DGAP-Adhoc: H&R Aktiengesellschaft: Preliminary results for

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News Desk 2018

Oct 14, 2013 at 4:30 AM

DGAP-Adhoc: H&R Aktiengesellschaft: Preliminary results for Q3 2013

H&R AG / Key word(s): Preliminary Results 14.10.2013 10:19 Dissemination of an Ad hoc announcement according to Â§ 15 WpHG, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- H&R Aktiengesellschaft: Preliminary results for Q3 2013 - Expectations adjusted downwards for 2013 as a whole Salzbergen, 11/10/2013. According to preliminary calculations, in the third quarter of financial 2013 H&R Aktiengesellschaft (ISIN DE0007757007) recorded sales revenue of EUR 353.6 million and an operating group earnings result (EBITDA) before one-time expenditures of EUR 9.7 million. The past quarter once again demonstrated better earnings performance than the preceding three months. As compared to the third quarter of the previous year (EUR 20.3 million), however, the period July - September 2013 returned a distinct decline. After a rise in basic oil prices at the start of the year, since the summer these prices have remained below the level of the previous year, thus exercising pressure on profits. Over the entire nine-month period, with preliminary turnover of EUR 941.1 million (first nine months of 2012: EUR 946.0 million), the Company achieved adjusted operating profits of approximately EUR 23 million (comparable period last year: EUR 46.3 million). The operating profit, adjusted for one-time effects, was approximately EUR 25 million for the nine month period. The Company's financial covenants were once again fully met as of the end of the quarter. For the final quarter of 2013, H&R Aktiengesellschaft expects the current trend to continue. Against the background of the somewhat slow recovery in the earnings situation, the adjusted operating full year earnings (EBITDA) figure is, in 2013, expected to reach between EUR 33 and EUR 38 million, thus failing to match the prior year's results of EUR 49.4 million. Sales are forecast to reach EUR 1.2 billion. The final figures and further information on the business trends experienced to date in 2013 will be published on 14 November 2013 in the report on the first nine months of the year. Contact: H&R AG, Investor Relations / Communications, Ties Kaiser Neuenkirchener StraÃ?e 8, 48499 Salzbergen, Germany Phone: +49 40 43218-321, Fax: +49 40 43218-390 Email: Ties.Kaiser@hur.com www.hur.com H&R AG: H&R AG is an SDAX listed specialist chemicals company. It develops and manufactures crude oil-based chemical and pharmaceutical products and high-precision plastic parts. Forward-looking statements and forecasts: This ad-hoc communication contains forward-looking statements. These statements are based on current estimates and forecasts made by the Executive Board and the information available to the Board at this time. Forward-looking statements should not be interpreted as guarantees that the projected future developments and results will materialise. Future developments and results are dependent on a range of factors. They comprise various risks and imponderables and rest on assumptions which may prove incorrect. We do not accept any obligation to update the forward-looking statements made in this ad-hoc communication. 14.10.2013 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: H&R AG 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 Indices: SDAX Listed: Regulierter Markt in DÃ¼sseldorf, Frankfurt (Prime Standard), Hamburg; Freiverkehr in Berlin, Hannover, MÃ¼nchen, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------

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