H&R AG / Key word(s): Forecast/Quarter Results 18.07.2012 14:09 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- H&R AG posts depressed result for 2nd quarter of 2012 Salzbergen, Germany, 18 July 2012. Based on preliminary figures, H&R AG generated a consolidated operating result (EBITDA) of EURO 7.1 million in the 2nd quarter of 2012. This represents a decline of 66.7% compared to the same period of the previous year, or a decline of 62.4% against the 1st quarter of 2012. The global economic downturn, particularly in southern Europe, and the increase in the cost of raw materials in the 2nd quarter, temporarily prompted a considerable deterioration of the product margins in the Chemical-Pharmaceutical Raw Materials Division. According to initial figures, revenue rose in the 1st half-year to EURO 640.1 million (previous year: EURO 595.3 million) as a result of price increases. EBITDA fell to EURO 26.0 million in the first six months of 2012 (previous year: EURO 56.0 million). An improvement in results is expected for the subsequent quarters. Due to the weaker first half of 2012 and in light of the continuing economic uncertainty, the operating result (EBITDA) for 2012 as a whole is expected to be noticeably lower than that of the previous year (EURO 89.1 million). The revenue of between EURO 1.1 billion and EURO 1.3 billion which was forecast for the 2012 financial year will be achieved. If the currently more optimistic economic forecasts for 2013 should prove correct, an improved consolidated operating result (EBITDA) for this period is expected. The final report for the 2nd quarter of 2012 will be published as planned on 14 August 2012. Contact: H&R AG, Investor Relations / Communications, Christian Pokropp Neuenkirchener StraÃe 8, 48499 Salzbergen, Germany Phone: +49 40 43218-321, Fax: +49 40 43218-390 Email: Christian.Pokropp@hur.com www.hur.com H&R AG: H&R AG is an SDAX listed specialist chemicals company. It develops and manufactures crude oil-based chemical and pharmaceutical products and high-precision plastic parts. Forward-looking statements and forecasts: This ad-hoc communication contains forward-looking statements. These statements are based on current estimates and forecasts made by the Executive Board and the information available to the Board at this time. Forward-looking statements should not be interpreted as guarantees that the projected future developments and results will materialise. Future developments and results are dependent on a range of factors. They comprise various risks and imponderables and rest on assumptions which may prove incorrect. We do not accept any obligation to update the forward-looking statements made in this ad-hoc communication. 18.07.2012 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: H&R AG Neuenkirchener Str. 8 48499 Salzbergen Germany Phone: +49 (0)40 43 218 321 Fax: +49 (0)40 43 218 390 E-mail: investor.relations@hur.com Internet: www.hur.com ISIN: DE0007757007 WKN: 775700 Indices: SDAX Listed: Regulierter Markt in Düsseldorf, Frankfurt (Prime Standard), Hamburg; Freiverkehr in Berlin, Hannover, München, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------
DGAP-Adhoc: H&R AG posts depressed result for 2nd quarter of 2012
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