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
| Source: EQS Group AG