Press Release 1st Quarter 2012 - Simona AG

Press Contact
Eric Schönel
Head of Marketing & Communication
Tel.: +49 (0) 67 52 14-997
Fax: +49 (0) 67 52 14-738
eric.schoenel@simona.de
www.simona.de
SIMONA slightly below target in first
quarter – Earnings performance
satisfactory
Kirn, 25 April 2012. The slowdown in the global economy since the fourth
quarter of 2011 was also felt by the SIMONA Group in the first quarter of
2012. Sales revenue totalled €72.7 million in this period, down 5.5 per cent
on the figure recorded in the very solid first quarter of 2011. However,
compared with the preceding quarter (Q1 2012 vs. Q4 2011), the Group
again managed to generate growth. Sales revenue was up 8.0 per cent on
the figure posted for the fourth quarter of 2011.
Confidence within the manufacturing industry has generally deteriorated at
a global level. This has adversely affected investment spending and
exports among customers operating in the chemical and mechanical
engineering industries, which are of particular importance to SIMONA's
business. Against this backdrop, sales volumes of PP and fluoroplastic
sheets used in chemical tank and apparatus engineering were hit
particularly hard. By contrast, pipes and fittings made of PE, which are
used primarily in the area of water supply and disposal, generated growth
with regard to both sales revenue and sales volumes.
Earnings performance was satisfactory. Owing to lower sales revenue,
however, profit was down on the solid figure posted for the same period a
year ago. The continued surge in commodity prices during the first quarter
exerted downward pressure on the Group's gross profit margin as well as
earnings. Profit before taxes amounted to €3.4 million, or 4.6% of sales
revenue, in the first three months of 2012. In the same period a year ago,
profit before taxes had stood at €5.4 million, or 7.0% of sales revenue.
EBIT for the first quarter was €3.3 million.
There were no significant changes to the company's financial position or
cash flows in the first three months of 2012.
For the financial year 2012 as a whole, the SIMONA Group has set a
revenue target in excess of €300 million. Eastern Europe is expected to
provide the main stimulus for growth. SIMONA will be targeting an EBIT
margin of at least 5 per cent.
SIMONA AG · Teichweg 16 · D-55606 Kirn · Phone +49(0)6752 14-0 · Fax +49(0)6752 14-211 · mail@simona.de · www.simona.de
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Press Contact
Eric Schönel
Head of Marketing & Communication
Tel.: +49 (0) 67 52 14-997
Fax: +49 (0) 67 52 14-738
eric.schoenel@simona.de
www.simona.de
About SIMONA:
SIMONA AG is a manufacturer of thermoplastic products with production facilities and sales
offices around the globe. The company's product portfolio includes semi-finished products
(sheets, profiles, welding rods), pipes and fittings as well as finished parts. SIMONA employs
more than 1,200 people worldwide. In total, 35,000 products for a diverse range of
applications are manufactured at facilities in Germany and abroad. Annual production
exceeds 100,000 tonnes. SIMONA AG is a stock corporation listed in the General Standard.
The company's registered office is in Kirn, Rhineland-Palatinate (Germany).
SIMONA aims to generate Group revenue of €500 million by 2014 and emerge as one of the
world's leading suppliers of extruded semi-finished thermoplastics for safety-critical and ecospecific
applications.
Copy of article appreciated
SIMONA AG · Teichweg 16 · D-55606 Kirn · Phone +49(0)6752 14-0 · Fax +49(0)6752 14-211 · mail@simona.de · www.simona.de
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