Semperit-HQ

Semperit earnings remain weak despite higher income

Vienna – Semperit Group’s earnings (EBIT) for the first nine months of the year have declined 1.1% year-over-year to €46.1 million due in part to ‘one-off’ expenses related to restructuring at its conveyor belts segments.

The Austrian group announced 16 Nov that its revenue increased 3.5% for the nine months to end of September to €670m, compared to the same period in 2016.

Sales volumes increased in all segments but Sempertrans, the conveyor belts business of Semperit.

The decline in earnings, explained the Vienna-based rubber products manufacturer, was…

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