EANS-Interim Report: SIMONA AG
Zwischenmitteilung
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Intermediate report of the management pursuant to section 37x of the WpHG
transmitted by euro adhoc. The issuer is responsible for the content of this
announcement.
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4053205-802005
Interim Announcement within the First Half of 2012
SIMONA slightly below target in first quarter - Earnings performance
satisfactory
Kirn, 25 April 2012. The slowdown in the global economy since the fourth quarter
of 2011 was also felt by the SIMONA Group in the first quarter of 2012. Sales
revenue totalled E72.7 million in this period, down 5.5 per cent on the figure
recorded in the very solid first quarter of 2011. However, compared with the
preceding quarter (Q1 2012 vs. Q4 2011), the Group again managed to generate
growth. Sales revenue was up 8.0 per cent on the figure posted for the fourth
quarter of 2011.
Confidence within the manufacturing industry has generally deteriorated at a
global level. This has adversely affected investment spending and exports among
customers operating in the chemical and mechanical engineering industries, which
are of particular importance to SIMONA's business. Against this backdrop, sales
volumes of PP and fluoroplastic sheets used in chemical tank and apparatus
engineering were hit particularly hard. By contrast, pipes and fittings made of
PE, which are used primarily in the area of water supply and disposal, generated
growth with regard to both sales revenue and sales volumes.
Earnings performance was satisfactory. Owing to lower sales revenue, however,
profit was down on the solid figure posted for the same period a year ago. The
continued surge in commodity prices during the first quarter exerted downward
pressure on the Group's gross profit margin as well as earnings. Profit before
taxes amounted to E3.4 million, or 4.6% of sales revenue, in the first three
months of 2012. In the same period a year ago, profit before taxes had stood at
E5.4 million, or 7.0% of sales revenue. EBIT for the first quarter was E3.3
million.
There were no significant changes to the company's financial position or cash
flows in the first three months of 2012.
For the financial year 2012 as a whole, the SIMONA Group has set a revenue
target in excess of E300 million. Eastern Europe is expected to provide the main
stimulus for growth. SIMONA will be targeting an EBIT margin of at least 5 per
cent.
The Management Board
end of announcement euro adhoc
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issuer: SIMONA AG
Teichweg 16
D-55606 Kirn
phone: +49(0) 6752-14-0
FAX: +49(0) 6752-14-738
mail: info@simona.de
WWW: http://www.simona.de
sector: Chemicals
ISIN: DE0007239402
indexes:
stockmarkets: free trade: Berlin, regulated dealing/general standard: Frankfurt
language: English
Original content of: Simona AG, transmitted by news aktuell