Semperit reports growth amid restructuring efforts

Vienna – Austrian rubber engineering group Semperit AG Holding has reported growth in the first half of 2018 despite a decline in revenue and amid operational restructuring.

In a 23 Aug financial report, the Vienna-based company said earnings (EBITDA adjusted for negative one-off effects) increased by 45.3% year-on-year to €32.7 million in the first half of the year.

This is while total revenue fell 2.8% to €448.5 million during the period.

The business development, said Semperit, was characterised by continuous global growth dynamics and favourable economic conditions in…

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