Semperit (SEM) Q1 2025 earnings summary

Executive summary

• Q1 2025 revenue declined 13.8% year-over-year to EUR 151.7 million, with EBITDA down 51.6% to EUR 11.1 million and margin at 7.3%, reflecting weak demand, project delays, and US tariff conflicts.

• Earnings after tax turned negative at EUR -7.2 million, with EPS at EUR -0.35.

• Free cash flow increased to EUR 8.7 million due to lower CapEx.

• Order intake and order book improved in March and April, exceeding prior year levels, especially in industrial applications.

• Financial position remains solid with EUR 128.4 million in cash and a 46% equity ratio.

Financial highlights

• Revenue declined 13.8% year-over-year to EUR 151.7 million; EBITDA fell 51.6% to EUR 11.1 million.

• EBIT dropped to EUR -1.3 million from EUR 11.6 million year-over-year; EBIT margin at -0.9%.

• Free cash flow rose to EUR 8.7 million, mainly from reduced CapEx.

• Net debt/EBITDA increased to 1.4x; net financial debt at EUR 100.2 million.

• Dividend of EUR 0.50 per share paid out in April 2025.

Outlook and guidance

• Operational EBITDA guidance for 2025 confirmed at EUR 65–85 million, with EUR 5 million in digitalization project costs expected.

• Recovery expected in H2 2025, but outlook remains uncertain due to ongoing trade negotiations and US tariff policy.

• OpEx and CapEx guidance maintained, with flexibility to adapt investments to market conditions.