EQS-News: Semperit with challenging first quarter of 2025 – recovery expected in the second half of the year

EQS-News: Semperit AG Holding / Key word(s): Quarter Results
   Semperit with challenging first quarter of 2025 – recovery expected in the
   second half of the year

   14.05.2025 / 07:30 CET/CEST
   The issuer is solely responsible for the content of this announcement.

   ══════════════════════════════════════════════════════════════════════════

   Semperit with challenging first quarter of 2025 – recovery expected in the
   second half of the year

    

     • Revenue reaches EUR 151.7 million and EBITDA EUR 11.1 million
     • Recovery of the order situation in March and April
     • Robust balance sheet with equity ratio of 46% and EUR 128 million in
       liquidity
     • Outlook for operating EBITDA in the range of EUR 65 million to EUR 85
       million confirmed

    

   Wien, 14 May 2025 –  The Semperit Group’s business performance in the
   first quarter of 2025 was characterized by a persistently difficult market
   environment. Order activities remained subdued in most areas, with
   customers postponing projects due to increased uncertainty. This had a
   negative impact particularly on the conveyor belt business (Belting).
   Revenue amounted to EUR 151.7 million (–13.8%) and EBITDA to EUR 11.1
   million (–51.6%). Operating EBITDA (before project costs) was EUR 11.9
   million.

   “The first few months of 2025 were not only marked by a persistently
   difficult market environment, as expected, but also brought greater
   uncertainty with the tariff conflict initiated by the US. This led to
   further delays in our customers’ investment decisions and cautious
   ordering activity,” says Semperit CEO Manfred Stanek. “However, we are
   cautiously optimistic and expect a recovery in the second half of the
   year. After a weaker start, the order situation improved in March and
   April and exceeded the previous year’s figures. We are also continuing our
   cost-cutting measures. The infrastructure program in Germany, rising
   defense expenditures in the European Union, and efforts to rebuild Ukraine
   are also clear positive drivers for our business in the medium term,”
   Stanek continued.

   Free cash flow – net cash flow adjusted for interest payments and
   available for strategic investments, dividends and debt repayment –
   increased to EUR 8.7 million (previous year: EUR 3.5 million) due to
   reduced investments.

   The Semperit Group has a robust balance sheet and financing base with an
   equity ratio of 46.1% (31 December 2024: 47.2%) and a conservative debt
   ratio of 1.4x (31 December 2024: 1.2x) based on net financial debt in
   relation to EBITDA. Liquidity reserves amounted to EUR 128.4 million, and
   undrawn credit lines of EUR 100 million are also available.

   Outlook

   The outlook for the 2025 financial year has been confirmed, with operating
   EBITDA expected to range between EUR 65 million and EUR 85 million. The
   costs for the digitalization project that will affect earnings will amount
   to around EUR 5 million.

    

   Earnings development in Q1 2025 in detail:

   The Semperit Group, which focuses exclusively on industrial customers with
   its two divisions Semperit Industrial Applications (SIA) and Semperit
   Engineered Applications (SEA), generated revenue of EUR 151.7 million
   (–13.8%). The Semperit Industrial Applications (SIA) division, which
   comprises hoses and profiles, generated revenue of EUR 65.5 million
   (–4.7%) and EBITDA of EUR 11.3 million (–17.4%). This resulted in a margin
   decline of –2.6 PP to 17.2%. The SEA division (Form, Belting, and Liquid
   Silicone) generated revenue of EUR 86.2 million (–19.7%), while EBITDA was
   EUR 4.0 million (–74.5%) and the EBITDA margin 4.6% (–9.9 PP).*

   In the Group, inventories of own products increased by EUR 11.0 million in
   the first three months, mainly due to seasonal factors (previous year: EUR
   1.2 million).

   Total expenses fell by 1.0% to EUR 154.6 million. Cost of materials
   (including energy and purchased services) amounted to EUR 76.0 million
   (previous year: EUR 74.8 million), of which EUR 1.6 million was passed on
   to the buyer of the medical business as part of the joint use agreement
   for premises. Personnel expenses decreased by 2.0% to EUR 56.7 million
   (previous year: EUR 57.8 million). At EUR 21.9 million, other operating
   expenses were 6.8% below the previous year’s figure (EUR 23.5 million),
   which was mainly attributable to lower outbound freight charges and
   commissions for sales agents due to demand, as well as savings in legal,
   consulting, and auditing expenses.

   EBITDA thus amounted to EUR 11.1 million (previous year: EUR 23.0 million)
   and the EBITDA margin to 7.3% (previous year: 13.0%). Operating EBITDA
   amounted to EUR 11.9 million (previous year: EUR 23.1 million) and the
   margin to 7.9% (previous year: 13.1%). EBITDA was adjusted for the effects
   of the lead project for the Group’s digital transformation of EUR 0.8
   million recognized in profit or loss.

   Regular depreciation and amortization slightly increased to EUR 12.4
   million (previous year: EUR 11.4 million). EBIT was significantly below
   the previous year’s figure of EUR 11.6 million at EUR –1.3 million.

   The financial result amounted to EUR –5.0 million (previous year: EUR –3.6
   million), with the deviation primarily due to negative currency effects
   resulting from the weaker US dollar. Tax expense decreased to EUR 0.9
   million (previous year: EUR 2.9 million).

   Earnings after taxes amounted to EUR –7.2 million (previous year: EUR 3.6
   million), which corresponds to earnings per share of EUR –0.35 (previous
   year: EUR 0.18).

    

   Overview of the main financial figures of the first quarter 2025:

   Key figures of the Semperit-Group, in EUR
   million                                          1-3 2025  Change 1-3 2024
                                                                      
   Revenue                                             151.7  –13.8%    176.0
   Operating EBTDA^1                                    11.9  –48.3%     23.1
   Operating EBTDA margin^1                             7.9% –5.3 PP    13.1%
   EBITDA                                               11.1  –51.6%     23.0
   EBITDA margin                                        7.3% –5.7 PP    13.0%
   EBIT                                                 –1.3     n/a     11.6
   EBIT margin                                         –0.9% –7.4 PP     6.6%
   Earnings after tax                                   –7.2     n/a      3.6
   Earnings per share (EPS), in EUR                    –0.35     n/a     0.18
   Free cash flow before the sale of companies           8.7     n/a      3.5
                                                                      

   ¹Operating EBITDA: excluding items that affect comparability

   Balance sheet key figures, in EUR million    03/31/2025  Change 12/31/2024
                                                                    
   Total assets                                      915.4   +0.3%      912.9
   Equity                                            422.0   –2.1%      430.9
   Equity ratio                                      46.1% –1.1 PP      47.2%
   Net Financial Debt (+) / Net Financial
   Surplus (–)                                       100.2   –3.0%      103.3

    

   Segment key figures, in EUR million*             1-3 2025  Change 1-3 2024
                                                                      
   Division Semperit Industrial
   Applications                             Revenue     65.5   –4.7%     68.7
                                             EBITDA     11.3  –17.4%     13.6
                                               EBIT      6.9  –28.2%      9.6
   Division Semperit Engineered
   Applications                             Revenue     86.2  –19.7%    107.3
                                             EBITDA      4.0  –74.5%     15.6
                                               EBIT     –3.7     n/a      8.6
                                                                      

   *As part of the optimization of the industrial strategy, the mandrel hose
   product group was transferred from the Semperit Industrial Applications
   division (Hoses business unit) to the Semperit Engineered Applications
   division (Form business unit) with effect from January 1, 2025. The
   comparative figures have been adjusted accordingly.

    

   For further details please see the Semperit Group’s report on the first
   quarter 2025: [1]https://www.semperitgroup.com/investor-relations/

    

    

   Contact:

   Bettina Schragl                         Judit Helenyi
   Director  Communications  and   Capital Director Investor Relations
   Markets/ Spokeswoman                    +43 676 8715 8310
   +43 676 8715 8257                       [3][email protected]
   [2][email protected]

    

   [4]www.semperitgroup.com

   www.semperitgroup.com

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

   About Semperit
    

   The publicly listed Semperit AG Holding is an internationally oriented
   group of companies that develops, produces and sells high-quality
   elastomer products and applications for industrial customers in over 100
   countries worldwide through its two divisions, Semperit Industrial
   Applications and Semperit Engineered Applications. With its highly
   efficient production and cost leadership, the Semperit Industrial
   Applications division focuses on industrial applications in connection
   with large-scale production, including hydraulic and industrial hoses as
   well as profiles. The Semperit Engineered Applications division comprises
   the production of escalator handrails, conveyor belts, cable car rings,
   other engineered elastomer products, as well as the Rico Group (liquid
   silicone and mold making), and focuses on customized technical solutions.
   The traditional Austrian company was founded in 1824 and is headquartered
   in Vienna. The Semperit Group employs around 4,000 people worldwide and
   has 16 production sites and numerous sales offices in Europe, Asia,
   Australia and America. In the 2024 financial year, the Group generated
   revenue of EUR 676.6 million and EBITDA of EUR 84.9 million.

      

   [6]^[] As part of the optimization of the industrial strategy, the
   mandrel hose product group was transferred from the Semperit Industrial
   Applications division (Hoses business unit) to the Semperit Engineered
   Applications division (Form business unit) with effect from January 1,
   2025. The comparative figures have been adjusted accordingly.

   ══════════════════════════════════════════════════════════════════════════

   14.05.2025 CET/CEST This Corporate News was distributed by EQS Group.
   www.eqs.com

   ══════════════════════════════════════════════════════════════════════════

   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:      [email protected]
   Internet:    www.semperitgroup.com
   ISIN:        AT0000785555
   Listed:      Vienna Stock Exchange (Official Market)
   EQS News ID: 2136716


    
   End of News EQS News Service


   2136716  14.05.2025 CET/CEST

   https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=2136716&application_name=news&site_id=apa_ots_austria~~~18b544d0-9c71-4160-bd95-cc8b9aff9fbf

References

   Visible links
   1. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=4a71363c998f65ec9ac29b6522aea114&application_id=2136716&site_id=apa_ots_austria~~~18b544d0-9c71-4160-bd95-cc8b9aff9fbf&application_name=news
   2. mailto:bettina.schragl@semperitgroup
   3. mailto:[email protected]
   4. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=a1853d2543b65a06a0c38b7d8493c4a0&application_id=2136716&site_id=apa_ots_austria~~~18b544d0-9c71-4160-bd95-cc8b9aff9fbf&application_name=news
   5. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=1d0be88a25595ba48a3754775b0ada37&application_id=2136716&site_id=apa_ots_austria~~~18b544d0-9c71-4160-bd95-cc8b9aff9fbf&application_name=news
   6. file:///appl/crsred1/tmp/HTML-FormatExternal-YYMktd.html#_ftnref1

OTS-ORIGINALTEXT PRESSEAUSSENDUNG UNTER AUSSCHLIESSLICHER INHALTLICHER VERANTWORTUNG DES AUSSENDERS - WWW.OTS.AT |

print