Earnings Release • Aug 6, 2018
Earnings Release
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Disclosed inside information pursuant to article 17 Market Abuse Regulation (MAR) transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is responsible for the content of this announcement.
Company Information 06.08.2018
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, the need for recognising an impairment loss was identified. A future decision about the corporate portfolio of the Semperit Group is not related to that.
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 [email protected]
Stefan Marin Head of Investor Relations Tel.: +43 676 8715 8210 [email protected]
www.semperitgroup.com
end of announcement euro adhoc --------------------------------------------------------------------------------
issuer: Semperit AG Holding Modecenterstrasse 22 A-1030 Wien phone: +43 1 79 777-210
FAX: +43 1 79 777-602 mail: [email protected] WWW: www.semperitgroup.com ISIN: AT0000785555 indexes: WBI, ATX PRIME, ATX GP stockmarkets: Wien language: English
Aussendung übermittelt durch euro adhoc The European Investor Relations Service
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