SIMONA AG — Earnings Release 2014

Apr 29, 2014

News Details

Ireland | 29 April 2014 11:30

SIMONA Group in Q1 2014: Growth in revenue – Earnings need boost

SIMONA Aktiengesellschaft / Release of an announcement according to Article 37x of the WpHG [the German Securities Trading Act]

29.04.2014 11:30

Interim report according to Article 37x of the WpHG, transmitted by
DGAP - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Kirn, 29/04/2014. The SIMONA Group is satisfied to some extent with the
direction taken by revenue in the first quarter of 2014. Sales revenue was
propelled forward by 11.6 per cent year on year to EUR77.1 million (prev.
year: EUR69.1 million). Acquired in January 2014, Laminations Inc.,
Archbald, PA, USA, has been included in the consolidated figures for the
first time.

The Group recorded slight gains in its core market, Europe. It also saw a
marginal improvement in revenue and sales volumes in Asia.

In the first quarter, SIMONA benefited from slightly more favourable market
conditions in terms of investment spending directed at machinery and
equipment. The product category comprising finished and semi-finished parts
saw a significant increase in revenue relating to sheets made of PE and
PVC. Business centred around fluoropolymer sheets used in high-end
applications also generated some forward momentum. The product area
encompassing pipes and fittings recorded revenue growth in almost all
categories.

The acquisition of Laminations was financed by company funds. Beyond this,
there were no significant changes to the financial situation of the SIMONA
Group compared to the year-end 2013.

In the first quarter of 2014, the Group generated EBIT of EUR1.7 million
(prev. year: EUR2.0 million), with an EBIT margin of 2.2 per cent (prev.
year: 2.9 per cent). Earnings were diluted by non-recurring costs relating
to the acquisition of Laminations and by the effects of foreign exchange
rates.

For the full 2014 financial year, the SIMONA Group is targeting revenue in
excess of EUR300 million and EBIT of more than EUR10 million.

The Management Board

29.04.2014 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language: English
Company: SIMONA Aktiengesellschaft
Teichweg 16
55606 Kirn an der Nahe
Germany
Internet: www.simona.de

End of Announcement DGAP News-Service

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