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November 19, 2015 01:00 AM

Semperit records strong financial results

Rubber & Plastics News Report
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    VIENNA, Austria—Semperit A.G. posted positive sales and earnings for the third quarter and first nine months of 2015, thanks to a variety of factors, including organic growth, an acquisition and a capacity expansion.

    Its net income after taxes increased to about $15.7 million from $12.7 million in the year earlier period. Sales improved 13.6 percent to $257.4 million during the quarter.

    In the first nine months, the company's earnings after taxes rose to about $42.8 million from $39.5 million on a sales jump of 5.5 percent to $738.4 million.

    Semperit's solid sales and earnings are the result “of our consistent activities in the past months,” according to CEO Thomas Fahnemann. Its medical and industrial business contributed to growth with strong performances and increases in sales volume.

    He cited a capacity expansion, an increased global presence and the rapid integration of rubber seal manufacturer Leeser GmbH & Co. K.G. as having a positive impact. “At the same time, we enhanced the profitability of the medical sector through immediately effective optimization measures, so that overall the third quarter of 2015 already showed good results,” he said in a statement.

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