Brief: Semperit Holding says very weak result expected for Q1
10/04/2017 15:01
April 10 (Reuters) - Semperit Holding AG SMPV.VI :
* Operating business development of Semperit Group is
expected to lead to a very weak result in Q1 of 2017
* Management board came to conclusion that out of this
market development a considerable negative impact on operating
earnings compared with previous year can also be expected for
next months to come
* These developments have prompted management board to
change outlook for 2017. Due to limited visibility, outlook for
2017 has been suspended
* Adjusted EBIT for 2017 financial year (without one-off
effects from joint venture transaction) will therefore be
significantly below adjusted EBIT of 2016 (41 million euros
after deduction of the earnings contribution from
the ThaiSSC / Siam Sempermed Corporation Ltd.)
* Furthermore, management board has decided today to review
measures for profitability enhancement and it strategy
Source text for Eikon: ID:nEuDJ28a
Further company coverage: SMPV.VI
(Gdynia Newsroom)
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