Brief: Semperit Holding FY adj EBIT down to 49.0 million euros
10/03/2017 06:30
March 10 (Reuters) - Semperit Holding AG SMPV.VI :
* FY revenue at 852.4 million euros ($903.12 million) (-6.8 percent) below prior-year's
level
* FY earnings after tax amounted to -8.8 million euros and earnings per share to -0.43 euro
* Management board will propose a dividend of 0.70 euro per share (2015: 1.20 euro per
share) for 2016 to annual general meeting
* FY adjusted EBIT at 49.0 million euros also showed a downward trend compared to previous
year at 66.7 million euros
* FY earnings after tax amounted to -8.8 million euros and earnings per share to -0.43 euro
* For 2017, expects a largely stable sales development with good capacity utilisation and
positive one-off effects on earnings in connection with joint venture transaction
* Continues to expect a cash inflow from joint venture transaction of around $200 million
(around 187 million euros) before taxes
* Strategic orientation will remain unchanged in 2017
* Adjusted EBIT (without one-off effects from joint venture transaction) for financial year
2017 will be below adjusted EBIT of 2016 (49 million euros)
* Capital expenditures (CAPEX) of around 80 million - 90 million euros (2016: 65 million
euros) have been planned for 2017
Source text for Eikon: ID:nEuCJ18a
Further company coverage: SMPV.VI
($1 = 0.9438 euros)
(Gdynia Newsroom)
((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))