EANS-News: Semperit AG Holding Impairment at Sempermed segment
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Corporate news transmitted by euro adhoc with the aim of a Europe-wide
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Company Information
Vienna - Following a thorough review, the Management Board of Semperit AG
Holding identified in the process of its mid-term planning and the preparation
of the half-year financial statements as of 30 June 2018 the need for
recognising an impairment loss (pre tax) of about EUR 55 million at Sempermed
segment (first half 2017: impairment loss of EUR 26.0mn).
The business development of Sempermed is currently in decline. The reasons for
this are mainly seen in the growing competitive and price pressure, the limited
availability and price increases of some input factors and inefficiencies in
production.
"Mid-term planning has recently been conducted in the light of the ongoing
restructuring and transformation process as well as the observable uncertainties
in the business development of Sempermed. Given this, we identified the need for
recognising an impairment loss", says Dr Martin Füllenbach, CEO of the
Management Board of Semperit AG Holding. "This is under no circumstances related
to the future decision about the corporate portfolio of the Semperit Group."
From today's perspective, Semperit Group's earnings after tax will be negative
in 2018 (2017: EUR -26.3mn). The exact amount of the impairment loss will be
included in the half-year figures and will be disclosed with the publication of
the half-year 2018 financial report on 23 August 2018.
Further inquiry note:
Monika Riedel
Director Group Communications & Sustainability
+43 676 8715 8620
monika.riedel@semperitgroup.com
Stefan Marin
Head of Investor Relations
Tel.: +43 676 8715 8210
stefan.marin@semperitgroup.comwww.semperitgroup.com
end of announcement euro adhoc
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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: ATX GP, ATX PRIME, WBI
stockmarkets: Wien
language: English