DGAP-Adhoc: H&R Aktiengesellschaft: Preliminary results for Q3 2013

DGAP-Adhoc: H&R Aktiengesellschaft: Preliminary results for Q3 2013

H&R AG  / Key word(s): Preliminary Results

14.10.2013 10:19

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H&R Aktiengesellschaft: Preliminary results for Q3 2013

  - Expectations adjusted downwards for 2013 as a whole

Salzbergen, 11/10/2013. According to preliminary calculations, in the third
quarter of financial 2013 H&R Aktiengesellschaft (ISIN DE0007757007)
recorded sales revenue of EUR 353.6 million and an operating group earnings
result (EBITDA) before one-time expenditures of EUR 9.7 million. The past
quarter once again demonstrated better earnings performance than the
preceding three months. As compared to the third quarter of the previous
year (EUR 20.3 million), however, the period July - September 2013 returned
a distinct decline. After a rise in basic oil prices at the start of the
year, since the summer these prices have remained below the level of the
previous year, thus exercising pressure on profits.

Over the entire nine-month period, with preliminary turnover of EUR 941.1
million (first nine months of 2012: EUR 946.0 million), the Company
achieved adjusted operating profits of approximately EUR 23 million
(comparable period last year: EUR 46.3 million). The operating profit,
adjusted for one-time effects, was approximately EUR 25 million for the
nine month period.

The Company's financial covenants were once again fully met as of the end
of the quarter.

For the final quarter of 2013, H&R Aktiengesellschaft expects the current
trend to continue. Against the background of the somewhat slow recovery in
the earnings situation, the adjusted operating full year earnings (EBITDA)
figure is, in 2013, expected to reach between EUR 33 and EUR 38 million,
thus failing to match the prior year's results of EUR 49.4 million. Sales
are forecast to reach EUR 1.2 billion.

The final figures and further information on the business trends
experienced to date in 2013 will be published on 14 November 2013 in the
report on the first nine months of the year.

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

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 ad-hoc communication 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 ad-hoc communication.

14.10.2013 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
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Language:     English
Company:      H&R AG
              Neuenkirchener Str. 8
              48499 Salzbergen
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 Announcement                             DGAP News-Service
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