EQS-News: Semperit AG Holding Semperit successfully completes sale of medical business and focuses on growth in industrial core business

EQS-News: Semperit AG Holding / Key word(s): Disposal/Strategic Company
   Decision
   Semperit AG Holding Semperit successfully completes sale of medical
   business and focuses on growth in industrial core business

   31.08.2023 / 11:22 CET/CEST
   The issuer is solely responsible for the content of this announcement.

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   Semperit successfully completes sale of medical business and focuses on
   growth in industrial core business

    

     • Transformation into industrial rubber/elastomer specialist implemented
     • Payment of additional dividend of EUR 3.00 per share on 14 September
       2023

    

   Vienna, 31 August 2023 – The Semperit Group has successfully completed the
   sale of its medical business to the Southeast Asian glove manufacturer
   HARPS GLOBAL PTE. LTD. After receiving all regulatory approvals, the
   closing took place as planned today, 31 August 2023, in Vienna. The
   purchase price for the entire medical business agreed upon signing the
   contract in December 2022 amounted to EUR 115 million (cash and debt free)
   and was subject to usual price adjustment mechanisms; the final purchase
   price will be determined in each case retrospectively based on the interim
   balance sheet as of the closing date.

   “With the divestment of the medical business, we have implemented our
   transformation into an industrial rubber resp. elastomer specialist and
   will fully focus on the further development and expansion of our leading
   position in the core business for industrial polymer products in the
   future. This is where we see the greatest long-term potential for
   Semperit. An important growth step has already been taken with the
   acquisition of the Rico Group,” says Semperit CEO Karl Haider. “At the
   same time, we have found a responsible owner for the medical division in
   HARPS, which specialises in the glove business and thus expands its
   product portfolio and sales markets.”

   With the closing, the Semperit Group has disposed of the production of
   examination gloves and porcelain dip mouldings for the manufacture of
   gloves in Malaysia, as well as the global sales and distribution units, in
   line with its strategy. This does not include the production of surgical
   gloves in Wimpassing, Austria, and their packaging in Sopron, Hungary,
   which will continue contract manufacturing for HARPS for several years.

   Payment of additional dividend

   With the sale of the medical business, all conditions precedent for the
   entitlement to and payment of the additional dividend in the amount of EUR
   3.00 per share for the 2022 financial year have been fully met. The
   payment to shareholders will be made on 14 September 2023. As of 11
   September 2023, the shares of Semperit AG Holding will be traded ex
   additional dividend. The record date is 12 September 2023.

    

    

   Contact:

   Bettina Schragl                         Judit Helenyi
   Director Group Communications, IR       Director Investor Relations
   and     Brand Management / Spokeswoman   
   +43 676 8715 8257                       +43 676 8715 8310
   [1]bettina.schragl@semperitgroup.com    [2]judit.helenyi@semperitgroup.com

   [3]www.semperitgroup.com

   [4]www.linkedin.com/company/semperit-ag

    

   About Semperit
   The publicly listed Semperit AG Holding is an internationally oriented
   group of companies that develops and manufactures polymer products and
   sells them in over 100 countries worldwide with its two divisions,
   Industrial Applications and Engineered Applications. The Industrial
   Applications division focuses on industrial applications with highly
   efficient production and cost leadership; they include hydraulic and
   industrial hoses as well as profiles. The Engineered Applications division
   comprises escalator handrails, conveyor belts, cable car rings, other
   engineered elastomer products as well as the Rico Group and focuses on
   customised technical solutions. The traditional Austrian company was
   founded in 1824 and is headquartered in Vienna. At the end of 2022, the
   Group had 16 production sites worldwide and numerous sales offices in
   Europe, Asia, Australia and America. In the 2022 financial year, the Group
   generated sales of EUR 779.8 million and EBITDA of EUR 100.5 million in
   continued operations.

    

    

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   31.08.2023 CET/CEST This Corporate News was distributed by EQS Group AG.
   www.eqs.com

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   Language:    English
   Company:     Semperit AG Holding
                Am Belvedere 10
                1100 Wien
                Austria
   Phone:       +43 1 79 777-310
   Fax:         +43 1 79 777-602
   E-mail:      judit.helenyi@semperitgroup.com
   Internet:    www.semperitgroup.com
   ISIN:        AT0000785555
   Listed:      Vienna Stock Exchange (Official Market)
   EQS News ID: 1715995


    
   End of News EQS News Service


   1715995  31.08.2023 CET/CEST

References

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