H&R WASAG AG / Key word(s): Interim Report
26.04.2011 17:12
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.
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H&R WASAG AG posts record result for 1st quarter of 2011
Salzbergen, Germany, 26 April 2011. H&R WASAG AG generated an outstanding
operating result (EBITDA) of EUR 34.7 million in the 1st quarter of 2011.
Thanks to a positive economic environment and the resulting strong ongoing
demand for all product groups worldwide, H&R WASAG AG exceeded financial
analysts' expectations in the first three months of the year.
Based on preliminary figures, revenues amounted to EUR 290.4 million in the
1st quarter (previous year: EUR 254.0 million), EBITDA came in at EUR 34.7
million (previous year: EUR 24.2 million) and EBT totalled EUR 26.9 million
(previous year: EUR 17.2 million).
However, the margins for many crude oil-based speciality products shrank
dramatically towards the end of the quarter due to the sharp rise in raw
materials costs. Further price adjustments are therefore unavoidable.
It is unlikely that the company will repeat this performance in subsequent
quarters. However, the excellent start to the year puts another three-digit
full-year operating result (EBITDA in EUR million) within reach
despite the highly volatile prices for raw materials and products.
The final report for the 1st quarter of 2011 will be published as planned
on 13 May 2011.
Contact:
H&R WASAG AG, Investor Relations/Communications, Christian Pokropp
Neuenkirchener StraÃe 8, 48499 Salzbergen, Germany
Phone: +49 (0) 40-43218-321, Fax: +49 (0) 40-43218-390, Email:
Christian.Pokropp@hur-wasag.de
www.hur-wasag.com
H&R WASAG AG:
H&R WASAG 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 statement.
Kontakt:
H&R WASAG AG
Investor Relations / Public Relations
Christian Pokropp
NeuenkirchenerstraÃe 8, 48499 Salzbergen
Tel.: 040-43218-321, Fax: 040-43218-390
Mail: Christian.Pokropp@hur-wasag.de
www.hur-wasag.de
26.04.2011 DGAP's 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: H&R WASAG AG
Neuenkirchener Str. 8
48499 Salzbergen
Deutschland
Phone: +49 (0)40 43 218 321
Fax: +49 (0)40 43 218 390
E-mail: investor.relations@hur-wasag.de
Internet: www.hur-wasag.de
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
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DGAP-Adhoc: H&R WASAG AG posts record result for 1st quarter of 2011
| Source: EQS Group AG