DGAP-News: H&R Aktiengesellschaft / Key word(s): Final Results/Miscellaneous
H&R Aktiengesellschaft confirms good figures for FY 2015
21.03.2016 / 06:59
The issuer is solely responsible for the content of this announcement.
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Press Release
H&R AG confirms good figures for FY 2015
- EBITDA increases by EUR54.5 million to hit EUR86.0 million
- Full year with strong customer demand and high sales volume
- Cash flow and equity significantly improved
Salzbergen (Germany), 21 March 2016. The company H&R Aktiengesellschaft
(ISIN DE0007757007) has achieved earnings before interest, taxes,
depreciation and amortization (EBITDA) of EUR86.0 million (2014: EUR31.5
million). EBIT also developed very positively, to rise by EUR43.4 million
to EUR49.2 million (2014: EUR5.8 million). Earnings before tax (EBT)
followed a similar curve, totaling EUR34.8 million for the year under
review (2014: EUR-7.8 million); an increase of EUR42.6 million with respect
to the previous year.
Net earnings were, on balance and at EUR27.5 million (2014: EUR-15.4
million), EUR42.9 million above the previous year's figure.
The significant improvements were achieved in sales revenues amounting to
EUR982.9 million; i.e. about 7% less than in the previous year (2014:
EUR1,058.6 million). This was due above all to lower-than-average crude oil
prices.
Significant growth in earnings of chemical-pharmaceutical core business
The business division chemical-pharmaceutical raw material with its
segments Refining and Sales increased its contribution to group EBITDA
significantly, showing EUR88.4 million, compared to previous year's EUR37.0
million. The development was supported by ongoing strong customer demand,
even in the final months of the year, improved quantity of sales, and
coincidently good margins for our core and by-products.
The plastics segment improved as well; with a slight increase of earning by
EUR0.7 million, it remained negative (EBITDA 2015: EUR-0.8 million; 2014:
EUR-1.5 million).
Clear improvement in cash flow
There was a clear rise in operational cash flow by EUR56.8 million over the
year as a whole, from EUR-0.4 million to EUR56.4 million. Despite higher
investment activities of EUR28.1 million (2014: EUR10.1 million), free cash
flow also shows the significant improvement of the company, rising from
EUR-10.5 million to EUR28.4 million.
The balance sheet total at the end of the 2015 financial year was reduced
to EUR628.8 million (31.12.2014: EUR706.6 million). The company's equity
increased, by the reporting date, to EUR287.1 million (31.12.2014: EUR248.9
million). These changes relate directly to higher retained earnings
resulting from improved group earnings. Even with the lower balance sheet
total, equity stood at 45.7%.
Outlook 2016
The trend in demand and sales volumes continued at the beginning of 2016,
laying the foundation for the company to successfully position itself in
the market in 2016 as well. We expect our operating income (EBITDA) figure
at the same level as last year.
For a detailed presentation of the business development, the company refers
to the Annual Report, published today and available for download as PDF
file on www.hur.com.
Key Figures H&R AG:
<pre>
in Mio. EUR 2015 2014 - / +
Sales revenues 982.9 1,058.6 -75.7
Operative earnings (EBITDA) 86.0 31.5 54.5
in % of sales revenues 8.7 3.0 5.7
EBIT 49.2 5.8 43.4
Earnings before taxes 34.8 -7.8 42.6
Consolidated earnings after taxes 27.4 -15.6 43.0
Net profit / loss to shareholders 27.5 -15.4 42.9
Earnings per share (EUR) 0.77 -0.49 1.26
Cash flow from operating activities 56.4 -0.4 56.8
31.12.15 31.12.14 - / +
Balance sheet total 628.8 706.6 -77.8
Equity 287.1 248.9 38.2
Equity ratio (%) 45.7 35.2 10.5
Employees (headcount) 1.568 1.553 15
</pre>
Key Figures Segments:
<pre>
in Mio. EUR 2015 2014 - / +
Sales revenues
Chem.-pharm. Raw Materials / Refining 614.3 768.7 -154.4
Chem.-pharm. Raw Materials / Sales 320.2 244.7 75.5
Plastics 60.1 56.5 3.6
Reconciliation -11.6 -11.3 -0.3
EBITDA
Chem.-pharm. Raw Materials / Refining 53.3 18.2 35.1
Chem.-pharm. Raw Materials / Sales 35.1 18.8 16.3
Plastics -0.8 -1.5 0.7
Reconciliation -1.5 -3.9 2.4
</pre>
Upcoming dates:
<pre>
13 May, 2016 Publication of First Quarter Results 2016
18 May, 2016 Annual Shareholder Meeting in Hamburg
12 August, 2016 Publication of Half Year Report 2016
15 November, 2016 Publication of Third Quarter Results 2016
</pre>
Contact information:
H&R AG, Investor Relations/Communications, Ties Kaiser
Neuenkirchener Strasse 8, 48499 Salzbergen
Tel.: +49 40 43218-321, Fax: +49 40 43218-390
E-mail: Ties.Kaiser@hur.com
www.hur.com
H&R AG:
H&R AG is a specialty-chemicals company listed on the Frankfurt Stock
Exchange's Prime Standard segment. It develops and manufactures
crude-oil-based chemical and pharmaceutical specialty products and produces
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 press release.
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Language: English
Company: H&R Aktiengesellschaft
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: Regulated Market in Dusseldorf, Frankfurt (Prime
Standard), Hamburg; Regulated Unofficial Market in Berlin,
Hanover, Munich, Stuttgart
End of News DGAP News Service
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447083 21.03.2016
DGAP-News: H&R Aktiengesellschaft confirms good figures for FY 2015
| Source: EQS Group AG