21st Austria weekly - Polytec, Semperit (14/08/2019)

Polytec: Polytec Group, developer and manufacturer of high-quality plastic parts, concluded a company purchase agreement for the takeover of the automotive business of the insolvent Wayand Group, which is headquartered in Idar-Oberstein, Germany. Subject to anti-trust approval and the fulfilment of other suspensive conditions, the planned closing of the transaction is expected to take place at the beginning of September 2019. Wayand AG currently has a workforce of around 400 and the products of its automotive business area consist largely of plastic parts and modules for European, premium class vehicle manufacturers. Following the takeover of the operative business of Wayand AG, additional sales revenues of some Euro 50 mn should be attained in the 2020 financial year.
Polytec: weekly performance: -4.65%

Semperit: For the first time in two years the publicly listed Semperit Group, an internationally-oriented group that develops, produces, and sells in more than 100 countries highly specialised rubber products for the medical and industrial sectors, achieved positive half-year results with increasing profitability, while revenue slightly declined. Total revenue recorded a decrease by 2.5% to Euro 437.3 mn in the first half of 2019, with the Industrial Sector showing only a slight decline in revenue by 0.7% to Euro 289.5 mn while the decline in revenue in the Medical center was more pronounced at 5.9%. EBITDA increased from Euro 32.7 mn (value for the first half of 2018 adjusted for the negative one-off effect of Euro 3.9 mn from the shutdown of the Sempertrans site in China) to Euro 39.1 mn in the first half of 2019. Earnings after tax totalled Euro 5.8 mn for the first half of 2019 compared with Euro –67.4 mn for the same period of 2018. “Our successful turnaround continues consistently and gained momentum, primarily in the second quarter. In addition to the positive development of the Industrial Sector, our restructuring efforts in the Medical Sector also started to take effect: in the second quarter, all four segments were positive on EBITDA level. The focus will remain on Sempermed to ensure sustainability of the efforts,” says CEO Martin Füllenbach, and continues: “Our Group-wide transformation process will be continued systematically. In parallel, we have started the programme ‘SemperGrowth200’ to define and create the basis for the implementation of Semperit’s strategic reorientation in the coming 5-year period until our 200th anniversary.”
Semperit: weekly performance: 4.00%

(From the 21st Austria weekly https://www.boerse-social.com/21staustria (14/08/2019)

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Bildnachweis

1. Polytec Geschäftsbericht 2018 - https://boerse-social.com/financebooks/show/polytec_geschaftsbericht_2018

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