Agreement on social plan for french production site in Argenteuil signed

13 October 2017

Semperit AG Holding announces that the management of the French subsidiary Sempertrans France Belting Technology (“SFBT”) has signed an agreement on 13th October 2017 with the representative bodies of the affected French employees regarding the social measures linked to the closing project of the plant in Argenteuil. The agreement will be submitted to the French labor authorities for approval, which is expected within the next 2 weeks.

With the mandatory special consultation and negotiation procedure being almost completed, the project is now going to enter the implementation phase. This will allow SFBT to start deploying all the accompanying measures for the employees as provided for by French law.

Semperit Group still expects one-off expenses and exceptional charges of more than EUR 10 million in total from today’s perspective (as announced on 30th June 2017).

Contact:
Monika Riedel
Group Head of Communications & Sustainability
+43 676 8715 8620
monika.riedel@semperitgroup.com

Stefan Marin
Head of Investor Relations
+43 676 8715 8210
stefan.marin@semperitgroup.com

www.semperitgroup.com
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About Semperit:
The publicly listed company Semperit AG Holding is an internationally-oriented group that develops, produces, and sells in more than 100 countries highly specialised rubber products for the medical and industrial sectors: examination and surgical gloves, hydraulic and industrial hoses, conveyor belts, escalator handrails, construction profiles, cable car rings, and products for railway superstructures. The headquarters of this long-standing Austrian company, which was founded in 1824, are located in Vienna. The Semperit Group employs around 6,500 people worldwide, including about 3,500 in Asia and more than 800 in Austria (Vienna and production site in Wimpassing, Lower Austria). The Group has 22 manufacturing facilities worldwide and numerous sales offices in Europe, Asia, Australia and America. In 2016 the group generated revenue of EUR 852 million and an EBITDA of EUR 78 million.