Semperit: Focus on industrial rubber - separation from medical business

28.01.2020, 12:37 h (Disclosed inside information / Adhoc Release)

Vienna, Austria, 28 January 2020 – Within its new strategic orientation, the Semperit Group will focus on the Industrial Sector in future and transform into an industrial rubber specialist. Consequently, the Executive Board as well as the Supervisory Board of Semperit AG Holding have decided to separate from the medical business.

In connection with the focus on the Industrial Sector, Semperit re-defines the target set at the beginning of the restructuring process (until now: EBITDA margin of approximately 10 percent from the end of 2020) and strives towards a higher EBITDA margin until the end of 2024, which will be oriented towards industrial peers. 

Contact:

Monika Riedel
Director Group Brand Management, Corporate Spokesperson
+43 676 8715 8620

Judit Helenyi
Director Investor Relations
+43 676 8715 8310

www.semperitgroup.com
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https://twitter.com/semperitgroup

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 around 7,100 people worldwide, including about 3,800 in Asia and around 900 in Austria (Vienna and production site in Wimpassing, Lower Austria). The Group has 14 manufacturing facilities worldwide and numerous sales offices in Europe, Asia, Australia, and America. In 2018, the group generated revenue of EUR 878.5 million and an adjusted EBITDA (without one-off effects) of EUR 50.3 million.


Contact

Monika Riedel
Director Group Brand Management, Corporate Spokesperson
T +43 1 79777-620