VIENNA—Semperit Group has reported the best half-year results in its history based on a significant rise in revenue and earnings.
Among items it reported from earnings posted from January through June 2013, the firm said:
• Revenue has increased 10.2 percent to $597 million;
• Double-digit growth in EBITDA, at 21.9 percent, and EBIT, at 16.5 percent;
• Medical and industrial sectors increase revenue, earnings and profitability in spite of challenging economic conditions
• Stable development expected in the second half of 2013.
Despite "negative" influences on global markets, group revenue climbed 10.2 percent from $552 million in the prior-year period to $597.
The firm attributes "considerable" revenue and earnings growth to the integration of glove producer Latexx Partners, acquired in the previous year.
The industrial sector was negatively impacted by the weak economic environment, according to Semperit, which claims to have counteracted this by entering new markets, strategic growth projects and "operational optimizations," leading to higher revenue and earnings.
Group EBITDA rose 21.9 percent from $71.3 million in the prior year period to €87 million in the first half of 2013. In spite of higher investment-related depreciation, EBIT was up 16.5 percent to $57.8 million from $49.6 million in the previous year. Profitability also increased.
Earnings after tax improved by 18.3 percent to $37.3 million, compared to $31.6 million in the first half of 2012.