EANS-Adhoc: Semperit AG Holding
Revenue and earnings growth in the first three
quarters of 2010
ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement.
9-month report
16.11.2010
Group revenue up approx. 17% to EUR 519.3 million
EBT rose by approx. 15% to EUR 62.9 million
The order situation in all divisions of the Semperit Group developed gratifyingly during the first nine months of 2010. The recovery in demand which became apparent in the second quarter in the cyclical business divisions should continue to ensure good capacity utilisation at all production locations.
| |1-9/2009 |1-9/2010 |Change in % | |Revenue in EUR million |442.9 |519.3 |+17.3 | |Earnings before tax (EBT) in EUR |54.9 |62.9 |+14.6 | |million | | | | |Net profit for the period in EUR |30.0 |34.3 |+14.2 | |million | | | |
Total revenue of the Semperit Group rose 17.3% in the first nine months of 2010, to EUR 519.3 million. Earnings before tax (EBT) further improved to EUR 62.9 million. The net profit for the period at EUR 34.3 million was also significantly above the prior-year level.
PERFORMANCE OF THE DIVISIONS The Sempermed division was once again a strong growth driver in 2010, registering a 20.3% growth in revenue to EUR 245.2 million. Following a positive second quarter, the business situation of the Semperflex division continued to develop gratifyingly with revenue up 36.8% to EUR 106.3 million. Semperform also posted revenue growth of 8.7% in the first nine months of 2010, to EUR 83.8 million. Only revenue of the Sempertrans division totalled EUR 83.9 million, approximately the same level as in the previous year.
OUTLOOK Semperit expects a satisfactory revenue and earnings development also for the entire year 2010 on the basis of the good order volume at the end of the third quarter. However, Semperit continues to face an instable economic situation. In addition, the availability of several raw materials and accompanying strong price rises pose major challenges. Nevertheless, the flexibility of Semperit´s production sites enables the company to quickly adapt to different economic conditions and fluctuating market requirements.
The complete Report on 1st-3rd quarter 2010 of the Semperit Group has been published and can be viewed on the company´s Website at www.semperit.at.
end of announcement euro adhoc
Further inquiry note:
Semperit AG Holding
Investor Relations
Sybille Richter
Tel.: +43 (1) 79 777-210
E-Mail: investors@semperit.at
Branche: Synthetics & Plastics
ISIN: AT0000785555
WKN: 870378
Index: WBI, ViDX, ATX
Börsen: Frankfurt / stock market
Stuttgart / stock market
Berlin / free trade
Wien / official market