Difficult markets, JV demerger impact Semperit results

Vienna – Semperit AG’s 2016 revenue was impacted by “persistently difficult market environment” in the medical sector, dropping 6.8% to €852.4 million, the company has reported.

Adjusted earnings (EBITDA without one-off effects) declined 14.1% year-on-year to €82.6 million while adjusted EBIT stood at €49.0 million, down from €66.7 million in 2015.

In a 10 March statement, the Austrian group said its industrial sector performed well against difficult market trends. The medical sector, however, suffered from one-off effects relating to the planned termination of the joint ventures with the Thai Sri…

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