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21st Austria weekly - Semperit, FACC (03/07/2020)

05.07.2020

Semperit: The economic downturn and the effects of the corona crisis lead to opposing developments in the Industrial and Medical sectors of the publicly listed Semperit Group, a group of companies specialised in rubber products: in the business for medical protective gloves, a significant increase in demand and a strong rise in price levels has been observed since the outbreak of the corona crisis. Against this background, and also in view of the improved operating performance, the results of the Medical sector will be significantly higher in 2020 compared to the previous year’s level. The Industrial sector was hit by the global recession, which has intensified in recent months due to the worldwide lockdown. The results of the Industrial Sector of the current financial year will therefore be noticeably below the previous year’s level. However, the positive effects from the medical business in the foreseeable future will significantly compensate for this decline. Based on current figures, EBITDA of the Semperit Group for the full year is currently expected to be significantly higher than the previous year's figure (2019: Euro 67.8 mn). In view of the developments described above, Semperit reviews the existence of indicators for a reversal of past impairment losses or impairment losses in the Medical or the Industrial sector respectively. The amount of any value adjustments will be announced at the latest upon publication of the half-year financial report. Taking this into account, the Semperit Group currently expects an EBIT of Euro 110.0 to 160.0 mn (2019: Euro -16.5 mn) for the full year 2020 – depending particularly on the further development of the price level for medical protective gloves and the sufficient availability of raw materials for their production.
Semperit: weekly performance: 14.21%

FACC: The international aerospace group FACC has earned a spot in the Boeing Premier Bidder Program. The program recognizes and rewards consistently high performing Boeing Commercial Airplanes suppliers and gives them an opportunity to increase their business with Boeing. FACC is a leading technology group in the aerospace industry providing major structural assemblies to Boeing. “Being accepted into Boeing’s Premier Bidder Program is both a sigh of recognition and a mission for us,” said Robert Machtlinger, FACC AG CEO. 
FACC: weekly performance: -3.17%

(From the 21st Austria weekly https://www.boerse-social.com/21staustria (03/07/2020)


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21st Austria weekly - Semperit, FACC (03/07/2020)


05.07.2020, 2470 Zeichen



Semperit: The economic downturn and the effects of the corona crisis lead to opposing developments in the Industrial and Medical sectors of the publicly listed Semperit Group, a group of companies specialised in rubber products: in the business for medical protective gloves, a significant increase in demand and a strong rise in price levels has been observed since the outbreak of the corona crisis. Against this background, and also in view of the improved operating performance, the results of the Medical sector will be significantly higher in 2020 compared to the previous year’s level. The Industrial sector was hit by the global recession, which has intensified in recent months due to the worldwide lockdown. The results of the Industrial Sector of the current financial year will therefore be noticeably below the previous year’s level. However, the positive effects from the medical business in the foreseeable future will significantly compensate for this decline. Based on current figures, EBITDA of the Semperit Group for the full year is currently expected to be significantly higher than the previous year's figure (2019: Euro 67.8 mn). In view of the developments described above, Semperit reviews the existence of indicators for a reversal of past impairment losses or impairment losses in the Medical or the Industrial sector respectively. The amount of any value adjustments will be announced at the latest upon publication of the half-year financial report. Taking this into account, the Semperit Group currently expects an EBIT of Euro 110.0 to 160.0 mn (2019: Euro -16.5 mn) for the full year 2020 – depending particularly on the further development of the price level for medical protective gloves and the sufficient availability of raw materials for their production.
Semperit: weekly performance: 14.21%

FACC: The international aerospace group FACC has earned a spot in the Boeing Premier Bidder Program. The program recognizes and rewards consistently high performing Boeing Commercial Airplanes suppliers and gives them an opportunity to increase their business with Boeing. FACC is a leading technology group in the aerospace industry providing major structural assemblies to Boeing. “Being accepted into Boeing’s Premier Bidder Program is both a sigh of recognition and a mission for us,” said Robert Machtlinger, FACC AG CEO. 
FACC: weekly performance: -3.17%

(From the 21st Austria weekly https://www.boerse-social.com/21staustria (03/07/2020)



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