Semperit sees “clear progress” with improved results

Vienna – Austrian rubber engineering group Semperit AG has reported improved results for the first nine months of 2018, with earnings (EBITDA adjusted for negative one-off effects), up 39.1% year-on-year at €45.8 million.

Revenues were stable at €670 million, the Vienna-based company added in a 21 Nov financial statement.

“We see clear progress, which manifests itself particularly in the industrial sector,” said Martin Fuellenbach, chairman of Semperit AG Holding.

The improvement in operating results, said Fuellenbach, was due to a restructuring programme launched at the start of the…

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