Reported Earnings • May 15
First quarter 2026 earnings released: EPS: €0.43 (vs €0.35 loss in 1Q 2025) First quarter 2026 results: EPS: €0.43 (up from €0.35 loss in 1Q 2025). Revenue: €164.4m (up 8.0% from 1Q 2025). Net income: €8.92m (up €16.1m from 1Q 2025). Profit margin: 5.4% (up from net loss in 1Q 2025). The move to profitability was primarily driven by higher revenue. Revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Machinery industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 62 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 19
Full year 2025 earnings released: EPS: €0.02 (vs €0.56 in FY 2024) Full year 2025 results: EPS: €0.02 (down from €0.56 in FY 2024). Revenue: €665.1m (down 2.1% from FY 2024). Net income: €420.0k (down 96% from FY 2024). Profit margin: 0.1% (down from 1.7% in FY 2024). Revenue is forecast to grow 8.3% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Machinery industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 70 percentage points per year, which is a significant difference in performance. Announcement • Dec 09
Semperit Aktiengesellschaft Holding, Annual General Meeting, Apr 27, 2026 Semperit Aktiengesellschaft Holding, Annual General Meeting, Apr 27, 2026. Reported Earnings • Aug 15
Second quarter 2025 earnings released: €0.19 loss per share (vs €0.22 profit in 2Q 2024) Second quarter 2025 results: €0.19 loss per share (down from €0.22 profit in 2Q 2024). Revenue: €169.5m (flat on 2Q 2024). Net loss: €4.00m (down 188% from profit in 2Q 2024). Revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Machinery industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 78% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Upcoming Dividend • Apr 18
Upcoming dividend of €0.50 per share Eligible shareholders must have bought the stock before 25 April 2025. Payment date: 30 April 2025. Payout ratio is on the higher end at 90%, however this is supported by cash flows. Trailing yield: 3.7%. Lower than top quartile of British dividend payers (6.2%). Higher than average of industry peers (2.6%). Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to €12.22, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 17x in the Machinery industry in the United Kingdom. Total loss to shareholders of 20% over the past three years. Reported Earnings • Mar 21
Full year 2024 earnings released: EPS: €0.56 (vs €1.20 in FY 2023) Full year 2024 results: EPS: €0.56 (down from €1.20 in FY 2023). Revenue: €679.2m (flat on FY 2023). Net income: €11.4m (down 54% from FY 2023). Profit margin: 1.7% (down from 3.6% in FY 2023). Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Machinery industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 78% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Declared Dividend • Mar 11
Dividend of €0.50 announced Dividend of €0.50 is the same as last year. Ex-date: 25th April 2025 Payment date: 30th April 2025 Dividend yield will be 3.5%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is covered by earnings (68% earnings payout ratio) but not covered by cash flows (102% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 107% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jan 27
Semperit Aktiengesellschaft Holding, Annual General Meeting, Apr 23, 2025 Semperit Aktiengesellschaft Holding, Annual General Meeting, Apr 23, 2025. Reported Earnings • Aug 14
Second quarter 2024 earnings released: EPS: €0.22 (vs €0.48 in 2Q 2023) Second quarter 2024 results: EPS: €0.22 (down from €0.48 in 2Q 2023). Revenue: €170.5m (down 10% from 2Q 2023). Net income: €4.53m (down 53% from 2Q 2023). Profit margin: 2.7% (down from 5.1% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Machinery industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 30% per year, which means it has not declined as severely as earnings. Reported Earnings • May 16
First quarter 2024 earnings released: EPS: €0.25 (vs €0.33 in 1Q 2023) First quarter 2024 results: EPS: €0.25 (down from €0.33 in 1Q 2023). Revenue: €176.7m (down 4.9% from 1Q 2023). Net income: €5.00m (down 40% from 1Q 2023). Profit margin: 2.8% (down from 4.5% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Machinery industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 35 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Apr 18
Upcoming dividend of €0.50 per share Eligible shareholders must have bought the stock before 25 April 2024. Payment date: 30 April 2024. Payout ratio is a comfortable 41% but the company is paying out more than the cash it is generating. Trailing yield: 4.3%. Lower than top quartile of British dividend payers (6.2%). Higher than average of industry peers (2.2%). Declared Dividend • Mar 21
Final dividend of €0.50 announced Shareholders will receive a dividend of €0.50. Ex-date: 25th April 2024 Payment date: 30th April 2024 Dividend yield will be 31%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is not covered by earnings (130% earnings payout ratio) nor is it covered by cash flows (291% cash payout ratio). The dividend has increased by an average of 6.5% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 44% to bring the payout ratio under control. EPS is expected to grow by 34% over the next 2 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Reported Earnings • Mar 20
Full year 2023 earnings released: EPS: €1.23 (vs €1.87 in FY 2022) Full year 2023 results: EPS: €1.23 (down from €1.87 in FY 2022). Revenue: €723.7m (down 7.5% from FY 2022). Net income: €25.1m (down 35% from FY 2022). Profit margin: 3.5% (down from 4.9% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 6.3% p.a. on average during the next 2 years, compared to a 4.7% growth forecast for the Machinery industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 41 percentage points per year, which is a significant difference in performance. Buying Opportunity • Dec 27
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 13%. The fair value is estimated to be €18.28, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 17% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 19% in 2 years. Earnings is forecast to grow by 141% in the next 2 years. Buying Opportunity • Dec 01
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 38%. The fair value is estimated to be €17.67, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 17% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 19% in 2 years. Earnings is forecast to grow by 141% in the next 2 years. Reported Earnings • Nov 10
Third quarter 2023 earnings released: €0.10 loss per share (vs €3.37 loss in 3Q 2022) Third quarter 2023 results: €0.10 loss per share (improved from €3.37 loss in 3Q 2022). Revenue: €174.0m (down 33% from 3Q 2022). Net loss: €2.16m (loss narrowed 97% from 3Q 2022). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Machinery industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Buying Opportunity • Nov 08
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 32%. The fair value is estimated to be €18.38, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 17% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 13% in 2 years. Earnings is forecast to grow by 84% in the next 2 years. Valuation Update With 7 Day Price Move • Sep 13
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €19.32, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 16x in the Machinery industry in the United Kingdom. Total returns to shareholders of 50% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €17.80 per share. Announcement • Sep 01
HARPS GLOBAL PTE. LTD. completed the Aquisition of Medical business from Semperit Aktiengesellschaft Holding (WBAG:SEM) for €115 million. HARPS GLOBAL PTE. LTD. agreed to acquire Medical business from Semperit Aktiengesellschaft Holding (WBAG:SEM) for €115 million on December 16, 2022. The sales price of €115 million is subject to customary price adjustment mechanisms upon completion of the transactions. The execution of the transaction is subject to the approval of the competent authorities, regulatory authorities and is expected for the second quarter of 2023. Schoenherr advised Harps Global on the deal. The Schoenherr team advising on all Austrian and Hungarian aspects of the transaction was led by both Christian Herbst (partner) and Maximilian Lang (partner). It also included Volker Weiss (partner), Kinga Hetényi (partner), Constantin Benes (partner) as well as Teresa Waidmann (counsel), Zurab Simonishvili (attorney at law), Evelin Hlina (counsel), Iliyana Sirakova (counsel), Nina Zafoschnig (attorney at law). Credit Suisse (Singapore) Ltd acted as the exclusive financial advisor to Harps Global Pte. Limited. JPMorgan Chase & Co. (NYSE:JPM) acted as financial advisor to Semperit Aktiengesellschaft Holding in the transaction. Sharon Lau and Farhana Sharmeen of acted as legal advisors to Harps Global PTE. Ltd.HARPS GLOBAL PTE. LTD. completed the Aquisition of Medical business from Semperit Aktiengesellschaft Holding (WBAG:SEM) on August 31, 2023. All regulatory approvals received. New Risk • Aug 17
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 103% The company is paying a dividend despite having no free cash flows. Dividend yield: 7.5% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Announcement • Aug 01
Semperit Aktiengesellschaft Holding (WBAG:SEM) completed the acquisition of Rico Group GmbH. Semperit Aktiengesellschaft Holding (WBAG:SEM) agreed to acquire Rico Group GmbH on April 17, 2023. The revenue of Rico Group was €90 million. Closing of the transaction is expected in the third quarter 2023. MP Corporate Finance GmbH acted as financial advisor in the transaction. Ernst & Young Steuerberatungs- und Wirtschaftsprüfungsgesellschaft m.b.H. acted as financial and tax due diligence provider to Semperit Aktiengesellschaft Holding (WBAG:SEM).BINDER GRÖSSWANG Rechtsanwälte GmbH acted as legal advisor to Semperit Aktiengesellschaft Holding (WBAG:SEM). MP Corporate Finance GmbH acted as financial advisor to Semperit Aktiengesellschaft Holding (WBAG:SEM). The deal is expected to close on July 31.As on June 20, 2023 Rico Group GmbH boards Approved the merger.Semperit Aktiengesellschaft Holding (WBAG:SEM) completed the acquisition of Rico Group GmbH on July 31, 2023. All approvals were obtained. Announcement • Jun 22
Semperit AG Holding Appoints Gerfried Eder as A Member of the Executive Board (Chief Industrial Officer) Starting 1 July 2023 Semperit AG Holding announced that at it's Supervisory Board meeting, Gerfried Eder was appointed as a member of the Executive Board (Chief Industrial Officer) starting 1 July 2023. Gerfried Eder was previously Managing Director & Director Sales of the Semperflex segment (hydraulic and industrial hoses) and was responsible for more than 30% of group revenue in 2022. He has been with Semperit since 2000, has held various management positions within the Semperit Group and will assume responsibility for the Industrial Applications division. Gerfried Eder and his team have developed hose manufacturing into the most important production branch in terms of revenue and profitability in recent years. The Supervisory Board also approved the premature termination of COO Kristian Brok’s Executive Board contract with great regret: Kristian Brok will leave the company at his own request on 30 June 2023, to pursue a new professional challenge. Brok had been a member of the Executive Board since January 2020. Upcoming Dividend • Apr 20
Upcoming dividend of €4.50 per share at 5.7% yield Eligible shareholders must have bought the stock before 27 April 2023. Payment date: 17 May 2023. Payout ratio is on the higher end at 80% but the company is not cash flow positive. Trailing yield: 5.7%. Lower than top quartile of British dividend payers (5.8%). Higher than average of industry peers (2.5%). Reported Earnings • Mar 24
Full year 2022 earnings released: EPS: €1.88 (vs €11.99 in FY 2021) Full year 2022 results: EPS: €1.88 (down from €11.99 in FY 2021). Revenue: €782.5m (down 34% from FY 2021). Net income: €38.4m (down 84% from FY 2021). Profit margin: 4.9% (down from 21% in FY 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Machinery industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 20% per year whereas the company’s share price has increased by 23% per year. Reported Earnings • Nov 19
Third quarter 2022 earnings released: €3.37 loss per share (vs €2.43 profit in 3Q 2021) Third quarter 2022 results: €3.37 loss per share (down from €2.43 profit in 3Q 2021). Revenue: €259.6m (down 2.6% from 3Q 2021). Net loss: €69.3m (down 238% from profit in 3Q 2021). Revenue is expected to decline by 1.4% p.a. on average during the next 3 years, while revenues in the Machinery industry in the United Kingdom are expected to grow by 5.6%. Buying Opportunity • Nov 16
Now 27% undervalued after recent price drop Over the last 90 days, the stock is down 4.3%. The fair value is estimated to be €26.77, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to decline by 12% in 2 years. Earnings is forecast to decline by 69% in the next 2 years. Reported Earnings • Aug 20
Second quarter 2022 earnings released: EPS: €0.93 (vs €4.29 in 2Q 2021) Second quarter 2022 results: EPS: €0.93 (down from €4.29 in 2Q 2021). Revenue: €294.5m (down 13% from 2Q 2021). Net income: €19.1m (down 78% from 2Q 2021). Profit margin: 6.5% (down from 26% in 2Q 2021). The decrease in margin was primarily driven by lower revenue. Over the next year, revenue is expected to shrink by 22% compared to a 9.6% growth forecast for the Machinery industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 21
First quarter 2022 earnings released: EPS: €0.75 (vs €4.13 in 1Q 2021) First quarter 2022 results: EPS: €0.75 (down from €4.13 in 1Q 2021). Revenue: €278.0m (down 14% from 1Q 2021). Net income: €15.5m (down 82% from 1Q 2021). Profit margin: 5.6% (down from 26% in 1Q 2021). The decrease in margin was primarily driven by lower revenue. Over the next year, revenue is expected to shrink by 20% compared to a 9.8% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Apr 27
Upcoming dividend of €1.50 per share Eligible shareholders must have bought the stock before 02 May 2022. Payment date: 04 May 2022. Payout ratio is a comfortable 13% and this is well supported by cash flows. Trailing yield: 7.0%. Within top quartile of British dividend payers (4.6%). Higher than average of industry peers (1.9%). Reported Earnings • Nov 20
Third quarter 2021 earnings released: EPS €2.43 (vs €1.65 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €266.7m (up 12% from 3Q 2020). Net income: €50.1m (up 47% from 3Q 2020). Profit margin: 19% (up from 14% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 115% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 20
Third quarter 2021 earnings released: EPS €2.43 (vs €1.65 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €266.7m (up 12% from 3Q 2020). Net income: €50.1m (up 47% from 3Q 2020). Profit margin: 19% (up from 14% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 115% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 22
First quarter 2021 earnings released: EPS €4.13 (vs €0.17 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: €323.9m (up 62% from 1Q 2020). Net income: €84.9m (up €88.4m from 1Q 2020). Profit margin: 26% (up from net loss in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 112% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Executive Departure • May 21
Independent Chairman of Supervisory Board Walter Koppensteiner has left the company On the 12th of May, Walter Koppensteiner's tenure as Independent Chairman of Supervisory Board ended after 9.1 years in the role. We don't have any record of a personal shareholding under Walter's name. A total of 4 executives have left over the last 12 months. Executive Departure • May 21
CFO & Member of Executive Board has left the company On the 17th of May, Gabriele Schallegger's tenure as CFO & Member of Executive Board ended after less than a year in the role. We don't have any record of a personal shareholding under Gabriele's name. A total of 4 executives have left over the last 12 months. Upcoming Dividend • Apr 24
Upcoming dividend of €1.50 per share Eligible shareholders must have bought the stock before 29 April 2021. Payment date: 03 May 2021. Trailing yield: 3.8%. Lower than top quartile of British dividend payers (4.1%). Higher than average of industry peers (1.9%). Valuation Update With 7 Day Price Move • Mar 25
Investor sentiment improved over the past week After last week's 29% share price gain to €34.35, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 25x in the Machinery industry in the United Kingdom. Total returns to shareholders of 108% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €41.19 per share. Reported Earnings • Mar 20
Full year 2020 earnings released: EPS €9.06 (vs €2.50 loss in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: €931.1m (up 10% from FY 2019). Net income: €186.4m (up €237.8m from FY 2019). Profit margin: 20% (up from net loss in FY 2019). Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Jan 13
New 90-day high: €26.20 The company is up 15% from its price of €22.85 on 14 October 2020. The British market is also up 15% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the Machinery industry, which is up 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €28.19 per share. Valuation Update With 7 Day Price Move • Dec 04
Market pulls back on stock over the past week After last week's 17% share price decline to €19.40, the stock is trading at a trailing P/E ratio of 4.3x, down from the previous P/E ratio of 5.1x. This compares to an average P/E of 28x in the Machinery industry in the United Kingdom. Total return to shareholders over the past three years is a loss of 22%. Is New 90 Day High Low • Dec 01
New 90-day high: €23.75 The company is up 36% from its price of €17.51 on 02 September 2020. The British market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €21.56 per share. Valuation Update With 7 Day Price Move • Nov 30
Market pulls back on stock over the past week After last week's 17% share price decline to €19.40, the stock is trading at a trailing P/E ratio of 4.1x, down from the previous P/E ratio of 4.9x. This compares to an average P/E of 27x in the Machinery industry in the United Kingdom. Total return to shareholders over the past three years is a loss of 22%. Is New 90 Day High Low • Nov 21
New 90-day high: €23.25 The company is up 40% from its price of €16.58 on 20 August 2020. The British market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €20.25 per share. Analyst Estimate Surprise Post Earnings • Nov 20
Revenue beats expectations Revenue exceeded analyst estimates by 0.002%. Over the next year, revenue is forecast to grow 5.1% compared to a 2.9% decline forecast for the Machinery industry in the United Kingdom. Reported Earnings • Nov 20
Third quarter 2020 earnings released: EPS €1.65 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: €238.9m (up 11% from 3Q 2019). Net income: €34.0m (up €75.2m from 3Q 2019). Profit margin: 14% (up from net loss in 3Q 2019). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. 
