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DGAP-News: H&R AG: Third quarter 2013 once again demonstrated better earnings performance than the preceding three months.



DGAP-News: H&R AG: Third quarter 2013 once again demonstrated better earnings 
performance than the preceding three months.

DGAP-News: H&R AG / Key word(s): Preliminary Results
H&R AG: Third quarter 2013 once again demonstrated better earnings
performance than the preceding three months.

14.10.2013 / 10:30

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H&R Aktiengesellschaft: 

Third quarter 2013 once again demonstrated better earnings performance than
the preceding three months.
  - Publication of preliminary results for Q3 2013

  - Upward profitability trend continued

  - Full compliance with all financial covenants

  - Outlook confirmed

 (N.B.: All figures quoted in this press release concerning the third
quarter of 2013 are preliminary)

Salzbergen, 11 October 2013. H&R AG closed the first nine months of 2013
with preliminary sales of EUR 941.1 million. At the same time, at EBITDA
adjusted for one-time effects of approximately EUR 25 million, operating
profits for the first three quarters fell sharply behind the comparable
period in 2012 (first nine months of 2012: EUR 46.3 million).

3. The third quarter is the strongest in 2013
In the third quarter of 2013, H&R Aktiengesellschaft achieved turnover of
EUR 353.6 million. According to preliminary calculations, Q3 2013 recorded
operating Group profits (EBITDA) of EUR 10.3 million before one-time
expenditures of EUR 0.5 million. Thus the third quarter has returned the
highest profits in 2013. 'The third quarter of 2013 presented yet another
challenge in regard to rigid basic oil prices and the remaining market
trends. The results of our newly introduced measures, such as the
efficiency increase programme and the conversion of the Salzbergen refinery
to a contract manufacturing model, have proven satisfactory. This enabled
us partially to compensate for the various charges', says Niels H. Hansen,
Chairman of the Executive Board of H&R AG.

Full compliance with financial covenants
As a result of the early introduction of various measures and the
systematic strengthening of the individual programmes, H&R AG is in a more
stable revenue position, once again confirmed by the Company's full
compliance with its financial covenants.

Adjusted forecast 
'In spite of the recent positive but slow trend, we were unable to match
the operating profits recorded last year (2012: EUR 49.4 million), but are
confirming our outlook', says Niels H. Hansen. The adjusted operating
profit for all of 2013 (EBITDA) will most likely be situated between EUR 33
million and EUR 38 million. H&R AG confirms its sales forecast as reaching
EUR 1.2 billion.

For a detailed presentation of its business performance, the Company refers
to the publication of its quarterly report on 14 November 2013.

Contact:
H&R AG, Investor Relations / Communications, Ties Kaiser
Neuenkirchener Straße 8, 48499 Salzbergen, Germany
Phone: +49 40 43218-321, Fax: +49 40 43218-390
Email: ties.kaiser@hur.com
www.hur.com

H&R AG:
H&R AG is an SDAX listed specialist chemicals company. It develops and
manufactures crude oil-based chemical and pharmaceutical products and
high-precision plastic parts.

Forward-looking statements and forecasts:
This press release contains forward-looking statements. These statements
are based on current estimates and forecasts made by the Executive Board
and the information available to the Board at this time. Forward-looking
statements should not be interpreted as guarantees that the projected
future developments and results will materialise. Future developments and
results are dependent on a range of factors. They comprise various risks
and imponderables and rest on assumptions which may prove incorrect. We do
not accept any obligation to update the forward-looking statements made in
this press release.


End of Corporate News

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14.10.2013 Dissemination of a Corporate News, transmitted by DGAP - a
company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language:    English                                               
Company:     H&R AG                                                
             Neuenkirchener Str. 8                                 
             48499 Salzbergen                                      
             Germany                                               
Phone:       +49 (0)40 43 218 321                                  
Fax:         +49 (0)40 43 218 390                                  
E-mail:      investor.relations@hur.com                            
Internet:    www.hur.com                                           
ISIN:        DE0007757007                                          
WKN:         775700                                                
Indices:     SDAX                                                  
Listed:      Regulierter Markt in Düsseldorf, Frankfurt (Prime     
             Standard), Hamburg; Freiverkehr in Berlin, Hannover,  
             München, Stuttgart                                    
 
 
End of News    DGAP News-Service  
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234432 14.10.2013                                                      
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