DGAP-News: H&R AG / Key word(s): 9-month figures/Interim Report
H&R AG publishes Nine-Month Interim Report 2014
14.11.2014 / 08:25
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Press Release
H&R AG publishes Nine Month Report 2014
- Preliminary figures of November 3rd, 2014 confirmed
- Earnings situation significantly improved as per end of September
Salzbergen, November 14, 2014. The company H&R Aktiengesellschaft (ISIN
DE0007757007) has confirmed its preliminary sales and earnings figures for
the nine month period of 2014: The company achieved, over the entire
nine-month period, and with lower sales of EUR806.3 million (minus 14.3%
compared to same period 2013; 9 months of 2013: EUR941.1 million), an
increase of 8.2% in operating income (EBITDA), totalling EUR25.2 million
(equivalent period of the previous year: EUR23.3 million). On a quarterly
basis, sales dropped by 25% to EUR265.6 million (Q3-2013: EUR353.6
million), while at the same time operating income (EBITDA) increased by
more than 9% to EUR10.6 million (Q3-2013: EUR9.7 million). As the year
progressed, the last quarter did not only show a stronger earnings
performance than the two previous quarters of 2014 but delivered positive
contributions on all earnings levels.
Overview of major key figures:
<pre>
in million EUR Q3-2014 Q3-2013* Diff.
Sales 265.6 353.6 -88.0
Operative income (EBITDA) 10.6 9.7 0.9
EBIT 4.8 -8.6 13.4
Pre-tax earnings 1.2 -11.7 12.9
Net loss / income after minority 0.8 -8.4 9.2
interests
Earning per share (EUR) 0.03* -0.28 0.31
Operative Cashflow 14.0 50.6 -36.6
Free Cashflow 9.5 46.8 -37.3
1/1 - 9/30/ 1/1 - 9/30/ Diff.
2014 2013
Sales 806.3 941.1 -134.8
Operative earnings (EBITDA) 25.2 23.3 1.9
EBIT 8.1 -7.4 15.5
Pre-tax earnings -2.4 -16.0 13.6
Net loss / income after minority -1.9 -11.7 9.8
interests
Earnings per share (EUR) -0.06* -0.39 0.33
Operative Cashflow -18.3 83.2 -101,5
Free Cashflow -30,5 70,5 -101.0
9/30/2014 12/31/2013 Diff.
Balance sheet total 707.6 594.7 112.9
Equity 262.4 189.2 73.2
Equity ratio (%) 37.1 31.8 5.3
</pre>
* Due to the varying number of shares before / after capital increase,
there is only limited scope for comparing Earnings per share.
The recovery was due greatly to our domestic business with its refinery
operations. Its contribution to EBITDA in the first nine months of 2014 was
improved by EUR2.8 million to EUR18.9 million. International activities
achieved a nine-month EBITDA of EUR10.4 million. Our Plastics segment was
even able to recover slightly and improved its EBITDA contribution to
EUR-0.9 million. For the third quarter alone activities in the plastic
segment even generated slightly positive earnings.
When it comes to the final quarter of 2014, H&R Aktiengesellschaft is
expecting - on the basis of currently available knowledge - comparable
developments in terms of the business in particular and the market in
general. These will include sales of around EUR1.1 billion, and therefore
below those of previous years. The Board's expectations regarding EBITDA
are reaffirmed in the terms expressed in the report for the first half year
of 2014.
For further details, H&R AG refers to the Interim Report for the Nine
Months 2014, published today and available in PDF format under the Investor
Relations tab on www.hur.com.
Contact:
H&R AG, Investor Relations / Kommunikation, Ties Kaiser
Neuenkirchener StraÃe 8, 48499 Salzbergen
Phone.: +49 40 43218-321, Fax: +49 40 43218-390
Mail: ties.Kaiser@hur.com
www.hur.com
H&R AG is a Prime Standard 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 press release 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.
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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
Listed: Regulierter Markt in Düsseldorf, Frankfurt (Prime
Standard), Hamburg; Freiverkehr in Berlin, Hannover,
München, Stuttgart
End of News DGAP News-Service
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297127 14.11.2014
DGAP-News: H&R AG publishes Nine-Month Interim Report 2014
| Source: EQS Group AG