Preliminary results 2010 for Semperit AG Holding: Record revenue and earnings achieved

Vienna, (PresseBox) - .
- Group revenue up 17.2% to EUR 689.4 million
- EBIT improved by 18.4% to EUR 82.4 million
- Positive outlook for 2011

The Semperit Group could achieve a new revenue and earnings record in 2010.

2010 preliminary 2009 Change in %

Revenue in EUR million 689.4 588.1 +17.2
EBITDA in EUR million 112.3 102.8 +9.2
EBIT in EUR million 82.4 69.6 +18.4
Net profit for the year in EUR million 45.4 38.8 +17.0
Earnings per share 2.21 1.89 +17.0

Based on a clearly improved level of demand, total revenue of the Semperit Group rose by 17.2% to EUR 689.4 million in the 2010 financial year. At the same time, despite massive price rises for the most important raw materials, the operating result (EBIT) could be increased by 18.4% to EUR 82.4 million, and the earnings before interest, tax, depreciation and amortization (EBITDA) also reached an all-time high of EUR 112.3 million (previous year: EUR 102.8 million). Net profit for the year and earnings per share rose by 17.0% to EUR 45.4 million or EUR 2.21 per share. This significant earnings improvement can be attributed to the considerable increase in sales volume and revenue as well as the cost reduction measures set in 2009.

Divisions

On the basis of ongoing good demand for high quality gloves, the Sempermed division increased its revenue by 16.6% to EUR 316.4 million. The particularly cyclically-dependent Semperflex division focusing on hose production clearly profited from the upturn of the global economy, with revenue up 38.1% to EUR 145.5 million. The Semperform division succeeded in improving revenue by 13.4% to EUR 109.4 million. A slight rise in revenue by 2.8% to EUR 118.1 million was generated by the Sempertrans division.

Outlook

Earnings for 2010 clearly show that Semperit not only coped well with the economic crisis, but implemented the right measures to be able to fully take advantage of the economic recovery to achieve further growth and strengthen the Group. On the basis of the positive economic forecasts and its strong competitive position, the management of the Semperit Group also expects a satisfactory rev-enue and earnings development in 2011 in spite of volatile raw material markets.

The final results will be published on March 22, 2011.

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