EQS-News: Semperit AG Holding Semperit successfully completes sale of medical business and focuses on growth in industrial core business

EQS-News: Semperit AG Holding / Key word(s): Disposal/Strategic Company
Decision
Semperit AG Holding Semperit successfully completes sale of medical
business and focuses on growth in industrial core business

31.08.2023 / 11:22 CET/CEST
The issuer is solely responsible for the content of this announcement.

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Semperit successfully completes sale of medical business and focuses on
growth in industrial core business

 

• Transformation into industrial rubber/elastomer specialist implemented
• Payment of additional dividend of EUR 3.00 per share on 14 September
2023

 

Vienna, 31 August 2023 – The Semperit Group has successfully completed the
sale of its medical business to the Southeast Asian glove manufacturer
HARPS GLOBAL PTE. LTD. After receiving all regulatory approvals, the
closing took place as planned today, 31 August 2023, in Vienna. The
purchase price for the entire medical business agreed upon signing the
contract in December 2022 amounted to EUR 115 million (cash and debt free)
and was subject to usual price adjustment mechanisms; the final purchase
price will be determined in each case retrospectively based on the interim
balance sheet as of the closing date.

“With the divestment of the medical business, we have implemented our
transformation into an industrial rubber resp. elastomer specialist and
will fully focus on the further development and expansion of our leading
position in the core business for industrial polymer products in the
future. This is where we see the greatest long-term potential for
Semperit. An important growth step has already been taken with the
acquisition of the Rico Group,” says Semperit CEO Karl Haider. “At the
same time, we have found a responsible owner for the medical division in
HARPS, which specialises in the glove business and thus expands its
product portfolio and sales markets.”

With the closing, the Semperit Group has disposed of the production of
examination gloves and porcelain dip mouldings for the manufacture of
gloves in Malaysia, as well as the global sales and distribution units, in
line with its strategy. This does not include the production of surgical
gloves in Wimpassing, Austria, and their packaging in Sopron, Hungary,
which will continue contract manufacturing for HARPS for several years.

Payment of additional dividend

With the sale of the medical business, all conditions precedent for the
entitlement to and payment of the additional dividend in the amount of EUR
3.00 per share for the 2022 financial year have been fully met. The
payment to shareholders will be made on 14 September 2023. As of 11
September 2023, the shares of Semperit AG Holding will be traded ex
additional dividend. The record date is 12 September 2023.

 

 

Contact:

Bettina Schragl Judit Helenyi
Director Group Communications, IR Director Investor Relations
and     Brand Management / Spokeswoman  
+43 676 8715 8257 +43 676 8715 8310
[1]bettina.schragl@semperitgroup.com [2]judit.helenyi@semperitgroup.com

[3] www.semperitgroup.com

[4] www.linkedin.com/company/semperit-ag

 

About Semperit
The publicly listed Semperit AG Holding is an internationally oriented
group of companies that develops and manufactures polymer products and
sells them in over 100 countries worldwide with its two divisions,
Industrial Applications and Engineered Applications. The Industrial
Applications division focuses on industrial applications with highly
efficient production and cost leadership; they include hydraulic and
industrial hoses as well as profiles. The Engineered Applications division
comprises escalator handrails, conveyor belts, cable car rings, other
engineered elastomer products as well as the Rico Group and focuses on
customised technical solutions. The traditional Austrian company was
founded in 1824 and is headquartered in Vienna. At the end of 2022, the
Group had 16 production sites worldwide and numerous sales offices in
Europe, Asia, Australia and America. In the 2022 financial year, the Group
generated sales of EUR 779.8 million and EBITDA of EUR 100.5 million in
continued operations.

 

 

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31.08.2023 CET/CEST This Corporate News was distributed by EQS Group AG.
www.eqs.com

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Language: English
Company: Semperit AG Holding
Am Belvedere 10
1100 Wien
Austria
Phone: +43 1 79 777-310
Fax: +43 1 79 777-602
E-mail: judit.helenyi@semperitgroup.com
Internet: www.semperitgroup.com
ISIN: AT0000785555
Listed: Vienna Stock Exchange (Official Market)
EQS News ID: 1715995

 
End of News EQS News Service

1715995  31.08.2023 CET/CEST

References

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