Vienna, Austria -Â Semperit Group announced a further improvement in sales and earnings in the first half of 2007. In the six months to June 2007, consolidated sales increased by 6.9 percent, to â‚¬303.6 million, while operating profit (EBIT) rose by 18.1%, to â‚¬29.6 million. Earnings before tax (EBT) climbed 20.1% in the same period, to reach a level of â‚¬ 31.3 million.
Semperit said all its divisions recorded better sales and earnings. The medical products business, Sempermed, reported a 4.9 percent increase in sales in the six monthperiod, to â‚¬ 107.8 million. Group sales were negatively affected by the weak US dollar. Earnings before tax amounted to â‚¬ 5.5 million, compared to EUR 3.5 million in the first half of the preceding year.
In the hose division, Semperflex, sales rose 10.4 percent in the period, to â‚¬ 83.7 million. Earnings before tax amounted to â‚¬ 10.7 million (previous year: â‚¬ 9.7 million). The strength of the Thai baht against the US dollar had a dampening effect on Semperflex's business in the USA. In addition, Semperflex faced price increases for several raw materials.
Semperit's general rubbber goods business, Semperform, saw sales increase 5.6 percent, to â‚¬ 55.6 million. Earnings before tax amounted to â‚¬ 8.3 million (previous year: â‚¬ 7.6 million). Once again, seal profiles for windows and facades as well as the sale of handrails in China served as the growth drivers.
The Sempertrans division - which makes conveyor belts - profited from healthy demand from the mining industry. In the first half of 2007, sales increased by 7.2 percent, to â‚¬ 56.5 million. All subsidiaries of the Sempertrans division reported improved earnings, which contributed to earnings before tax totalling â‚¬ 5.9 million (previous year: â‚¬ 4.9 million).
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Press release from Semperit