H&R AG Announces Consolidated Earnings Results for the Fourth Quarter and Full Year of 2012
For the full year, the company increased its revenue compared to previous year. Despite the performance in the fourth quarter, revenue for 2012 was slightly higher than in the previous record year of 2011, at more than EUR 1.2 billion. This trend was not reflected in EBITDA. A slight improvement in the operating result from international business in the Chemical-Pharmaceutical Division only partly made up for the negative performance of domestic activities and the high-precision Plastics Segment. Given the weak earnings contribution in the fourth quarter, H&R's preliminary estimate of EBITDA in 2012 is around EUR 48 million.