Semperit Announces Earnings and Sales Growth
Published: May 10, 2011; 10:38 · (Vindobona)
Revenue increase of +27% to € 194 m - rising costs of materials increased pressure on margins - Earnings after tax up +20% to € 11 m
Semperit Announces Earnings and Sales Growth / Picture: © Semperit
The first quarter 2011 proceeded satisfactorily for the Semperit Group. On basis of increased demand in almost all markets, total revenue of the Semperit Group climbed by +27% to € 194 m. In addition to the higher level of sales, the underlying reason was the large-scale selling price increases, in some cases in the double-digit range.
Earnings before interest,…
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