January 24, 2018 / 8:07 PM / 9 months ago

BRIEF-Semperit AG Holding Expects ‍Negative Earnings After Taxes For 2017

Jan 24 (Reuters) - Semperit AG Holding:

* ‍MANAGEMENT BOARD OF SEMPERIT AG HOLDING INTRODUCES A PHASE OF SUSTAINABLE RESTRUCTURING​

* ‍NEGATIVE EARNINGS AFTER TAXES EXPECTED FOR 2017​

* ‍NECESSITY OF RESTRUCTURING UNDERLINED BY FACT THAT A SINGLE-DIGIT NEGATIVE EBIT WILL BE REPORTED FOR LAST QUARTER OF 2017​

* SEMPERIT AG - ‍DUE TO EXPECTED NEGATIVE EARNINGS AFTER TAX IN 2017 AND ONGOING RESTRUCTURING, MANAGEMENT WILL NOT BE ABLE TO PROPOSE A DIVIDEND​

* ‍TERMINATION OF TRANSFORMATION OF SEMPERIT GROUP IS SCHEDULED FOR END OF 2020​

* SEMPERIT AG- ‍MANAGEMENT BOARD EXPECTS CONTINUOUS ONE-OFF EFFECTS AND RESTRUCTURING COSTS IN UPCOMING QUARTERS

* ‍FROM THIS POINT OF TIME, SEMPERIT GROUP AIMS TO ACHIEVE AN EBITDA MARGIN OF APPROXIMATELY 10% AS A KEY CONTROLLING FIGURE​

* ‍FOR FINANCIAL YEAR 2018, INCREASED CONSULTING COSTS FOR SUPPORT OF IMPLEMENTATION ARE EXPECTED ASSUMED​ Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below