Brief: Semperit Expects 2020 Result To Be Significantly Higher Than In 2019
03/07/2020 10:50
July 3 (Reuters) - SEMPERIT AG HOLDING SMPV.VI :
* ANNUAL RESULT FOR 2020 IS EXPECTED TO BE SIGNIFICANTLY
HIGHER
THAN IN PREVIOUS YEAR
* RESULTS OF MEDICAL SECTOR WILL BE SIGNIFICANTLY HIGHER IN
2020
COMPARED TO PREVIOUS YEAR'S LEVEL
* EMERGING EFFECTS OF GLOBAL PANDEMIC ARE CONSIDERED TO BE
LIMITEDLY SUSTAINABLE
* DECISION OF 28 JANUARY 2020, ACCORDING TO WHICH SEMPERIT
WILL
FOCUS ON INDUSTRIAL RUBBER BUSINESS IN FUTURE AND SEPARATE FROM
MEDICAL BUSINESS, IS STILL VALID
* BASED ON CURRENT FIGURES, EBITDA OF SEMPERIT GROUP FOR
FULL YEAR
IS CURRENTLY EXPECTED TO BE SIGNIFICANTLY HIGHER THAN PREVIOUS
YEAR'S FIGURE (2019: EUR 67.8 MILLION)
* UNFORESEEABLE DURATION OF CORONA CRISIS AND ITS IMPACT ON
GLOBAL
ECONOMY MAKE IT DIFFICULT TO PROVIDE RELIABLE FORECASTS
REGARDING FINANCIAL EFFECTS ON SEMPERIT GROUP
* REVIEWS EXISTENCE OF INDICATORS FOR A REVERSAL OF PAST
IMPAIRMENT LOSSES OR IMPAIRMENT LOSSES IN MEDICAL OR INDUSTRIAL
SECTOR RESPECTIVELY
* CURRENTLY EXPECTS AN EBIT OF EUR 110.0 TO 160.0 MILLION
(2019:
EUR -16.5 MILLION) FOR FULL YEAR 2020
Source text for Eikon: ID:nAPA91dmPy
Further company coverage: SMPV.VI
(Gdansk Newsroom)
((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))