Brief: Semperit Holding Outlook For 2022 Annual Result Significantly Below Market Expectations Due To Geopolitical Situation

Semperit Holding AG

09/03/2022 12:43

March 9 (Reuters) - SEMPERIT HOLDING AG  SMPV.VI :
    * OUTLOOK FOR 2022 ANNUAL RESULT SIGNIFICANTLY BELOW MARKET
EXPECTATIONS DUE TO GEOPOLITICAL SITUATION
    * DUE TO RUSSIA-UKRAINE CONFLICT AND RELATED RESTRICTIVE
MEASURES
AND IMPONDERABLES, SEMPERIT GROUP EXPECTS MATERIAL BOTTLENECKS
AS WELL AS SIGNIFICANT PRICE INCREASES FOR RAW MATERIALS,
INTERMEDIATE GOODS, ENERGY AND TRANSPORT SERVICES
    * AGAINST THIS BACKGROUND, 2022 ANNUAL RESULT OF SEMPERIT
GROUP IS
EXPECTED TO BE SIGNIFICANTLY BELOW AVERAGE MARKET EXPECTATIONS
(CURRENTLY AT AN EBITDA OF EUR 100-120 MILLION)
    * IN ADDITION, GEOPOLITICAL AND MARKET-RELATED DEVELOPMENTS
WILL
POSSIBLY LEAD TO FRICTIONS IN PRODUCTION AT EUROPEAN SITES AND
SUBSEQUENTLY TO DELIVERY DELAYS AND CONSTRAINTS
    * EXACT FINANCIAL IMPACT ON SEMPERIT GROUP'S EXPECTED ANNUAL
RESULT CANNOT BE ESTIMATED AT THIS POINT IN TIME

Source text for Eikon:  ID:nEQc3RDrga 
Further company coverage:  SMPV.VI 

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