VIENNA—Amid difficult first half trading conditions, Austrian group Semperit A.G. reported that its earnings grew 4.8 percent, to $59.5 million, on sales of $494 million, 2.7 percent lower than in the first six months of last year.
Increased sales and higher profitability in the industrial sector helped to counter a weaker performance in the medical sector, the maker of latex gloves and industrial rubber products reported.
“Due to our strong sales performance, a capacity utilization above the industry average and new capacities in the industrial sector, we showed a stable operational development,” CEO Thomas Fahnemann said in the first half review.
On the other hand, low demand in “economically sensitive” markets, rising energy and raw material costs, and weak sales prices in the Sempermed medical and examination glove business impacted the group.
Semperit's industrial sector unit produces hydraulic and industrial hoses, conveyor belts, escalator handrails, construction profiles, cable car rings, and products for railway superstructures.