EQS-News: Semperit with challenging first quarter of 2025 – recovery expected in the second half of the year
14.05.2025 | 07:31
EQS-News: Semperit AG Holding / Key word(s): Quarter Results
Semperit with challenging first quarter of 2025 – recovery expected in the
second half of the year
14.05.2025 / 07:30 CET/CEST
The issuer is solely responsible for the content of this announcement.
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Semperit with challenging first quarter of 2025 – recovery expected in the
second half of the year
• Revenue reaches EUR 151.7 million and EBITDA EUR 11.1 million
• Recovery of the order situation in March and April
• Robust balance sheet with equity ratio of 46% and EUR 128 million in
liquidity
• Outlook for operating EBITDA in the range of EUR 65 million to EUR 85
million confirmed
Wien, 14 May 2025 – The Semperit Group’s business performance in the
first quarter of 2025 was characterized by a persistently difficult market
environment. Order activities remained subdued in most areas, with
customers postponing projects due to increased uncertainty. This had a
negative impact particularly on the conveyor belt business (Belting).
Revenue amounted to EUR 151.7 million (–13.8%) and EBITDA to EUR 11.1
million (–51.6%). Operating EBITDA (before project costs) was EUR 11.9
million.
“The first few months of 2025 were not only marked by a persistently
difficult market environment, as expected, but also brought greater
uncertainty with the tariff conflict initiated by the US. This led to
further delays in our customers’ investment decisions and cautious
ordering activity,” says Semperit CEO Manfred Stanek. “However, we are
cautiously optimistic and expect a recovery in the second half of the
year. After a weaker start, the order situation improved in March and
April and exceeded the previous year’s figures. We are also continuing our
cost-cutting measures. The infrastructure program in Germany, rising
defense expenditures in the European Union, and efforts to rebuild Ukraine
are also clear positive drivers for our business in the medium term,”
Stanek continued.
Free cash flow – net cash flow adjusted for interest payments and
available for strategic investments, dividends and debt repayment –
increased to EUR 8.7 million (previous year: EUR 3.5 million) due to
reduced investments.
The Semperit Group has a robust balance sheet and financing base with an
equity ratio of 46.1% (31 December 2024: 47.2%) and a conservative debt
ratio of 1.4x (31 December 2024: 1.2x) based on net financial debt in
relation to EBITDA. Liquidity reserves amounted to EUR 128.4 million, and
undrawn credit lines of EUR 100 million are also available.
Outlook
The outlook for the 2025 financial year has been confirmed, with operating
EBITDA expected to range between EUR 65 million and EUR 85 million. The
costs for the digitalization project that will affect earnings will amount
to around EUR 5 million.
Earnings development in Q1 2025 in detail:
The Semperit Group, which focuses exclusively on industrial customers with
its two divisions Semperit Industrial Applications (SIA) and Semperit
Engineered Applications (SEA), generated revenue of EUR 151.7 million
(–13.8%). The Semperit Industrial Applications (SIA) division, which
comprises hoses and profiles, generated revenue of EUR 65.5 million
(–4.7%) and EBITDA of EUR 11.3 million (–17.4%). This resulted in a margin
decline of –2.6 PP to 17.2%. The SEA division (Form, Belting, and Liquid
Silicone) generated revenue of EUR 86.2 million (–19.7%), while EBITDA was
EUR 4.0 million (–74.5%) and the EBITDA margin 4.6% (–9.9 PP).*
In the Group, inventories of own products increased by EUR 11.0 million in
the first three months, mainly due to seasonal factors (previous year: EUR
1.2 million).
Total expenses fell by 1.0% to EUR 154.6 million. Cost of materials
(including energy and purchased services) amounted to EUR 76.0 million
(previous year: EUR 74.8 million), of which EUR 1.6 million was passed on
to the buyer of the medical business as part of the joint use agreement
for premises. Personnel expenses decreased by 2.0% to EUR 56.7 million
(previous year: EUR 57.8 million). At EUR 21.9 million, other operating
expenses were 6.8% below the previous year’s figure (EUR 23.5 million),
which was mainly attributable to lower outbound freight charges and
commissions for sales agents due to demand, as well as savings in legal,
consulting, and auditing expenses.
EBITDA thus amounted to EUR 11.1 million (previous year: EUR 23.0 million)
and the EBITDA margin to 7.3% (previous year: 13.0%). Operating EBITDA
amounted to EUR 11.9 million (previous year: EUR 23.1 million) and the
margin to 7.9% (previous year: 13.1%). EBITDA was adjusted for the effects
of the lead project for the Group’s digital transformation of EUR 0.8
million recognized in profit or loss.
Regular depreciation and amortization slightly increased to EUR 12.4
million (previous year: EUR 11.4 million). EBIT was significantly below
the previous year’s figure of EUR 11.6 million at EUR –1.3 million.
The financial result amounted to EUR –5.0 million (previous year: EUR –3.6
million), with the deviation primarily due to negative currency effects
resulting from the weaker US dollar. Tax expense decreased to EUR 0.9
million (previous year: EUR 2.9 million).
Earnings after taxes amounted to EUR –7.2 million (previous year: EUR 3.6
million), which corresponds to earnings per share of EUR –0.35 (previous
year: EUR 0.18).
Overview of the main financial figures of the first quarter 2025:
Key figures of the Semperit-Group, in EUR
million 1-3 2025 Change 1-3 2024
Revenue 151.7 –13.8% 176.0
Operating EBTDA^1 11.9 –48.3% 23.1
Operating EBTDA margin^1 7.9% –5.3 PP 13.1%
EBITDA 11.1 –51.6% 23.0
EBITDA margin 7.3% –5.7 PP 13.0%
EBIT –1.3 n/a 11.6
EBIT margin –0.9% –7.4 PP 6.6%
Earnings after tax –7.2 n/a 3.6
Earnings per share (EPS), in EUR –0.35 n/a 0.18
Free cash flow before the sale of companies 8.7 n/a 3.5
¹Operating EBITDA: excluding items that affect comparability
Balance sheet key figures, in EUR million 03/31/2025 Change 12/31/2024
Total assets 915.4 +0.3% 912.9
Equity 422.0 –2.1% 430.9
Equity ratio 46.1% –1.1 PP 47.2%
Net Financial Debt (+) / Net Financial
Surplus (–) 100.2 –3.0% 103.3
Segment key figures, in EUR million* 1-3 2025 Change 1-3 2024
Division Semperit Industrial
Applications Revenue 65.5 –4.7% 68.7
EBITDA 11.3 –17.4% 13.6
EBIT 6.9 –28.2% 9.6
Division Semperit Engineered
Applications Revenue 86.2 –19.7% 107.3
EBITDA 4.0 –74.5% 15.6
EBIT –3.7 n/a 8.6
*As part of the optimization of the industrial strategy, the mandrel hose
product group was transferred from the Semperit Industrial Applications
division (Hoses business unit) to the Semperit Engineered Applications
division (Form business unit) with effect from January 1, 2025. The
comparative figures have been adjusted accordingly.
For further details please see the Semperit Group’s report on the first
quarter 2025: [1] https://www.semperitgroup.com/investor-relations/
Contact:
Bettina Schragl Judit Helenyi
Director Communications and Capital Director Investor Relations
Markets/ Spokeswoman +43 676 8715 8310
+43 676 8715 8257 [3]judit.helenyi@semperitgroup.com
[2]bettina.schragl@semperitgroup.com
[4] www.semperitgroup.com
www.semperitgroup.com
[5] www.linkedin.com/company/semperit-ag
About Semperit
The publicly listed Semperit AG Holding is an internationally oriented
group of companies that develops, produces and sells high-quality
elastomer products and applications for industrial customers in over 100
countries worldwide through its two divisions, Semperit Industrial
Applications and Semperit Engineered Applications. With its highly
efficient production and cost leadership, the Semperit Industrial
Applications division focuses on industrial applications in connection
with large-scale production, including hydraulic and industrial hoses as
well as profiles. The Semperit Engineered Applications division comprises
the production of escalator handrails, conveyor belts, cable car rings,
other engineered elastomer products, as well as the Rico Group (liquid
silicone and mold making), and focuses on customized technical solutions.
The traditional Austrian company was founded in 1824 and is headquartered
in Vienna. The Semperit Group employs around 4,000 people worldwide and
has 16 production sites and numerous sales offices in Europe, Asia,
Australia and America. In the 2024 financial year, the Group generated
revenue of EUR 676.6 million and EBITDA of EUR 84.9 million.
[6]^[] As part of the optimization of the industrial strategy, the
mandrel hose product group was transferred from the Semperit Industrial
Applications division (Hoses business unit) to the Semperit Engineered
Applications division (Form business unit) with effect from January 1,
2025. The comparative figures have been adjusted accordingly.
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14.05.2025 CET/CEST This Corporate News was distributed by EQS Group.
www.eqs.com
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Language: English
Company: Semperit AG Holding
Am Belvedere 10
1100 Wien
Austria
Phone: +43 1 79 777-310
Fax: +43 1 79 777-602
E-mail: judit.helenyi@semperitgroup.com
Internet: www.semperitgroup.com
ISIN: AT0000785555
Listed: Vienna Stock Exchange (Official Market)
EQS News ID: 2136716
End of News EQS News Service
2136716 14.05.2025 CET/CEST
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2. mailto:bettina.schragl@semperitgroup
3. judit.helenyi@semperitgroup.com
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