Brief: Semperit AG Holding Expects Negative Earnings After Taxes For 2017

Semperit Holding AG

24/01/2018 19:55

Jan 24 (Reuters) - Semperit AG Holding  SMPV.VI : 
    * MANAGEMENT BOARD OF SEMPERIT AG HOLDING  INTRODUCES A 
PHASE OF 
SUSTAINABLE RESTRUCTURING 
    * NEGATIVE EARNINGS AFTER TAXES EXPECTED FOR 2017 
    * NECESSITY OF RESTRUCTURING UNDERLINED BY FACT THAT A 
SINGLE-DIGIT NEGATIVE EBIT WILL BE REPORTED FOR LAST QUARTER OF 
2017 
    * SEMPERIT AG - DUE TO EXPECTED NEGATIVE EARNINGS AFTER TAX 
IN 
2017 AND ONGOING RESTRUCTURING, MANAGEMENT WILL NOT BE ABLE TO 
PROPOSE A DIVIDEND 
    * TERMINATION OF TRANSFORMATION OF SEMPERIT GROUP IS 
SCHEDULED 
FOR END OF 2020 
    * SEMPERIT AG- MANAGEMENT BOARD EXPECTS CONTINUOUS ONE-OFF 
EFFECTS AND RESTRUCTURING COSTS IN UPCOMING QUARTERS 
    * FROM THIS POINT OF TIME, SEMPERIT GROUP AIMS TO ACHIEVE 
AN 
EBITDA MARGIN OF APPROXIMATELY 10% AS A KEY CONTROLLING FIGURE 
    * FOR FINANCIAL YEAR 2018, INCREASED CONSULTING COSTS FOR 
SUPPORT 
OF IMPLEMENTATION ARE EXPECTED ASSUMED 
 
Source text for Eikon:  ID:nEu7Sff5Z  
Further company coverage:  SMPV.VI  
 
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