 million). As a result of higher investments, the figure for
free cash flow dropped somewhat, to EUR8.1 million. (Q4/2014: EUR10.8
million).

There was a clear rise in operational cash flow over the year as a whole,
from -EUR0.4 million to EUR54.7 million, while free cash flow also
improved, by rising from -EUR10.5 million to EUR28.3 million.

A robust equity base

The balance sheet total at the end of the 2015 financial year was reduced
to EUR628.8 million (31.12.2014: EUR706.6 million). The company's equity
increased, by the reporting date, to EUR287.1 million (31.12.2014: EUR248.9
million). These changes relate directly to higher retained earnings
resulting from improved group earnings. Even with the lower balance sheet
total, equity stood at 45.7%.

For a complete, audited account of the company's progress, including a
segment-based report and financial statements, H&R AG refers to the annual
report for 2015, which will be released on 29th March 2016.

Contact information:
H&R AG, Investor Relations/Communications, Ties Kaiser
Neuenkirchener Strasse 8, 48499 Salzbergen
Tel.: [phone], Fax: [phone]
E-mail: [e-mail]
www.hur.com

H&R AG:
H&R AG 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 ad-hoc notification contains forward-looking statements. These
statements are based on current estimates and forecasts made by the
Executive Board and the information available to the Board at this time.
Forward-looking statements should not be interpreted as guarantees that the
projected future developments and results will materialise. Future
developments and results are dependent on a range of factors. They comprise
various risks and imponderables and rest on assumptions which may prove
incorrect. We do not accept any obligation to update the forward-looking
statements made in this ad-hoc communication.


29.01.2016 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language: English
Company: H&R Aktiengesellschaft
Neuenkirchener Str. 8
48499 Salzbergen
Germany
Phone: [phone]
Fax:
E-mail: [e-mail]
Internet: www.hur.com
ISIN: DE0007757007
WKN: 775700
Listed: Regulated Market in Dusseldorf, Frankfurt (Prime Standard),
Hamburg; Regulated Unofficial Market in Berlin, Hanover,
Munich, Stuttgart

End of Announcement DGAP News-Service

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