Semperit Holding AG ( (SEIGF) ) has released its Q3 earnings. Here is a breakdown of the information Semperit Holding AG presented to its investors.
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Semperit Holding AG is a company that specializes in developing, producing, and selling elastomer products for industrial customers through its two main divisions: Semperit Industrial Applications (SIA) and Semperit Engineered Applications (SEA). With a focus on cost leadership and technical solutions, the company aims to remain a leading supplier in the elastomer industry.
In its latest earnings report for the first three quarters of 2024, Semperit Holding AG highlighted a notable increase in profitability, despite a slight decline in revenue. The company reported an EBITDA increase of 11.9% to EUR 63.9 million and turned a positive earnings after tax of EUR 7.1 million. The company’s strategic cost-cutting measures and early investments have been effective, as evidenced by the improved EBITDA margin of 12.6%.
The report also outlined the contrasting performances of its divisions. The SIA division experienced a 16.1% drop in revenue, attributed to a challenging economic environment, while the SEA division saw an 11.7% increase in revenue, largely driven by the inclusion of the Rico Group. The SEA division’s growth was supported by stable demand in various sectors, although challenges remain in certain areas like the construction industry.
Looking ahead, Semperit Holding AG’s management remains cautious about the market conditions, anticipating ongoing challenges into 2025. However, they reaffirmed their guidance for the 2024 financial year, expecting EBITDA to rise to around EUR 80 million. The company plans to continue focusing on product mix improvements and cost reduction programs to navigate potential market fluctuations.