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EANS-Adhoc: Semperit AG Holding / Record Revenue and Second Best Result in the Firm's History in Fiscal Year 2012

Geschrieben am 21-03-2013

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ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
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announcement.
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Financial Figures/Balance Sheet/annual report
21.03.2013

* Record revenue of EUR 829 million despite a challenging market
environment * Second best result in the firm's history underpinned by
a strong Industrial Sector * Sempermed on growth path with Latexx
Partners acquisition * Dividend proposal of EUR 0.80 per share,
unchanged from the previous year

Vienna, 21 March 2013 - The publicly listed Semperit Group generated
record revenues of EUR 828.6 million in fiscal 2012 (up 1.0% from EUR
820.0 million in 2011), the second best result in the company's
history. This development was supported by a very strong performance
in the Industrial Sector. Despite a difficult market situation,
market shares have been expanded and profitability significantly
increased. All segments of the Industrial Sector achieved clear
double-digit EBITDA and EBIT margins. In contrast, the Medical Sector
was affected by some one-time items and burdened by a difficult
competitive environment.

Due to the strong development of the Industrial Sector, the weaker
result in the Medical Sector could largely be offset. At EUR 108.7
million, the Group's consolidated EBITDA came close to the previous
year's EUR 110.0 million. Due to increased depreciation resulting
from the current expansionary course, consolidated EBIT showed a
decrease of 9.8% to EUR 72.5 million, compared to EUR 80.4 million in
2011. The EBITDA margin declined slightly in 2012 from 13.4% to
13.1%, the EBIT margin fell from 9.8% to 8.8%. Semperit achieved a
net result (earnings after tax) of EUR 46.2 million, a decrease of
10.7% compared to EUR 51.8 million in 2011.

"With the successful acquisition of Latexx Partners Berhad in 2012,
we have met a major milestone in the implementation of our growth
strategy and enhanced our global presence in the important growth
region of Asia significantly. In addition, we have achieved our goal
of increasing our market share in business segments strategically
important to us," said Semperit CEO Thomas Fahnemann, summarising the
fiscal year 2012. "Of particular note is the development in the hose
segment, where Semperflex was able to improve profitability in 2012
despite a difficult market environment. The conveyor belt segment
Sempertrans also continued its positive earnings development in a
sustainable way."

Through the acquisition of Latexx Partners, total assets of the
Semperit Group increased by about a third in 2012, from EUR 616.7
million to EUR 824.5 million. This increase in total assets resulted
in a decrease in the equity ratio, which stood at 49.3% (following
61.5%) at the 2012 year end. On this basis, Semperit still possesses
a strong financial basis for further growth. Despite the cost of
purchasing Latexx Partners, cash and cash equivalents increased by
36.2% to EUR 133.3 million (following EUR 97.9 million).

"Even after the major acquisition of Latexx Partners, we find
ourselves on an extremely sound financial footing. The continuation
of our growth course is therefore well secured. Despite the slight
decline in earnings, we are proposing a dividend of EUR 0.80 per
share, unchanged from the previous year," said Semperit CFO Johannes
Schmidt-Schultes. Based on the share price at the end of 2012, this
results in a dividend yield of 2.6%.

High profitability for the Industrial Sector in 2012 In 2012, the
Industrial Sector (the Semperflex, Sempertrans, and Semperform
segments) showed a strong earnings growth. Despite a decline in
revenue of 0.8% to EUR 445.1 million, this sector's EBITDA increased
by 9.6% to EUR 80.2 million, thus achieving its most profitable year
ever. The Industrial Sector has benefited from its excellent sales
performance and from measures taken to optimise production and
material usage, as well as from earlier investments.

Despite difficult economic conditions, the Semperflex segment was
able to continue seamlessly the record-setting revenues of 2011.
Business in Europe and the U.S. was better than in Asia, where the
market was characterised by high inventories in China. Efficiency
gains in production, improved raw materials management, and flexible
adjustment of production capacity led to a significant increase in
profit.

The Sempertrans segment displayed a noticeably superior product mix
once again in 2012. The volume of distinct specialty textile and
steel conveyor belts continued to increase, while sales of standard
textile belts decreased. New projects were awarded in particular in
South America and in Africa. The turnaround initiated in 2011 was
further secured with significant increases in profit, and new market
niches have been successfully filled.

The Semperform segment recorded positive development in almost all
business units. Despite this positive operating performance, an
earnings decline was reported compared to 2011, due to an exceptional
gain in the prior year. Adjusted for the one-off effect, the 2012
result was at the same level as in the previous year.

Medical Sector burdened with one-time items in 2012 In the Medical
Sector (the Sempermed segment), sales increased to about 13.5 billion
gloves in 2012. Sales growth of 10% was recorded including Latexx
Partners (consolidated from 31 October, 2012).

Revenue increased by 3.2% to EUR 383.5 million, driven by volumes and
the Latexx Partners acquisition. Lower commodity prices were
reflected in lower revenue growth. In addition, positive volume
effects were offset by lower sales prices and intense competition.
One-time effects in Thailand (including the effects of storm damage
and start-up costs for the new facility in Surat Thani) also weighed
on earnings. EBITDA decreased by 6.5% to EUR 41.5 million.

Outlook for 2013 and multi-year goals The global economic situation
in the current financial year 2013 indicates no immediate upturn in
demand. Based on the expected economic recovery, positive dynamics
could materialise in the second quarter of 2013.

In the Medical Sector, the integration of Latexx Partners and the
increase of its capacity utilisation will be the main focus areas. In
the global glove market, price pressure due to overcapacity is
expected to persist in 2013.

In the Industrial Sector, with the exception of the Semperflex
segment, relatively stable demand is expected in the coming quarters.
The Sempertrans segment in particular is already producing at high
capacity. Medium-term growth for the segments of the Industrial
Sector is expected based on growth in the energy sector, the
resources sector, and the infrastructure sector.

Capital expenditures for replacement and growth (CAPEX) of around EUR
50 million are planned for the Semperit Group in the year 2013.

The growth objectives of the Semperit Group remain unchanged: the
years 2010 through 2015 should see double-digit sales increases on
average. Despite limited operational visibility, the Semperit Group
expects that substantial growth in sales is possible in 2013. This
increase in sales will mainly be driven by the full-year
consolidation of Latexx Partners. The target range for the Semperit
Group EBITDA margin for the coming years remains at 12% to 15%, with
EBIT margin targeted at 8% to 11%.

Based on a strong financial performance, approximately 30% of
earnings after tax are again expected to be distributed to
shareholders - a level unchanged from the previous year. Dividends
are anticipated to develop positively, broadly in line with the
consolidated Group results in future, barring any exceptional
developments.

The annual financial report for the year 2012 is available for
download at: www.semperitgroup.com/en/ir/publications/

About Semperit The publicly listed Semperit AG Holding company is an
internationally-oriented group that develops, produces, and sells
highly specialised rubber and plastic products for the medical and
industrial sectors: examination and surgical gloves, hydraulic and
industrial hoses, conveyor belts, escalator handrails, construction
profiles, cable car rings, and products for railway superstructures.
The headquarters of this long-standing Austrian company, which was
founded in 1824, are located in Vienna, and the global R & D centre
is in Wimpassing, Lower Austria. The Semperit Group employs about
9,600 people worldwide, including more than 7,000 in Asia and more
than 700 in Austria. The group has 22 manufacturing facilities
worldwide and numerous sales offices in Europe, Asia, and America. In
fiscal 2012, the group generated sales of EUR 829 million and an
EBITDA of EUR 109 million.

Further inquiry note:
Martina Büchele
Head of Group Communications
Tel.: +43 676 8715 8621
martina.buechele@semperitgroup.com

Clemens Taschée
Head of Group Accounting
Tel.: +43 (1)79 777-230
clemens.taschee@semperitgroup.com

Stefan Marin
Investor Relations
Tel.: +43 676 8715 8210
stefan.marin@semperitgroup.com

end of announcement euro adhoc
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issuer: Semperit AG Holding
Modecenterstrasse 22
A-1030 Wien
phone: +43 1 79 777-210
FAX: +43 1 79 777-602
mail: investor@semperitgroup.com
WWW: www.semperitgroup.com
sector: Synthetics & Plastics
ISIN: AT0000785555
indexes: WBI, ViDX, Prime Market
stockmarkets: free trade: Berlin, official market: Wien, stock market: Stuttgart,
Frankfurt
language: English


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