Semperit: Substantial Rise in Earnings

IndustrialsIndustrial Goods ♦ Published: February 18, 2011; 00:14 ♦ (Vindobona)

The Semperit Group could achieve a new revenue and earnings record in 2010. Revenue was up by 17.2%, EBIT rose by 18.4%.

Semperit: Substantial Rise in Earnings / Picture: © Auto & Hifibedarf O&N

Based on a clearly improved level of demand, total revenue of the Semperit Group rose by 17.2% to € 689.4 m in the 2010 financial year. At the same time, despite massive price rises for the most important raw materials, the operating result (EBIT) could be increased by 18.4% to € 82.4m, and the earnings before interest, tax, depreciation and amortization (EBITDA) also reached an…