Anzeige
+++– 421.670 CAD an Käufen, während Silber $88 erreicht Insider kaufen kräftig zu – 421.670 CAD an Käufen, während Silber $88 erreicht+++
Original-Research

Semperit AG Holding (von NuWays AG): BUY 15.08.2025, 09:00 Uhr von EQS Research Jetzt kommentieren: 0

Werte zum Artikel
Name Aktuell Diff. Börse
Semperit Holding 11,81 EUR -0,34 % Lang & Schwarz

Original-Research: Semperit AG Holding - from NuWays AG

15.08.2025 / 09:00 CET/CEST
Dissemination of a Research, transmitted by EQS News - a service of EQS Group.
The issuer is solely responsible for the content of this research. The result of this research does not constitute investment advice or an invitation to conclude certain stock exchange transactions.


Classification of NuWays AG to Semperit AG Holding

Company Name: Semperit AG Holding
ISIN: AT0000785555
 
Reason for the research: Update
Recommendation: BUY
from: 15.08.2025
Target price: EUR 18.20
Target price on sight of: 12 months
Last rating change:
Analyst: Christian Sandherr

Q2 with seq. margin improvements; FY guidance confirmed

Semperit posted Q2 revenues of € 169m (H1: € 320m), largely flat yoy but roughly 11% above the weak Q1, which was impacted by project delays within the belting division and silicon rubber tooling (both part of SEA segment). Thanks to catch-up effects, SEA sales showed a 2.6% yoy increase to € 101m despite rather challenging end markets. Within SIA (-4.6% yoy to € 68m), demand for profiles remained weak due to the continuously subdued construction sector, while hoses showed first recovery signals, especially within the direct consumer business. The overall improving order activities should provide a decent visibility into further growth during H2.

Q2 EBITDA of € 19.6m (11.6% margin) was down 19% yoy as margins in both segments were still below last year’s figure. This was partially due to higher raw material prices and increased personnel expenses. Importantly, the company managed to significantly improve its profitability vs Q1 (EBITDA +76% yoy) largely carried by the sales rebound in SEA (margin +5pp qoq to 10.6%) but also cost saving initiatives bearing fruit. The margin of SIA was down yoy but remained on a high level of 19.1%. Operating EBITDA (excl. project costs for digitalization projects) stood at € 20.9m. H1 EBITDA of € 30.7m was down 35% yoy; op. EBITDA stood at € 32.9m.

Free cash flow in H1 amounted to € 13.9m, down from € 23.6m in the prior year, as lower earnings and higher tax payments outweighed working capital improvements, particularly from inventory reductions. Net cash stood at € 49.8m at the end of June (vs. € 57.3m in December 2024), supported by a robust liquidity position of € 113m. The equity ratio of 45.5% underlines the group’s solid financial footing, giving management room to maintain dividends, finance digitalization projects, and invest selectively even in a weaker macro environment.

FY25 guidance confirmed. Management continues to expect operating EBITDA of € 65-85m, which excludes some € 5m in digitalization investments (eNuW: € 73.7m) thanks to a notably better H2, which is expected to benefit from seasonal demand patterns, stabilizing order intake, and continued efficiency improvements.

Our take: The sequential Q2 rebound shows that Semperit’s operational levers, which include cost discipline, production flexibility, and selective pricing, can restore profitability even in a somewhat subdued demand environment. While H1 confirms that end-market weakness, especially in SEA, still caps upside in 2025, the strong balance sheet and focus on margin protection support the medium-term equity story. We continue to see Semperit as an attractive cyclical recovery play with plenty of growth prospects, which should gain momentum once funds from Germany’s planned € 500bn infrastructure investments get deployed. BUY with an unchanged € 18.20 PT based on DCF.



You can download the research here: semperit-ag-holding-2025-08-15-previewreview-en-88354
For additional information visit our website: https://www.nuways-ag.com/research-feed

Contact for questions:
NuWays AG - Equity Research
Web: www.nuways-ag.com
Email: research@nuways-ag.com
LinkedIn: https://www.linkedin.com/company/nuwaysag
Adresse: Mittelweg 16-17, 20148 Hamburg, Germany
++++++++++
Diese Meldung ist keine Anlageberatung oder Aufforderung zum Abschluss bestimmter Börsengeschäfte.
Offenlegung möglicher Interessenskonflikte nach § 85 WpHG beim oben analysierten Unternehmen befinden sich in der vollständigen Analyse.
++++++++++


The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com


2184372  15.08.2025 CET/CEST

Kommentare (0) ... diskutiere mit.
Werbung

Handeln Sie Aktien bei SMARTBROKER+ für 0 Euro!* Profitieren Sie von kostenloser Depotführung, Zugriff auf 29 deutsche und internationale Börsenplätze und unschlagbar günstigen Konditionen – alles in einer innovativen, brandneuen App. Jetzt zu SMARTBROKER+ wechseln und durchstarten!

*Ab 500 EUR Ordervolumen über gettex. Zzgl. marktüblicher Spreads und Zuwendungen.

k.A. k.A. k.A. k.A.
k.A. k.A. k.A. k.A.
k.A. k.A. k.A. k.A.
Weitere News

12:33 Uhr • Artikel • BörsenNEWS.de

12:28 Uhr • Artikel • BörsenNEWS.de

7:19 Uhr • Artikel • dpa-AFX

7:19 Uhr • Artikel • dpa-AFX

Schreib den ersten Kommentar!

Dis­clai­mer: Die hier an­ge­bo­te­nen Bei­trä­ge die­nen aus­schließ­lich der In­for­ma­t­ion und stel­len kei­ne Kauf- bzw. Ver­kaufs­em­pfeh­lung­en dar. Sie sind we­der ex­pli­zit noch im­pli­zit als Zu­sich­er­ung ei­ner be­stim­mt­en Kurs­ent­wick­lung der ge­nan­nt­en Fi­nanz­in­stru­men­te oder als Handl­ungs­auf­for­der­ung zu ver­steh­en. Der Er­werb von Wert­pa­pier­en birgt Ri­si­ken, die zum To­tal­ver­lust des ein­ge­setz­ten Ka­pi­tals füh­ren kön­nen. Die In­for­ma­tion­en er­setz­en kei­ne, auf die in­di­vi­du­el­len Be­dür­fnis­se aus­ge­rich­te­te, fach­kun­di­ge An­la­ge­be­ra­tung. Ei­ne Haf­tung oder Ga­ran­tie für die Ak­tu­ali­tät, Rich­tig­keit, An­ge­mes­sen­heit und Vol­lständ­ig­keit der zur Ver­fü­gung ge­stel­lt­en In­for­ma­tion­en so­wie für Ver­mö­gens­schä­den wird we­der aus­drück­lich noch stil­lschwei­gend über­nom­men. Die Mar­kets In­side Me­dia GmbH hat auf die ver­öf­fent­lich­ten In­hal­te kei­ner­lei Ein­fluss und vor Ver­öf­fent­lich­ung der Bei­trä­ge kei­ne Ken­nt­nis über In­halt und Ge­gen­stand die­ser. Die Ver­öf­fent­lich­ung der na­ment­lich ge­kenn­zeich­net­en Bei­trä­ge er­folgt ei­gen­ver­ant­wort­lich durch Au­tor­en wie z.B. Gast­kom­men­ta­tor­en, Nach­richt­en­ag­en­tur­en, Un­ter­neh­men. In­fol­ge­des­sen kön­nen die In­hal­te der Bei­trä­ge auch nicht von An­la­ge­in­te­res­sen der Mar­kets In­side Me­dia GmbH und/oder sei­nen Mit­ar­bei­tern oder Or­ga­nen be­stim­mt sein. Die Gast­kom­men­ta­tor­en, Nach­rich­ten­ag­en­tur­en, Un­ter­neh­men ge­hör­en nicht der Re­dak­tion der Mar­kets In­side Me­dia GmbH an. Ihre Mei­nung­en spie­geln nicht not­wen­di­ger­wei­se die Mei­nung­en und Auf­fas­sung­en der Mar­kets In­side Me­dia GmbH und de­ren Mit­ar­bei­ter wie­der. Aus­führ­lich­er Dis­clai­mer