10.04.2017,
4228 Zeichen
Corporate news transmitted by euro adhoc. The issuer/originator is solely
responsible for the content of this announcement.
Earnings Forecast
The operating business development of the Semperit Group is expected to lead to
a very weak result in the first quarter of 2017. This was largely impacted by
the adverse trend of raw materials prices, which we managed to pass on to
customers only partially and with a time lag. The Management Board of Semperit
came today to the conclusion that out of this market development a considerable
negative impact on operating earnings compared with the previous year can also
be expected for the next months to come.
The adjusted EBIT for the 2017 financial year (without one-off effects from the
joint venture transaction) will therefore be significantly below the adjusted
EBIT of 2016 (EUR 41 million after deduction of the earnings contribution from
the Thai SSC / Siam Sempermed Corporation Ltd.).
CFO
Frank Gumbinger: "Over the last few weeks, we have done a thorough analysis
of the current business development and the segments. During this process, we
have identified a number of construction sites, which are now on top of our
agenda."
In the course of the current revision of the planning process for 2017, the
Management Board has come to the conclusion today that the long-term earnings
outlook forthe Sempermed segment (Medical Sector) must be subjected to a
critical review compared with the previous assessment. This might result in a
significant impairment in the Sempermed segment.
While the Semperit Group continues to pursue organic growth in future, the
focus will be increasingly on enhancing profitability. A lot of work has to be
done for this, which includes measures to increase efficiency and a review of
the IT strategy. This might lead to significant one-off charges in the next
quarters.
These developments have prompted the Management Board to change the outlook for
2017. Due to limited visibility and the number of issues mentioned above, the
outlook for 2017 has been suspended. Therefore, a specific guidance range
cannot be provided.
As communicated on 10 March 2017, Semperit is expecting unchanged significant
positive effects from the joint venture transaction, which will affect earnings
in the first quarter of 2017.Due to the high inflow of cash from the joint
venture transaction, net debt was reduced by more than EUR 150 million by the
end of March 2017 (compared with the end of December 2016). In addition, after
the closing of the joint venture transaction a dividend of EUR 0.70 per share
can also be proposed to the Annual General Meeting.
CFO Frank Gumbinger: "We would like to use the next few months to identify
further potentials to make the Group profitable on a sustainable basis. As soon
as there is better visibility after our current review we will inform about
further progress."
About Semperit The publicly listed company Semperit AG Holding is an
internationally-oriented group that develops, produces, and sells highly
specialised rubber and plastic products in more than 100 countries for the
medical and industrial sectors: examination and surgical gloves, hydraulic and
industrial hoses, conveyor belts, escalator handrails, construction profiles,
cable car rings, and products for railway superstructures. The headquarters of
this traditional Austrian company, which was founded in 1824, are located in
Vienna. The Semperit Group employs around 7,000 people worldwide, including
close to 3,900 in Asia and more than 800 in Austria (Vienna and production site
in Wimpassing, Lower Austria). The group has 22 manufacturing facilities
worldwide and numerous sales offices in Europe, Asia, Australia and America. In
2016, the group generated sales of EUR 852 million and EBITDA of EUR 78
million.
end of announcement euro adhoc
company: Semperit AG Holding
Modecenterstrasse 22
A-1030 Wien
phone: +43 1 79 777-210
FAX: +43 1 79 777-602
WWW: www.semperitgroup.com
sector: Synthetics & Plastics
ISIN: AT0000785555
indexes: WBI, ATX Prime, ViDX, Prime Market, ATX GP
stockmarkets: official market: Wien
language: English
Digital press kit: http://www.ots.at/pressemappe/2918/aom
BSN Podcasts
Christian Drastil: Wiener Börse Plausch
Börsepeople im Podcast S12/08: Robert Abend
Semperit
Akt. Indikation: 11.66 / 11.80
Uhrzeit: 23:00:24
Veränderung zu letztem SK: -0.09%
Letzter SK: 11.74 ( -0.17%)
Bildnachweis
1.
Semperit Gruppe: „Flyingbelt“ von Sempertrans und Agudio in Brasilien im Einsatz, Seite 1/2, komplettes Dokument unter http://boerse-social.com/static/uploads/file_1321_semperit_gruppe_flyingbelt_von_sempertrans_und_agudio_in_brasilien_im_einsatz.pdf
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