Article Tools

Semperit AG Holding / Earnings development significantly weaker than expected

Published: October 9, 2017; 13:30 · (FriedlNews)

In the course of a discussion of results today, the management board came to the conclusion that the operational earnings situation of the Semperit Group will remain below expectations in the second half of 2017. The operating result is mainly burdened by the volatility of raw material prices as well as operational challenges, particularly in the Sempermed and Sempertrans segments.

Disclosed inside information pursuant to article 17 Market Abuse Regulation (MAR) transmitted by euro adhoc with the aim of a Europewide distribution. The issuer is responsible for the content of this announcement.

Company Information
09.10.2017

Vienna - In the course of a discussion of results today, the management board
came to the conclusion that the operational earnings situation of the Semperit
Group will remain below expectations in the second half of 2017. The operating
result is mainly burdened by the volatility of raw material prices as well as
operational challenges, particularly in the Sempermed and Sempertrans segments.

Compared with the adjusted operational EBIT for the first half of 2017 of EUR 6
million, we do not expect any significant improvement in the operational
business for the third and fourth quarters of 2017 on the current basis.

Facing the current situation, the management board decided on a comprehensive
analyses and strategy process which is expected to be completed in the second
quarter of 2018 and will create ongoing expenses in this period. Subsequently,
the resulting transformation process will be started.

Continuous and potentially new measures to increase profitability and to
strengthen the balance sheet structure remain at the very top of the agenda of
the management board. Therefore, further significant non-recurring charges in
addition to already initiated steps and those partially still in implementation
cannot be ruled out in the coming quarters.

Due to these developments, the outlook will remain suspended for the coming
quarters.

Further inquiry note:
Monika Riedel
Group Head of Communications & Sustainability
+43 676 8715 8620
monika.riedel@semperitgroup.com

Stefan Marin
Head of Investor Relations
Tel.: +43 676 8715 8210
stefan.marin@semperitgroup.com

www.semperitgroup.com

end of announcement euro adhoc
--------------------------------------------------------------------------------

issuer: Semperit AG Holding
Modecenterstrasse 22
A-1030 Wien
phone: +43 1 79 777-210
FAX: +43 1 79 777-602
mail: stefan.marin@semperitgroup.com
WWW: www.semperitgroup.com
ISIN: AT0000785555
indexes: WBI, ATX PRIME, ATX GP
stockmarkets: Wien
language: English

Digital press kit: http://www.ots.at/pressemappe/2918/aom

***ORIGINAL APA-OTS TEXT - THE INFORMATION CONTAINED IN THIS PRESS
RELEASE IS SUBJECT TO THE EXCLUSIVE RESPONSIBILITY OF THE ISSUER***

OTE0004 2017-10-09/13:30

(C) Copyright APA-OTS Originaltext-Service GmbH and the respective issuer.