EANS-Adhoc: SEMPERIT AG HOLDING
PRELIMINARY RESULTS FOR SEMPERIT AG HOLDING
FOR 2009: MARKED IMPROVEMENT OF RESULTS DESPITE ECONOMIC CRISIS
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18.02.2010
EBT increased by 23.8% to EUR 71.9 million Total revenue declined by 10.3% to EUR 588.1 million due to economic conditions Slight recovery from the third quarter onwards - forecasting remains difficult
Vienna, February 18, 2010 - Despite the difficult economic environment, Semperit once again succeeded in improving earnings in 2009 compared to the previous year. This development can mainly be attributed to sustained strong demand in the Sempermed division, which achieved significant increases in revenues and profits.
2008 2009 Change in %
preliminary
Revenue in EUR million 655.3 588.1 -10.3
EBT in EUR million 58.1 71.9 +23.8Although Group revenue declined in nearly all other areas to EUR 588.1 million in total (previous year: EUR 655.3 million) due to a considerable slump in demand, the Semperit Group improved earnings before tax (EBT) by 23.8% to EUR 71.9 million. An important contribution to this was made by the comprehensive cost-reduction program, which was successfully implemented in the period under review on both the personnel and material side.
Performance of the divisions Demand for surgical and examination gloves was not affected by the general economic develop-ments. Against this background, the Sempermed division increased revenue by 11.7% to EUR 271.4 million. The Sempertrans division also exhibited solid development under the prevailing circumstances, achieving revenue of EUR 114.9 million (previous year: EUR 127.5 million). The Semperflex and Semperform divisions had to cope with significant losses of revenue of minus 36.5% to EUR 105.3 million and minus 19.0% to EUR 96.5 million respectively.
Outlook Overall, the Semperit Group coped well with the 2009 economic crisis. Through consistent reduction of personnel and material costs, the company succeeded in quickly adapting its cost structure to the changed demand situation. However, despite the slight improvement in the global economy, it remains difficult to make predictions about future business development. In addition, the increase in raw material prices, which began in the second half of 2009, led to increased competitive pressure. Although the difficult economic situation will continue in 2010, the Management Board expects satisfactory results for the 2010 financial year.
Final results will be presented on April 6, 2010.
end of announcement euro adhoc
Further inquiry note:
Semperit AG Holding
Investor Relations
Michael Wolfram
Tel.: +43 (1) 79 777-301
E-Mail: investors@semperit.at
Branche: Synthetics & Plastics
ISIN: AT0000785555
WKN: 870378
Index: WBI, ATX Prime, ViDX
Börsen: Frankfurt / stock market
Stuttgart / stock market
Berlin / free trade
Wien / official market