Semperit - Sempermed for sale
-Semperit announced to divest the medical business, Sempermed devision. The company aims to focus on the Industrial Sector going forward, transforming Semperit into an industrial rubber specialist. No further details on the divestment of Sempermed were released.-A sales price and potential restructuring costs will only be derived from the specific transaction structure.
-After the recent impairment the book value of Sempermed stands at EUR 77 mn, thereof the working capital value stands at EUR 59 mn and EUR 13 mn is attributable to PPE
-Divesting the medical business, Semperit targets an EBITDA margin of approx. 13% vs. the target of 10% in its current group structure.
-The group plans to grow again into a significantly higher revenues through organic growth and M&A.
Semperit is a holding company, engaged in developing, producing and selling specialized rubber and plastic products for the medical and industrial sectors. Co. has 20 production facilities in 12 countries. In addition, Co. operates a distribution network with branches in Asia, Europe and North and South America. Co.'s products are sold to providers in the medical and industrial sectors, who are supplied with specialised rubber and plastic products. Co.'s main product categories include examination and surgical gloves, hydraulic and industrial hoses, conveyor belts, escalator handrails, construction profiles, cable car rings, ski foils and products for railway superstructures.
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