Semperit-HQ

Semperit earnings “significantly weaker than expected”

Vienna – Raw materials costs and operational issues will keep Semperit earnings below expectations in the second half of this year, the Austrian group’s board has concluded.

“Volatility of raw material prices as well as operational challenges, particularly in the Sempermed and Sempertrans segments,” Semperit said in a 9 Oct report.

Compared with first-half earnings – adjusted operational EBIT – of €6 million, the group “does not expect any significant improvement in the operational business for the third and fourth quarters of 2017 on the current basis.”

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