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Semperit AG Holding / Semperit impacted by weak market environment and one-off effects in 2016
Press Wire ♦
Published: March 10, 2017; 07:31 ♦ (Vindobona)
In 2016, the business development of the publicly listed Semperit Group was characterised by a persistently difficult market environment in the Industrial and Medical Sectors. While the Industrial Sector performed well contrary to the market trend, one-off effects relating to the planned termination of the joint ventures with the Thai Sri Trang-Agro Industry Public Co Ltd Group ("joint venture transaction") and high margin pressure burdened the earnings development. In 2017, high positive one-off effects from this transaction are expected in return.
Semperit AG Holding / Semperit impacted by weak market environment and one-off effects in 2016 / Picture: © Vindobona.org
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