Management Reports • Oct 9, 2017
Management Reports
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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 09.10.2017
Vienna - In the course of a discussion of results today, the management board came to the conclusion that the operational earnings situation of the Semperit Group will remain below expectations in the second half of 2017. The operating result is mainly burdened by the volatility of raw material prices as well as operational challenges, particularly in the Sempermed and Sempertrans segments.
Compared with the adjusted operational EBIT for the first half of 2017 of EUR 6 million, we do not expect any significant improvement in the operational business for the third and fourth quarters of 2017 on the current basis.
Facing the current situation, the management board decided on a comprehensive analyses and strategy process which is expected to be completed in the second quarter of 2018 and will create ongoing expenses in this period. Subsequently, the resulting transformation process will be started.
Continuous and potentially new measures to increase profitability and to strengthen the balance sheet structure remain at the very top of the agenda of the management board. Therefore, further significant non-recurring charges in addition to already initiated steps and those partially still in implementation cannot be ruled out in the coming quarters.
Due to these developments, the outlook will remain suspended for the coming quarters.
Further inquiry note: Monika Riedel Group Head of 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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