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8:59 | 18.02.2010
DJ EANS-Adhoc: SEMPERIT AG HOLDING / PRELIMINARY RESULTS FOR SEMPERIT AG HOLDING FOR 2009: MARKED IMPROVEMENT OF RESULTS DESPITE ECONOMIC CRISIS
DJ EANS-Adhoc: SEMPERIT AG HOLDING / PRELIMINARY RESULTS FOR SEMPERIT AG HOLDING FOR 2009: MARKED IMPROVEMENT OF RESULTS DESPITE ECONOMIC CRISIS
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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.
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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 +23.8
Although 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
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(END) Dow Jones Newswires February 18, 2010 02:59 ET (07:59 GMT) |
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