Semperit downgrades business outlook for 2016

Vienna – Declines in its medical gloves and industrial products markets have forced Semperit Group into a downward revision of its business forecast for full-year 2016.

Semperit now expects its operational results to be “well below” the results in 2015, including earnings declines of about 10 percent for EBITDA and about 20 percent for EBIT, the Austrian group said 20 Sept.

The downgrade, it explained, was “due to the continuous difficult situation in the Medical Sector and the cyclical decreasing demand in the Industrial Sector, especially in…

To read more,please login or register below.

This is the first step to more free
content, user offers, subscriptions
and more.
Log in here using the Email Address
and Password you signed up with