Brief: Semperit Holding 9-month EBITDA down 4.2 pct at 72.2 mln euros
17/11/2016 06:30
Nov 17 (Reuters) - Semperit Holding AG SMPV.VI :
* In first three quarters of 2016, group's revenue was at
647.6 million euros ($691.96 million), 6.4 pct below prior-year
value of 692.1 million euros
* 9-month EBIT also developed downward to 46.7 million
euros, compared with 53.9 million euros in previous year
* For Q4 of 2016, Semperit expects no significant changes of
market conditions
* This results in a forecast decline in EBITDA by
approximately 10 pct and in EBIT by approximately 20 pct for
overall financial year of 2016
* 9-month group's EBITDA decreased by 4.2 pct to 72.2
million euros (after 75.4 million euros)
* Due to negative foreign currency effects and higher
interest costs, 9-month earnings after tax fell from 40.1
million euros to 23.4 million euros
* Semperit confirms outlook updated on Sept. 20
* Operational results of 2016 of Semperit Group will be well
below results of 2015 (restated values)
* Generally low demand in industrial sector is expected to
continue due to economic situation
Source text for Eikon: ID:nEuKQ72a
Further company coverage: SMPV.VI
($1 = 0.9359 euros)
(Gdynia Newsroom)
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