Raw materials costs hit Semperit business outlook

Vienna – Semperit Group is now expecting a “very weak” result and has suspended its business forecast for the first quarter of 2017, the Austrian gloves and industrial rubber products maker said 10 April.

Higher raw materials costs were only partially passed on to customers, and with a time lag, said Semperit. This, it forecast, will have “a considerable negative impact on operating earnings compared with the previous year over the coming months.”

Adjusted EBIT for the 2017 financial year – without one-off effects from its Thai…

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