Brief: Semperit: Impairment At Sempermed Segment

Semperit Holding AG

06/08/2018 16:19

Aug 6 (Reuters) - Semperit AG Holding  SMPV.VI :
    * IMPAIRMENT AT SEMPERMED SEGMENT
    * SEMPERIT - IDENTIFIED NEED FOR RECOGNISING AN IMPAIRMENT
LOSS
(PRE TAX) OF ABOUT EUR 55 MILLION AT SEMPERMED SEGMENT IN H1
    * BUSINESS DEVELOPMENT OF SEMPERMED IS CURRENTLY IN DECLINE
    * SEMPERIT - REASONS FOR THIS ARE MAINLY SEEN IN GROWING
COMPETITIVE AND PRICE PRESSURE, LIMITED AVAILABILITY, PRICE
INCREASES AND INEFFICIENCIES IN PRODUCTION
    * SEMPERIT GROUP'S EARNINGS AFTER TAX WILL BE NEGATIVE IN
2018
(2017: EUR -26.3MN)

Source text for Eikon:  ID:nEu3Xfwqj 
Further company coverage:  SMPV.VI 

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