ERJ staff report (BC)
Vienna – Semperit Group has reported the best half-year results in its history based on a significant rise in revenue and earnings.
Salient points in its financial statement for January-June 2013 are as follows:
• Revenue up 10.2 percent to €451.4m
• Double-digit growth in EBITDA (+21.9 percent) and EBIT (+16.5 percent)
• Medical and industrial sectors increase revenue, earnings and profitability in spite of challenging economic conditions
• Stable development expected in the second half-year 2013
Despite “negative” influences on global markets, group revenue climbed 10.2 percent from €409.8m in the prior-year period to €451.4m, says Semperit.
The group attributes “considerable” revenue and earnings growth to the integration of glove producer Latexx Partners, acquired in the previous year.
The industrial sector was negatively impacted by the weak economic environment, says Semperit, which claims to have counteracted this by entering new markets, strategic growth projects and “operational optimisations”, leading to higher revenue and earnings.
Group EBITDA rose 21.9 percent from €53.9m in the prior-year period to €65.8m in the first half of 2013. In spite of higher investment-related depreciation, EBIT was up 16.5 percent to €43.7m from €37.5m in the previous year. Accordingly, profitability also increased.
The EBITDA margin improved to 14.6 percent (H1 2012: 13.2 percent), and the EBIT margin increased to 9.7 percent (H1 2012: 9.2 percent). Earnings after tax (net result) improved by 18.3 percent to €28.2m, compared to €23.9m in the first half of 2012.
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