DGAP-News: H&R GmbH & Co. KGaA : Company continues its good

DGAP-News: H&R GmbH & Co. KGaA / Key word(s): Quarterly / Interim Statement/Half Year Results H&R GmbH & Co. KGaA : Company continues its good business performance and confirms preliminary figures for the first half of 2016 12.08.2016 / 07:30 The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Press Release H&R GmbH & Co. KGaA (formerly: H&R AG) continues its good business performance and confirms preliminary figures for the first half of 2016 - EBITDA improves by more than 30% compared to the first half of 2015 - Positive earnings performance across all segments - Additional earnings potential of around 10% for 2016 Salzbergen, 12 August 2016. H&R KGaA confirms that the good performance at the beginning of the year continued right through to the end of the first half of 2016: the company achieved a more than 30% increase in operating income (EBITDA) to EUR54.4 million (first half of 2015: EUR41.2 million). EBIT amounted to EUR39.0 million (first half of 2015: EUR26.0 million), a year-on-year increase of 50%. For the first half as a whole, pre-tax earnings (EBT) improved by almost 63% to EUR33.7 million (first half of 2015: EUR20.7 million). Consolidated net income increased by more than 44% to EUR26.3 million (first half of 2015: EUR18.2 million). As a result, H&R KGaA generated earnings per share of EUR0.73. Due to prices of raw materials, sales revenues of EUR465.1 million were again lower than the prior-year figure (first half of 2015: EUR524.7 million). Overview of Key Figures: <pre> EUR million First half of First half of 2015 Abs. change 2016 Sales revenues 465.1 524.7 -59.6 Operating income 54.4 41.2 13.2 (EBITDA) EBIT 39.0 26.0 13.0 Pre-tax earnings 33.7 20.7 13.0 Net profit 26.3 18.2 8.1 attributable to shareholders Consolidated 0.73 0.51 0.22 earnings per share (EUR) Operating cash flow 44.2 19.9 24.3 Free cash flow 27.0 10.1 16.9 Q2 2016 Q2 2015 Abs. change Sales revenues 237.1 261.8 -24.7 Operating income 27.2 25.7 1.5 (EBITDA) EBIT 19.5 17.9 1.6 Pre-tax earnings 17.1 15.6 1.5 Net profit 12.8 13.4 -0.6 attributable to shareholders Consolidated 0.35 0.38 -0.03 earnings per share (EUR) Operating cash flow 19.8 22.9 -3.1 Free cash flow 11.4 18.9 -7.5 30.6.2016 31.12.2015 Abs. change Balance sheet total 647.9 628.8 19.1 Group equity 303.6 287.1 16.5 Equity ratio (in %, 46.9 45.7 1.2 Change in percentage points) </pre> A significant contribution to the improved earnings situation came from the ChemPharm Refining segment, where EBITDA increased by around 37% to EUR39.0 million (first half of 2015: EUR28.4 million), EUR18.2 million of which was generated in the second quarter of 2016 (Q2 2015: EUR18.6 million). Due to prices of raw materials, segment sales revenues decreased to EUR283.7 million (first half of 2015: EUR335.6 million). Of this amount, EUR143.7 million was attributable to the second quarter of 2016 (Q2 2015: EUR167.4 million). Compared to the previous year, the international businesses included in the ChemPharm Sales segment likewise reported considerably higher operating income of EUR8.9 million in the second quarter of this year (up 3.5%) and EUR16.8 million in the first half of this year (up 15%) (Q2 2015: EUR8.6 million; first half of 2015: EUR14.6 million). The trend in sales revenues was somewhat more restrained in the first half of 2016 (at EUR157.9 million, a 5% decrease from EUR165.3 million in the first half of 2015) and in the second quarter of 2016 (at EUR80.4 million, down 3% from EUR83.2 million in Q2 2015), respectively. The Plastics segment generated positive EBITDA in both the second quarter (EUR0.8 million) and the first half (EUR0.9 million) of 2016 (Q2 2015: EUR0.0; first half of 2015: EUR0.3 million). Compared to the prior-year figures, sales revenues were lower at EUR14.9 million for the second quarter and EUR28.4 million for the first half of 2016 (Q2 2015: EUR16.6 million; first half of 2015: EUR31.8 million), but picked up noticeable momentum again in the second quarter of 2016. Following two good quarters, management expects somewhat less dynamic business performance overall in the second half of 2016. Nevertheless, management considers it advisable to update the original 2016 EBITDA forecast of EUR86.0 million: provided that the prices and margins for its products continue to be stable overall, the company now believes there is an additional earnings potential of around 10%. For detailed statements on the business and earnings trend, please consult the company's interim report for the second quarter of 2016 published today in the "Publications" 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. --------------------------------------------------------------------------- 12.08.2016 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 --------------------------------------------------------------------------- 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 --------------------------------------------------------------------------- 491955 12.08.2016