H&R GmbH & Co. KGaA
H&R GmbH & Co. KGaA: Preliminary results for Q1-2017 stable, as expected
H&R GmbH & Co. KGaA / Key word(s): Quarter Results/Preliminary Results Insider information pursuant to Article 17
– Operating income (EBITDA) of EUR27.4 million at same level as the previous year’s positive first quarter (Q1 2016: EUR27.2 million) – Earnings in the Plastics division continue the positive trend – Outlook for 2017 confirmed
The biggest contribution to the stable operating income came from the ChemPharm division’s Refining and Sales segments, which together posted EUR 26.0 million of EBITDA (Q1 2016: EUR 28.8 million). While sales revenues increased from EUR 217.4 million to EUR 254.2 million over the same period, total earnings – although at the upper end of the range of earnings achieved over the past three quarters – nevertheless were slightly (EUR 2.8 million) lower than in the very strong prior-year quarter. Despite lucrative margins, good sales volumes and stable customer demand, the higher level of competitive pressure this year has prevented a repetition of the positive results achieved in the first quarter of 2016. The Plastics division continued its positive operating performance, achieving a significant improvement in EBITDA to EUR 1.7 million in the first quarter of 2017, compared to EUR 0.2 million in the first quarter of 2016. Sales revenues increased by EUR 2.2 million from EUR 13.5 million in the first quarter of 2016 to EUR 15.7 million in the first quarter of 2017.
All in all, the company started the current financial year with stable preliminary figures for the first quarter. Given the sensitivity of market rates and product prices, as well as current social and political challenges, H&R KGaA considers it advisable, for the time being, to confirm its 2017 forecast range of EUR 86.0 to EUR 100.0 million and to refrain from a more specific forecast at this early stage. Final figures for the first quarter of 2017 will be published on 12 May 2017, as scheduled. H&R KGaA’s Annual Shareholders’ Meeting will be held in Hamburg on 18 May 2017. Contact information: H&R GmbH & Co. KGaA: Forward-looking statements and forecasts:
02-May-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
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 Announcement | DGAP News Service |