Semperit further increases forecast for annual result of 2020

Vienna, Austria, 25 September 2020, 11:47 h — Semperit AG Holding published an ad hoc release on 3 July of this year announcing an outlook with earnings significantly above those of the previous year. The earnings forecast will now be increased again. 

In addition to the positive effects from the medical business for the foreseeable future, the Industrial Sector has now also slightly recovered compared with earlier assumptions regarding the effects of the global recession and the developments surrounding the corona pandemic. Against this background and based on current figures, EBITDA of the Semperit Group for the full year is expected to range between EUR 165.0 and 200.0 million, thus exceeding the previous year’s value (2019: EUR 67.8 million) more clearly than assumed in July. Accordingly, EBIT of the Semperit Group for the full year 2020 will be between EUR 195.0 and 230.0 million (forecast in July 2020: EUR 110.0 to 160.0 million; EBIT 2019: EUR –16.5 million). The earnings forecast depends, in particular, on the further development of the price level for medical protective gloves and the sufficient availability of raw materials for their production.

The strategic landmark decision made in January to transform the Semperit Group into an industrial rubber specialist is still valid. However, in view of the extremely positive earnings contributions that the glove business is currently making in the context of the pandemic-related exceptional economic situation, Semperit will probably continue to run the medical division for at least nine more months before actively working on the decided separation from the medical business again.

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 industrial and medical sectors: hydraulic and industrial hoses, conveyor belts, escalator handrails, construction profiles, cable car rings, products for railway superstructures and examination and surgical gloves. The headquarters of this long-standing Austrian company, which was founded in 1824, are located in Vienna. The Semperit Group employs around 7,000 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 2019, the group generated revenue of EUR 840.6 million and an adjusted EBITDA (without one-off effects) of EUR 63.8 million.