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Semperit Holding AG (SMPV.VI)

SMPV.VI on Vienna Stock Exchange

27.18EUR
26 May 2017
Change (% chg)

€0.11 (+0.41%)
Prev Close
€27.07
Open
€27.08
Day's High
€27.19
Day's Low
€26.59
Volume
11,155
Avg. Vol
30,094
52-wk High
€31.50
52-wk Low
€23.70

Latest Key Developments (Source: Significant Developments)

Semperit Holding Q1 earnings after tax up to EUR 62.8 mln
Tuesday, 16 May 2017 01:07am EDT 

May 16 (Reuters) - SEMPERIT HOLDING AG ::REVENUE IN Q1 2017 INCREASED BY 4.5% TO EUR 229.3 MILLION * HIGH GROWTH IN EARNINGS DUE TO SUCCESSFUL TERMINATION OF JOINT VENTURE.Q1 EBITDA ROSE TO EUR 94.4 MILLION (AFTER EUR 26.7 MILLION IN Q1 2016), WHILE EBIT INCREASED TO EUR 86.4 MILLION (AFTER EUR 18.6 MILLION).Q1 EARNINGS AFTER TAX INCREASED TO EUR 62.8 MILLION (AFTER EUR 10.1 MILLION), WHILE EARNINGS PER SHARE ROSE TO EUR 3.06 (AFTER EUR 0.49).TOTAL CAPITAL EXPENDITURES (CAPEX) OF AROUND EUR 80-90 MILLION (2016: EUR 65 MILLION) HAVE BEEN PLANNED FOR 2017.RECORDED HIGH POSITIVE ONE-OFF EFFECTS IN Q1 OF 2017 DUE TO TERMINATION OF ALMOST ALL JOINT VENTURE ACTIVITIES WITH THAI SRI TRANG AGRO-INDUSTRY PUBLIC CO LTD GROUP.DUE TO LIMITED VISIBILITY, AN OUTLOOK FOR FINANCIAL YEAR 2017 CAN STILL NOT BE PROVIDED.NEGATIVE EARNINGS EFFECTS WERE RECORDED DUE TO HIGHER RAW MATERIAL PRICES.ASSUMES WEAK MARKET DEVELOPMENT OF Q1 OF 2017 MIGHT PARTIALLY CONTINUE IN UPCOMING REPORTING PERIODS, SO THAT CONSIDERABLE NEGATIVE EFFECTS ON OPERATIONAL RESULTS IN COMPARISON WITH PREVIOUS YEAR MUST BE EXPECTED.  Full Article

Semperit Holding says CTO Richard Ehrenfeldner steps down
Friday, 14 Apr 2017 06:23am EDT 

Semperit Holding AG :Supervisory board and long-standing chief technical officer of company, Richard Ehrenfeldner, have reached a mutual agreement on terminating Ehrenfeldner's board activity as of 15 April 2017.  Full Article

Semperit Holding says very weak result expected for Q1
Monday, 10 Apr 2017 10:01am EDT 

Semperit Holding AG : Operating business development of Semperit Group is expected to lead to a very weak result in Q1 of 2017 . Management board came to conclusion that out of this market development a considerable negative impact on operating earnings compared with previous year can also be expected for next months to come . These developments have prompted management board to change outlook for 2017. Due to limited visibility, outlook for 2017 has been suspended . Adjusted EBIT for 2017 financial year (without one-off effects from joint venture transaction) will therefore be significantly below adjusted EBIT of 2016 (41 million euros after deduction of the earnings contribution from the ThaiSSC / Siam Sempermed Corporation Ltd.) .Furthermore, management board has decided today to review measures for profitability enhancement and it strategy.  Full Article

Semperit Holding: Martin Fuellenbach to be new CEO of Semperit
Monday, 27 Mar 2017 05:26am EDT 

Semperit Holding AG :Martin Fuellenbach to be new CEO of Semperit.  Full Article

Semperit and Sri Trang finalise termination of almost all JV activities
Wednesday, 15 Mar 2017 08:00am EDT 

Semperit Holding AG : Semperit and Sri Trang finalise termination of almost all joint venture activities .Semperit received a one-time compensation payment of $167.5 million before taxes and dividend payment of c. $51 million before taxes from former JV SSC.  Full Article

Semperit Holding: resignation of CEO Thomas Fahnemann
Wednesday, 15 Mar 2017 06:15am EDT 

Semperit Holding AG : Resignation of CEO Thomas Fahnemann .Decision on his succession as CEO will be taken in coming weeks.  Full Article

Semperit Holding FY adj EBIT down to 49.0 million euros
Friday, 10 Mar 2017 01:37am EST 

Semperit Holding AG : FY revenue at 852.4 million euros ($903.12 million) (-6.8 percent) below prior-year's level . FY earnings after tax amounted to -8.8 million euros and earnings per share to -0.43 euro . Management board will propose a dividend of 0.70 euro per share (2015: 1.20 euro per share) for 2016 to annual general meeting . FY adjusted EBIT at 49.0 million euros also showed a downward trend compared to previous year at 66.7 million euros . FY earnings after tax amounted to -8.8 million euros and earnings per share to -0.43 euro . For 2017, expects a largely stable sales development with good capacity utilisation and positive one-off effects on earnings in connection with joint venture transaction . Continues to expect a cash inflow from joint venture transaction of around $200 million (around 187 million euros) before taxes . Strategic orientation will remain unchanged in 2017 . Adjusted EBIT (without one-off effects from joint venture transaction) for financial year 2017 will be below adjusted EBIT of 2016 (49 million euros) .Capital expenditures (CAPEX) of around 80 million - 90 million euros (2016: 65 million euros) have been planned for 2017.  Full Article

Semperit Holding and Sri Trang: demerger of the JV Siam Sempermed
Wednesday, 18 Jan 2017 06:00am EST 

Semperit Holding AG : Semperit AG Holding and Sri Trang sign an agreement on the demerger of the joint venture Siam Sempermed . Significant one-time accounting effects in 2016/2017 . Semperit will take over the joint Sempermed distribution company in the USA as well as production companies of the Industrial Sector in China . Sri Trang will take over the joint glove production in Thailand . The Semperflex joint venture in Thailand will be continued . Semperit will receive a compensation payment amounting to $167.5 million (about 157 million euros) before taxes . Together with the demerger, there will be a settlement of the arbitration proceedings and the legal disputes by mutual agreement . There will be negative special effects of about 30 million to 40 million euros ($32.03 million - $42.71 million) in the consolidated financial statement of 2016 . There will be positive special effects of about 100 million to 115 million euros at closing in 2017 .Closing of the transaction is expected for march 2017.  Full Article

Semperit Holding appoints Frank Gumbinger as CFO
Thursday, 1 Dec 2016 06:46am EST 

Semperit Holding AG :Has appointed Frank Gumbinger as Chief Financial Officer for three years - until Dec. 31, 2019 - as of Dec. 1, 2016.  Full Article

Semperit Holding 9-month EBITDA down 4.2 pct at 72.2 mln euros
Thursday, 17 Nov 2016 01:30am EST 

Semperit Holding AG : In first three quarters of 2016, group's revenue was at 647.6 million euros ($691.96 million), 6.4 pct below prior-year value of 692.1 million euros . 9-month EBIT also developed downward to 46.7 million euros, compared with 53.9 million euros in previous year . For Q4 of 2016, Semperit expects no significant changes of market conditions . This results in a forecast decline in EBITDA by approximately 10 pct and in EBIT by approximately 20 pct for overall financial year of 2016 . 9-month group's EBITDA decreased by 4.2 pct to 72.2 million euros (after 75.4 million euros) . Due to negative foreign currency effects and higher interest costs, 9-month earnings after tax fell from 40.1 million euros to 23.4 million euros . Semperit confirms outlook updated on Sept. 20 . Operational results of 2016 of Semperit Group will be well below results of 2015 (restated values) .Generally low demand in industrial sector is expected to continue due to economic situation.  Full Article

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BRIEF-Semperit Holding Q1 earnings after tax up to EUR 62.8 mln

* REVENUE IN Q1 2017 INCREASED BY 4.5% TO EUR 229.3 MILLION * HIGH GROWTH IN EARNINGS DUE TO SUCCESSFUL TERMINATION OF JOINT VENTURE