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Semperit Holding AG (SMPV.VI)

SMPV.VI on Vienna Stock Exchange

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Latest Key Developments (Source: Significant Developments)

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

Semperit Holding says Chief Information Officer Declan Daly terminates board activity
Friday, 30 Sep 2016 11:30am EDT 

Semperit Holding AG : Chief information officer Declan Daly terminates board activity with semperit .Declan Daly informed he does not intend to renew his current contract for another term after May 2017.  Full Article

Semperit Holding H1 EBIT stable at EUR 36.2 million
Thursday, 18 Aug 2016 01:34am EDT 

Semperit Holding AG : H1 EBIT was stable in comparison with previous year at 36.2 million euros ($40.93 million) (after 36.2 million euros) . Expects no significant changes of market conditions for second half of 2016 . Capital investments (capex) of approximately 60 million euros are planned for 2016 . Group revenue amounted to 438.7 million euros in first half of 2016 and was slightly below previous year's figure of 450.8 million euros . H1 improved group's EBITDA by 4.8 pct to 52.8 million euros (after 50.3 million euros) . From current perspective, Semperit group is not capable of achieving operational results of 2015 due to unsatisfactory income contribution of Sempermed segment .Enerated earnings after taxes amounting to 17.9 million euros (after 25.3 million euros) in first half of 2016.  Full Article

Semperit Holding: partial award was rendered in the arbitration proceedings against SSC
Monday, 6 Jun 2016 01:51am EDT 

Semperit AG Holding : Said on Friday that partial award was rendered in the arbitration proceedings against SSC .As already reported, Semperit Group is involved in arbitration proceedings against its Thai joint venture partner, Sri Trang-Agro Industry Public Co Ltd. Group and the joint venture company Siam Sempermed Corporation Ltd. (SSC).  Full Article

Semperit Q1 EBIT up 22 pct at EUR 18.6 million
Thursday, 19 May 2016 01:39am EDT 

Semperit Holding AG : Semperit slightly increases revenue to 219.5 million euros ($246.08 million) in Q1 2016 . Q1 EBITDA (+22.3 pct) and EBIT (+22.2 pct) significantly higher . Q1 EBIT increased by 22.2 pct to 18.6 million euros (after 15.2 million euros) . Q1 improved group's EBITDA by 22.3 pct to 26.7 million euros (after 21.8 million euros) . In 2016, Semperit expects no significant changes of market conditions compared to 2015 . Looks at year 2016 with a certain amount of confidence and expects a largely stable development in 2016 compared to 2015 .Altogether, capital investments (CAPEX) of approximately 70 million euros are planned for 2016.  Full Article

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BRIEF-Semperit and Sri Trang finalise termination of almost all JV activities

* Semperit and Sri Trang finalise termination of almost all joint venture activities