VIENNA—Semperit A.G. has reported a 19.5 percent year-on-year increase in first half earnings (EBITDA) at $43.5 million, as its reorganization measures take effect.
Sales for the six months to end of June fell 2.5 percent to $487 million during the first six months of the year, mainly due to a decline in Sempermed revenue.
This is the first time in two years the publicly listed group has achieved positive half year results with increasing profitability on EBITDA and EBIT level, the Vienna-based company reported Aug. 14."Our successful turnaround continues consistently and gained momentum, primarily in the second quarter, " Semperit Chairman Martin Fuellenbach said in a statement.