Semperit AG Holding identifies probable impairment loss in Medical Sector in the order of approximately EUR 50 million
September 13, 2022 at 01:02 pm EDT
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EQS-Ad-hoc: Semperit AG Holding / Key word(s): Miscellaneous
Semperit AG Holding identifies probable impairment loss in Medical Sector in the order of approximately EUR 50 million
13-Sep-2022 / 19:00 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Disclosed inside information / Ad hoc release
Semperit identifies probable impairment loss in Medical Sector in the order of approximately EUR 50 million
Vienna, Austria, 13 September 2022 – Against the backdrop of the market dynamics for examination and protective gloves, the Executive Board of Semperit AG Holding reviewed the estimates and assumptions relevant to the valuation with regard to the Medical Sector (Sempermed segment). As a result, a probable impairment loss in the order of approximately EUR 50 million as of 30 September 2022 was identified for the segment assets of Sempermed.
The exact amount of the impairment loss will be included in the third quarter business development figures and will be disclosed at the latest with the publication of the Q1-3 2022 results on 16 November 2022.
For queries, please contact:
Monika Riedel
Director Group Brand Management,
Corporate Spokesperson
+43 676 8715 8620 monika.riedel@semperitgroup.com
Judit Helenyi
Director Investor Relations
+43 676 8715 8310 judit.helenyi@semperitgroup.com
www.semperitgroup.com
www.linkedin.com/company/semperit-ag
13-Sep-2022 CET/CEST News transmitted by EQS Group AG. www.eqs.com
Semperit AG Holding is an Austria-based holding company. The Company is engaged in the development, production and marketing of polymer products for a wide range of industrial applications such as hydraulic and industrial hoses, conveyor belts, escalator handrails, building construction profiles, cable car rings as well as railway superstructure products and many others. Its product line are used in industries such as Agriculture, Bulk Transportation Systems, Construction Industry, Manufacturing Industry, Health Care, Shipping Industry, Packaging Industry, Renewable Energy & Power Generation, Automotive Industry, Steel Industry among others. It has production facilities in over 16 countries on three continents, and maintains its own global distribution network with branches in Asia, Europe, the United States and Latin America.