EQS-Adhoc: Semperit AG Holding sells medical business to Southeast Asian glove producer HARPS
EQS-Ad-hoc: Semperit AG Holding / Key word(s): Strategic Company
Decision/Disposal
Semperit AG Holding sells medical business to Southeast Asian glove
producer HARPS
16-Dec-2022 / 14:39 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the
Regulation (EU) No 596/2014, transmitted by EQS News – a service of EQS
Group AG.
The issuer is solely responsible for the content of this announcement.
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Disclosed inside information / Ad hoc release
Semperit sells medical business to Southeast Asian glove producer HARPS
Vienna, Austria, 16.12.2022 – Semperit AG Holding has reached an agreement
with the Southeast Asian glove producer HARPS GLOBAL PTE. LTD., based in
Singapore with production facilities in Malaysia, on the sale of its
medical business (Sempermed; surgical and examination gloves). The
contract was signed in Vienna today.
The execution of the transaction is subject to the approval of the
competent authorities; it is expected for the second quarter of 2023.
Initially, the production of surgical gloves in Wimpassing, Austria, and
their packaging in Sopron, Hungary, will be excluded from the transaction
and will continue as contract manufacturing for the buyer for several
years. The sales price (cash and debt free) is EUR 115 million and is
subject to customary price adjustment mechanisms upon completion of the
transactions.
In this context, an impairment reversal in the order of approximately EUR
30-35 million for the assets of Sempermed is expected; the exact amount
will be announced with the publication of the annual results for 2022 on
22 March 2023.
For queries, please contact:
Monika Riedel
Director Group Brand Management,
Corporate Spokesperson
+43 676 8715 8620
[1]monika.riedel@semperitgroup.com
Judit Helenyi
Director Investor Relations
+43 676 8715 8310
[2]judit.helenyi@semperitgroup.com
[3] www.semperitgroup.com
[4] www.linkedin.com/company/semperit-ag
About Semperit
The publicly listed company Semperit AG Holding is an internationally
oriented group that develops and produces highly specialised polymer
products for the industrial and medical sectors, selling them in over 100
countries around the world: hydraulic and industrial hoses, conveyor
belts, escalator handrails, construction profiles, cable car rings,
products for railway superstructures, and examination and surgical gloves.
Founded in 1824, this long-standing Austrian company has its headquarters
in Vienna, Austria. The Semperit Group employs around 7,000 people
worldwide, including some 3,800 in Asia and approximately 900 in Austria
(Vienna and production site Wimpassing, Lower Austria). The Group has 16
manufacturing facilities worldwide and numerous sales offices in Europe,
Asia, Australia, and America. In the 2021 financial year, the Group
generated revenue of EUR 1,182.2 million and an EBITDA of EUR 361.8
million.
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16-Dec-2022 CET/CEST News transmitted 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: 1515465
End of Announcement EQS News Service
1515465 16-Dec-2022 CET/CEST
References
Visible links
1. monika.riedel@semperitgroup.com
2. judit.helenyi@semperitgroup.com
3. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=a1853d2543b65a06a0c38b7d8493c4a0&application_id=1515465&site_id=apa_ots_austria&application_name=news
4. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=1d0be88a25595ba48a3754775b0ada37&application_id=1515465&site_id=apa_ots_austria&application_name=news
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