On the other hand, the group was impacted by low demand in “economically sensitive” markets, rising energy and raw material costs, and weak sales prices in the Sempermed medical and examination glove business.
Semperit’s Industrial Sector unit produces hydraulic and industrial hoses, conveyor belts, escalator handrails, construction profiles, cable car rings, and products for railway superstructures.
First half revenues from the Industrial Sector rose 3.7 percent to €269.0 million, while EBITDA climbed 2.3 percent to €52.3 million. The performance was partly helped by the integration of the German profiles manufacturer Leeser.
Sales at the Sempermed medical segment fell 11.4 percent to €169.7 million on price pressure and "the focus on high-margin customer relationships." EBITDA dropped 32.0 percent to €7.9 million.
Sempermed was also impacted by the “burdening influences” of the cooperation with Thai joint venture partner Sri Trang, and non-recurring costs from an ongoing capacity expansion in Malaysia.