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07.11.2012 – 07:02

Simona AG

EANS-Interim Report: SIMONA AG
Zwischenmitteilung

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  Intermediate report of the management pursuant to section 37x of the WpHG
  transmitted by euro adhoc. The issuer is responsible for the content of this
  announcement.
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SIMONA in Q3 2012: Sales revenue up on second quarter - Earnings performance
stable but not fully satisfactory

Kirn, 7 November 2012. Sales generated by the SIMONA Group developed at a
satisfactory level over the course of the third quarter of 2012. Sales revenue
amounted to EUR 78.1 million, thus almost reaching the level achieved in the
third quarter of 2011 (EUR 78.9 million). Compared to the second quarter of 2012
(EUR 76.4 million), the Group managed to lift sales revenue by 2.2 per cent. In
total, the SIMONA Group generated sales revenue of EUR 227.2 million in the
period up to 30 September 2012. This corresponds to a decline of 5.8 per cent
compared to the same period a year ago (EUR 241.2 million), which was
attributable mainly to the significant downturn in sales revenue during the
first two quarters.

 
The global business environment in which SIMONA operates continues to be
dominated by a general lack of confidence within the processing industry and a
concomitant reduction in investment spending. Against this backdrop, sales
volumes relating to sheets made of PE, PP and fluoroplastics, with a particular
focus on chemical tank and equipment engineering as well as the solar energy
industry, remain below target. Gains made within the area of PE pipes, which are
used primarily within the water utilities industry, provided forward momentum
for the Pipes and Fittings product category.

 
Although earnings were stable, they failed to reach fully satisfactory levels
after the very strong performance in the previous year. Commodity prices fell
slightly at the beginning of the third quarter. However, the decline was only
temporary, with prices now having returned to levels beyond those recorded in
the first half of 2012. Overall, the elevated and volatile raw material prices
continue to exert downward pressure on gross profit margins. Earnings before
taxes (EBT) for the first nine months of 2012 totalled EUR 10.6 million (prev.
year: EUR 16.3 million), or 4.7 per cent of sales (prev. year: 6.7 per cent).
EBIT amounted to EUR 10.0 million (prev. year: EUR 16.2 million), or 4.4 per
cent of sales (prev. year: 6.7 per cent).

There were no significant changes to the company's financial position or cash
flows in the first nine months of 2012. The Group saw a further increase in
liquidity compared to 31 December 2011 (+EUR 3.5 million), with the figure
rising to a solid EUR 59.9 million.

The target of Group revenue in excess of EUR300 million and an EBIT margin of 5
per cent for the 2012 financial year as a whole will only be achievable if the
global economy puts in a particularly strong performance in the fourth quarter.

The Management Board

end of announcement                               euro adhoc 
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issuer:      SIMONA AG
             Teichweg 16
             D-55606 Kirn
phone:       +49(0) 6752-14-0
FAX:         +49(0) 6752-14-738
mail:     info@simona.de
WWW:      http://www.simona.de
sector:      Chemicals
ISIN:        DE0007239402
indexes:     
stockmarkets: free trade: Berlin, regulated dealing/general standard: Frankfurt 
language:   English
 

Original content of: Simona AG, transmitted by news aktuell