DGAP-IRE: SIMONA Group lifts revenue and earnings in first quarter of 2015

SIMONA Aktiengesellschaft  / Release of an announcement according to Article
37x of the WpHG [the German Securities Trading Act] 

29.04.2015 11:00

Interim report according to Article 37x of the WpHG, transmitted by
DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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SIMONA Group lifts revenue and earnings in first quarter of 2015

Kirn, 29/04/2015. Revenue generated by the SIMONA Group rose by 13.1 per
cent to EUR 87.7 million in the first quarter of 2015 (previous year:
EUR 77.6 million). The year-on-year increase is attributable to the
first-time consolidation of US-based Boltaron, a company acquired effective
from 1 April 2014, as well as organic growth in Eastern Europe, the
Asia-Pacific region and the United States. In Eastern Europe, expansive
business in Poland and the Czech Republic in particular more than offset
the downturn recorded in Russia and Ukraine. Revenue from sales in Central
and Western Europe dipped slightly.

In the product area covering finished and semi-finished parts the Group saw
an increase in revenue from extruded and pressed sheets, driven primarily
by the consolidation of Boltaron. Revenue from pipes and fittings fell
slightly.

The Group's financial position, performance and cash flows remain solid. 

Earnings were increased substantially. Underpinned in particular by an
improved gross profit, EBIT rose to EUR 6.4 million in the first quarter
(Q1/2014: EUR 1.7 million). The EBIT margin was 7.3 per cent (Q1/2014: 2.2
per cent). Foreign exchange gains (previous year: foreign exchange losses)
and earnings contributed by Boltaron, which had not been included in the
consolidated accounts for the first quarter of 2014, had a positive impact
on overall earnings.

The dramatic increase in commodity prices and supply-side shortages,
together with geopolitical risks, e.g. in Ukraine, and the as yet
unresolved financial crisis in Europe have had a dampening effect on the
company's outlook. The SIMONA Group is anticipating revenue of EUR340-350
million and EBIT of EUR 15-20 million for the 2015 financial year.

The Management Board



29.04.2015 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language:     English
Company:      SIMONA Aktiengesellschaft
              Teichweg 16
              55606 Kirn an der Nahe
              Germany
Internet:     www.simona.de
 
End of Announcement                             DGAP News-Service
 
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