17.03.2016,
8630 Zeichen
Corporate news transmitted by euro adhoc. The issuer/originator is solely
responsible for the content of this announcement.
annual result
Earnings after tax up 22.6% to EUR 46.4 million\nDividend proposal: EUR 1.20 dividend per share (after EUR 1.10 excl. special\n dividend) - Mostly stable business development expected in 2016 in a
persistently challenging environment
The publicly listed Semperit Group showed a positive revenue and earnings
development in 2015 in spite of an increasingly difficult market environment.
Revenue rose 6.6% year-on-year to EUR 914.7 million. Earnings after tax
increased by 22.6% to EUR 46.4 million following EUR 37.8 million. Revenue per
share rose by 22.1% to EUR 2.26 (after EUR 1.85).
This growth in revenue and earnings can be attributed to both the Industrial
and the Medical Sectors with strong distribution performances and sales growth.
In addition, capacity expansion, the increased global presence and the
successful integration of the German profile manufacturer Leeser acquired in
2015 showed positive effects. Volume growth more than compensated for negative
price effects related to decreased raw material prices.
"In 2015 we achieved important milestones in implementing our growth
strategy. In the Industrial Sector we clearly outperformed the market and
gained market share. This is even more encouraging since we were again
confronted with a difficult market environment. In the Medical Sector we
increased profitability by introducing optimisation measures," Semperit CEO
Thomas Fahnemann sums up. "We have strengthened our global presence and have
grown profitably by entering into new markets and customer groups. In addition,
we have set the course for further growth by acquiring the profile manufacturer
Leeser and expanding the capacity in our facilities," Fahnemann adds.
Semperit invested a total of EUR 71.8 million in 2015 (2014: EUR 67.4
million) to expand and modernise its production plants. Even after the
optimisation of the capital structure and the related payment of the special
dividend in May 2015, Semperit boasted a sound capital basis as reflected by
its equity ratio of 38.7% at the reporting date of December 31, 2015 (2014:
53.7%). Cash and cash equivalents amounted to EUR 126.4 million at the end of
2015 compared to EUR 115.6 million at the end of 2014. "In 2015 we continued to
optimise our financial structure by borrowing capital at highly attractive
conditions. We have a solid balance sheet structure and generate stable cash
flows from our operating business. We are optimally financed in the long term
and well prepared for our further growth course. Therefore we are able to
finance our ongoing investment programme out of our own resources and at the
same time pay an attractive dividend to our shareholders," states Semperit CFO
Johannes Schmidt-Schultes. The Management Board will therefore propose a
dividend of EUR 1.20 per share for 2015 to the Annual General Meeting, which is
an increase of EUR 0.10 (2014: basic dividend of EUR 1.10 + special dividend of
EUR 4.90/share). The pay-out ratio is at 53.2% after 59.6% excluding the
special dividend for 2014.
Industrial Sector: Strong performance despite declining total market The
Industrial Sector (the Semperflex, Sempertrans and Semperform segments) showed
a very positive development contrary to the market trend.
The Semperflex segment generated sales increases and high profitability
thanks to excellent production and sales performances in a declining market.
The new production capacities in Europe's largest hose factory in Odry, Czech
Republic, were well utilised. In the Sempertrans segment, the global sales
initiative led to significant increases in revenue and earnings in a generally
stagnating market. The new capacities put into operation at the end of third
quarter in the conveyor belt factory in Be?chatów, Poland, were also well
utilised. The Semperform segment showed a double-digit increase in revenue and
earnings despite a difficult market environment in important target markets.
This is primarily due to the successful acquisition and integration of the
German profile manufacturer Leeser as well as the increase in market share in
the global handrail business.
Revenue of the Industrial Sector rose 9.1% to EUR 521.0 million in 2015.
EBITDA climbed 7.8% to EUR 94.9 million. The EBITDA margin amounted to 18.2%
compared to 18.4% in 2014, while the EBIT margin improved to 15.1% after 13.9%
in the previous year.
Medical Sector: Improved profitability in the course of the year The Medical
Sector (Sempermed segment) generated higher sales volumes in 2015 by increasing
its sales activities. Process optimisations and efficiency enhancements led to
a significant improvement of profitability in the course of 2015, which was
offset by negative price effects due to lower raw material prices as well as
upfront costs for the new factory in Malaysia.
Revenue of the Medical Sector rose 3.4% to EUR 393.7 million in 2015. EBITDA
declined by 4.4% to EUR 32.1 million. The EBITDA margin amounted to 8.1% (after
8.8%), while the EBIT margin rose to 5.1% compared to 4.6% in 2014.
In summary, the Semperit Group generated EBITDA of EUR 100.6 million in
2015, down 1.3%. EBIT increased by 11.6% to EUR 71.2 million. The EBITDA margin
of 11.0% (2014: 11.9%) and the EBIT margin of 7.8% (2014: 7.4%) remained at a
solid level.
Outlook 2016 In 2016, Semperit expects no significant changes of the market
conditions compared to 2015. The generally low demand in the Industrial Sector
in 2015 is expected to continue in 2016 due to the economic situation. In
particular in Eastern Europe and Russia, no economic upturn is to be expected.
Neither does the industrial capital investment cycle in China show any signs of
an upturn. However, the demand in the economically insensitive Medical Sector
is expected to develop steadily with a market growth of 5% to 6%.
Nevertheless, Semperit has started the year 2016 with a certain amount of
confidence and expects a largely stable development in 2016 compared to 2015.
In the first months of 2016 Semperit has seen a continuing good order situation
due to intensive marketing and sales activities in the Industrial Sector. The
Medical Sector will profit from the step-by-step commissioning of new
production capacities in Kamunting, Malaysia, in 2016 and beyond.
The Semperit Group will continue its growth strategy consistently in 2016
and aims at achieving average double-digit volume growth (quantities sold) and
attractive earnings margins. The focus will be on the entering into new markets
in the Industrial Sector and the expansion and optimisation of existing
production capacities. In the Medical Sector the focus will be set on the
expansion of the glove production in Malaysia in addition to further production
optimisations, efficiency enhancements and marketing. Altogether, capital
investments (CAPEX) of approximately EUR 70 million are planned for 2016.
The results for the financial year 2015 are available for download at
www.semperitgroup.com/en/ir The Annual Report 2015 and the Annual Financial
Report 2015 will be available at www.semperitgroup.com/en/ir as of end of March
2016.
Photo download:
https://semperitgroup.picturepark.com/Go/wPXX3GzO
About Semperit The publicly listed company Semperit AG Holding is an
internationally-oriented group that develops, produces, and sells in more than
100 countries highly specialised rubber products for the medical and industrial
sectors: examination and surgical gloves, hydraulic and industrial hoses,
conveyor belts, escalator handrails, construction profiles, cable car rings,
and products for railway superstructures. The headquarters of this
long-standing Austrian company, which was founded in 1824, are located in
Vienna. The Semperit Group employs more than 7,000 people worldwide, including
close to 4,100 in Asia and more than 800 in Austria (Vienna and production site
in Wimpassing, Lower Austria). The Group has 22 manufacturing facilities
worldwide and numerous sales offices in Europe, Asia, Australia and America. In
2015 the group generated sales of EUR 915 million and an EBITDA of EUR 101
million.
end of announcement euro adhoc
company: Semperit AG Holding
Modecenterstrasse 22
A-1030 Wien
phone: +43 1 79 777-210
FAX: +43 1 79 777-602
mail: investor@semperitgroup.com
WWW: www.semperitgroup.com
sector: Synthetics & Plastics
ISIN: AT0000785555
indexes: WBI, ATX Prime, ViDX, Prime Market, ATX Global Players
stockmarkets: official market: Wien
language: English
Digital press kit:
http://www.ots.at/pressemappe/2918/aom
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Semperit
Akt. Indikation: 11.62 / 11.74
Uhrzeit: 10:49:23
Veränderung zu letztem SK: 0.69%
Letzter SK: 11.60 ( 1.05%)
Bildnachweis
1.
Semperit-HV. Dienstag 29.4.2014. Tech-Gate
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