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Semperit (SEM) investor relations material
Semperit Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
EBITDA improved 77% from €11.1M in Q1 to €19.6M in Q2, but H1 EBITDA was down 35% year-over-year to €30.7M, with a margin of 9.6% versus 13.7% in H1'24.
Revenue declined 7.2% year-over-year to €320.5M, and earnings after tax turned negative at €-11.2M.
Order book and intake improved after a weak start, supported by Q2 recovery.
Equity ratio remained solid at 45.5% with €113M in cash and net financial debt at €118.6M.
Financial highlights
Sales declined 7% year-over-year; H1 EBITDA margin at 9.6% (down 4.1pp), EBIT margin at 0.8% (down 6.0pp), and EPS at €-0.54.
Free cash flow was €13.9M, down 41% year-over-year; CapEx reduced by over 50% to €18.5M.
Net financial debt increased to €118.6M; leverage ratio at 1.7x EBITDA.
Dividend of €0.50 per share (€10.3M total) paid in April 2025.
Additions to intangible assets and PPE fell 56% to €13.4M.
Outlook and guidance
Operating EBITDA for 2025 expected between €65M–€85M, with €5M in digitalization project costs.
CapEx for 2025 expected at €50M, with flexibility to adapt to market conditions.
Recovery expected in H2 2025, especially in belting and SEA segments, though uncertainty remains due to US tariffs.
Construction industry recovery expected in 2026, with limited short-term benefit.
Medium-term drivers include EU infrastructure programs and rising defense expenditures.
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