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15.11.2016 07:01:01
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DGAP-News: H&R GmbH & Co. KGaA
DGAP-News: H&R GmbH & Co. KGaA confirms growth in earnings in Q3 2016
15.11.2016 / 07:01 The issuer is solely responsible for the content of this announcement.
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Press Release
H&R KGaA confirms growth in earnings in Q3 2016
- EBITDA improved by some 22%
- Earnings per share increased by approximately 30%
- Final quarter of 2016 gets off to a good start, with forecasts confirmed
Salzbergen (Germany), 15th November 2016. H&R KGaA has confirmed good preliminary figures for the first three quarters of 2016: The company managed - between January and September 2016 - to improve its operating income (EBITDA) by some 22% to EUR79.5 million (first three quarters of 2015: EUR65.3 million). Net earnings attributable to shareholders came to EUR37.6 million, corresponding to basic earnings per share of EUR1.05. Reflecting the individual quarters concerned, sales revenues for the overall period were, at EUR705.3 million, affected by raw material prices and about 8% down with respect to the same period of the previous year (first three quarters of 2015: EUR765.6 million).
Overview of key figures:
EUR million 9 months of 9 months of Abs. Change 2016 2015 Sales revenues 705.3 765.6 -60.3 Operating income 79.5 65.3 14.2 (EBITDA) EBIT 55.7 42.7 13.0 Pre-tax earnings 48.0 34.2 13.8 Net earnings 37.6 29.1 8.5 attributable to shareholders Consolidated earnings 1.05 0.81 0.24 per share (EUR) Cash flow from 66.9 33.7 33.2 operating activities Free cash flow 38.6 20.2 18.4 Q3 2016 Q3 2015 Abs. Change Sales revenues 240.2 240.9 -0.7 Operating income 25.1 24.2 0.9 (EBITDA) EBIT 16.7 16.7 0.0 Pre-tax earnings 14.3 13.6 0.7 Net earnings 11.3 10.9 0.4 attributable to shareholders Consolidated earnings 0.32 0.30 0.02 per share (EUR) Cash flow from 22.7 13.8 8.9 operating activities Free cash flow 11.6 10.1 1.5 9/30, 2016 12/31, 2015 Abs. Change Balance sheet total 654.6 628.8 25.8 Group equity 312.1 287.1 25.0 Equity ratio (%, 47.7 45.7 2.0* Change in %)
* Indicated in percentage points
A significant contribution of these improved results was once more attributable to the ChemPharm Refining segment, which accounted for an approximate 33% rise in EBITDA to EUR54.9 million (first three quarters of 2015: EUR41.3 million), despite a 11.5% drop in sales to EUR427.0 million (first three quarters of 2015: EUR482.6 million). Sales revenues were affected by still comparatively low prices for crude-oil, but the margins on our products, against a background of good demand and stable prices in general, have so far remained consistent throughout the 2016 financial year. International activities in the ChemPharm Sales segment delivered an EBITDA of EUR26.3 million (first three quarters of 2015: EUR25.0 million); an improvement of 5.2%. Sales revenues of EUR242.6 million since the beginning of the year are slightly down (by 1.9%) on the figure for the same period of the previous year (first three quarters of 2015: EUR247.4 million). The Plastics segment likewise achieved positive results and a clearly improved EBITDA figure (first three quarters of 2016: EUR2.0 million; same period of 2015: -EUR0.2 million). In terms of sales revenues (first three quarters of 2016: EUR42.5 million; same period of 2015: EUR45.8 million), the figure was about 7.2% down on the previous year.
The company has seen out the first three quarters with good results, and the final quarter has also got off to a fine start. Our expectations for the end of 2016 involve, against a background of unrelentingly high sensitivity to the state of markets and product prices, somewhat less dynamic business development. At the same time, the management confirms the increased EBITDA forecast issued in August, with its approximate figure of EUR95.0 million.
For detailed statements on the business and earnings trend, please consult the company's report for the third quarter of 2016 published today in the "Downloads" section of H&R KGaA's website at www.hur.com.
Contact information: H&R GmbH & Co. KGaA, 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 GmbH & Co. KGaA (formerly 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. The statements are based on the current estimates and forecasts by the Executive Board and the information available to the Board at this time. These forward-looking statements do not provide any warranty for the future developments and results contained therein. The future developments and results are dependent on a number of factors; they entail various risks and contingencies and are based on assumptions which could prove to be incorrect. We do not assume any responsibility for updating the forward- looking statements contained in this press release.
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15.11.2016 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
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Language: English Company: H&R GmbH & Co. KGaA 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, Tradegate Exchange End of News DGAP News Service ---------------------------------------------------------------------------
520729 15.11.2016
DGAP-News: H&R GmbH & Co. KGaA / Key word(s): Quarterly / Interim Statement/9-month figures H&R GmbH & Co. KGaA confirms growth in earnings in Q3 2016
15.11.2016 / 07:01 The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
Press Release
H&R KGaA confirms growth in earnings in Q3 2016
- EBITDA improved by some 22%
- Earnings per share increased by approximately 30%
- Final quarter of 2016 gets off to a good start, with forecasts confirmed
Salzbergen (Germany), 15th November 2016. H&R KGaA has confirmed good preliminary figures for the first three quarters of 2016: The company managed - between January and September 2016 - to improve its operating income (EBITDA) by some 22% to EUR79.5 million (first three quarters of 2015: EUR65.3 million). Net earnings attributable to shareholders came to EUR37.6 million, corresponding to basic earnings per share of EUR1.05. Reflecting the individual quarters concerned, sales revenues for the overall period were, at EUR705.3 million, affected by raw material prices and about 8% down with respect to the same period of the previous year (first three quarters of 2015: EUR765.6 million).
Overview of key figures:
EUR million 9 months of 9 months of Abs. Change 2016 2015 Sales revenues 705.3 765.6 -60.3 Operating income 79.5 65.3 14.2 (EBITDA) EBIT 55.7 42.7 13.0 Pre-tax earnings 48.0 34.2 13.8 Net earnings 37.6 29.1 8.5 attributable to shareholders Consolidated earnings 1.05 0.81 0.24 per share (EUR) Cash flow from 66.9 33.7 33.2 operating activities Free cash flow 38.6 20.2 18.4 Q3 2016 Q3 2015 Abs. Change Sales revenues 240.2 240.9 -0.7 Operating income 25.1 24.2 0.9 (EBITDA) EBIT 16.7 16.7 0.0 Pre-tax earnings 14.3 13.6 0.7 Net earnings 11.3 10.9 0.4 attributable to shareholders Consolidated earnings 0.32 0.30 0.02 per share (EUR) Cash flow from 22.7 13.8 8.9 operating activities Free cash flow 11.6 10.1 1.5 9/30, 2016 12/31, 2015 Abs. Change Balance sheet total 654.6 628.8 25.8 Group equity 312.1 287.1 25.0 Equity ratio (%, 47.7 45.7 2.0* Change in %)
* Indicated in percentage points
A significant contribution of these improved results was once more attributable to the ChemPharm Refining segment, which accounted for an approximate 33% rise in EBITDA to EUR54.9 million (first three quarters of 2015: EUR41.3 million), despite a 11.5% drop in sales to EUR427.0 million (first three quarters of 2015: EUR482.6 million). Sales revenues were affected by still comparatively low prices for crude-oil, but the margins on our products, against a background of good demand and stable prices in general, have so far remained consistent throughout the 2016 financial year. International activities in the ChemPharm Sales segment delivered an EBITDA of EUR26.3 million (first three quarters of 2015: EUR25.0 million); an improvement of 5.2%. Sales revenues of EUR242.6 million since the beginning of the year are slightly down (by 1.9%) on the figure for the same period of the previous year (first three quarters of 2015: EUR247.4 million). The Plastics segment likewise achieved positive results and a clearly improved EBITDA figure (first three quarters of 2016: EUR2.0 million; same period of 2015: -EUR0.2 million). In terms of sales revenues (first three quarters of 2016: EUR42.5 million; same period of 2015: EUR45.8 million), the figure was about 7.2% down on the previous year.
The company has seen out the first three quarters with good results, and the final quarter has also got off to a fine start. Our expectations for the end of 2016 involve, against a background of unrelentingly high sensitivity to the state of markets and product prices, somewhat less dynamic business development. At the same time, the management confirms the increased EBITDA forecast issued in August, with its approximate figure of EUR95.0 million.
For detailed statements on the business and earnings trend, please consult the company's report for the third quarter of 2016 published today in the "Downloads" section of H&R KGaA's website at www.hur.com.
Contact information: H&R GmbH & Co. KGaA, 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 GmbH & Co. KGaA (formerly 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. The statements are based on the current estimates and forecasts by the Executive Board and the information available to the Board at this time. These forward-looking statements do not provide any warranty for the future developments and results contained therein. The future developments and results are dependent on a number of factors; they entail various risks and contingencies and are based on assumptions which could prove to be incorrect. We do not assume any responsibility for updating the forward- looking statements contained in this press release.
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15.11.2016 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
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Language: English Company: H&R GmbH & Co. KGaA 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, Tradegate Exchange End of News DGAP News Service ---------------------------------------------------------------------------
520729 15.11.2016
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