Outlook for 2022 annual result significantly below market expectations due to geopolitical situation
Vienna, Austria, 9 March 2022, 13:40 h —
Due to the Russia-Ukraine conflict and the related restrictive measures and imponderables, the Semperit Group expects material bottlenecks as well as significant price increases for raw materials, intermediate goods, energy and transport services. In addition, geopolitical and market-related developments will possibly lead to frictions in production at the European sites and subsequently to delivery delays and constraints.
Against this background, the 2022 annual result of the Semperit Group is expected to be significantly below average market expectations (currently at an EBITDA of EUR 100-120 million). The exact financial impact on the Semperit Group's expected annual result cannot be estimated at this point in time.
The publicly listed company Semperit AG Holding is an internationally oriented group that develops and produces highly specialised rubber products for the industrial and medical sectors, selling them in over 100 countries around the world: hydraulic and industrial hoses, conveyor belts, escalator handrails, construction profiles, cable car rings, products for railway superstructures, and examination and surgical gloves. Founded in 1824, this long-standing Austrian company has its headquarters in Vienna, Austria. The Semperit Group employs around 7,000 people worldwide, including some 3,800 in Asia and approximately 900 in Austria (Vienna and production site Wimpassing, Lower Austria). The group has 15 manufacturing facilities worldwide and numerous sales offices in Europe, Asia, Australia, and America. In 2020, the group generated revenue of EUR 927.6 million and an EBITDA of EUR 208.6 million.
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Director Group Brand Management (Interim), Corporate Spokesperson