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Semperit Group - High earnings growth due to one-off effects in Q1 2017
Press Wire ♦
Published: May 16, 2017; 07:01 ♦ (Vindobona)
The publicly listed Semperit Group recorded high positive one-off effects in the first quarter of 2017 due to the termination of almost all joint venture activities with the Thai Sri Trang Agro-Industry Public Co Ltd Group ("joint venture transaction"). In its operational business significant negative earnings effects were recorded due to higher raw material prices, which could only partially and after a certain time lag be passed on to the market.
Semperit Group - High earnings growth due to one-off effects in Q1 2017 / Picture: © Vindobona.org
Corporate news transmitted by euro adhoc with the aim of a Europewide distribution. The issuer is responsible for the content of this announcement.
Quaterly Report
Vienna -
* Revenue in Q1 2017 increased by 4.5% to EUR 229.3 million
* High growth in earnings due to successful termination of joint venture
transaction
* Development of earnings…
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