Heraeus Concludes Financial Year 2012 With Satisfactory Results
HANAU, Germany, May 7, 2013 /PRNewswire/ –
The Hanau-based precious metals and technology group Heraeus closed out financial year
2012 with satisfactory results overall. This was announced by the Heraeus Holding GmbH
Board of Management at a press conference on annual results held in Frankfurt on May 7.
The collapse of the photovoltaics industry around the world-which affected several Heraeus
business groups-and one-off expenditures for restructuring led to a decline in sales and
earnings for the entire group. All-time highs like those achieved in financial year 2011
were not reached. Heraeus had total product revenue of EUR4.2 billion (13 percent less
than in 2011). Adjusted for precious metals price effects, the decline is equal to 5
percent. The company is holding its ground in its submarkets, some of which have been
marked with ongoing high degrees of uncertainty. In 2012, Heraeus earned operating results
(EBIT) of EUR365 million, which corresponds to a decrease of 25 percent from 2011. With
the lower demand for platinum, gold, and silver over the last financial year, precious
metals trading revenue fell to EUR16 billion, despite higher prices for precious metals.
“Developments in the photovoltaics industry last year left a mark on our business.
2011 was an exceptional year, and in 2012 it was essential to hedge the results at a high
level. We succeeded thanks to our broad base, which allowed us to face the global economic
challenges from a position of strength,” stated Dr. Frank Heinricht, Chairman of the Board
of Management of Heraeus Holding GmbH, summarizing the economic development.
All business groups achieve positive operating results
The Heraeus Group’s business groups experienced varied results over the course of
financial year 2012. Strong demand for bonding wires as well as for sensors for steel
production was a positive force. In addition, the markets for bone cements and optical
fibers for the telecommunications industry remained good. Relevant markets such as
photovoltaics, the semiconductor industry, and the economic development of the automotive
industry led to decreased revenues in some business groups. Because of long-term changes
to the basic conditions of some of the company’s submarkets, Heraeus began a restructuring
program in 2012. The dental products and materials and technologies business groups each
introduced appropriate measures that will be continued into 2014.
Outlook: Financial risks remain, but initial signs point toward cautious optimism
There is every likelihood that the uncertain overall economic situation the Heraeus
Group navigated in 2012 will continue in finaincial year 2013. The first quarter results
highlight this. On the other hand, initial predictions indicate an economic recovery in
submarkets and in regions where Heraeus is active. “We remain cautiously optimistic for
the current financial year,” according to Jan Rinnert, who is taking over for Dr. Frank
Heinricht as the CEO of Heraeus Holding, effective June 1, 2013.
Heraeus continues to rely on the automotive electronics, telecommunications, medicine,
steel, semiconductors, and renewable energy industries. “The company’s innovative
strength, once again supported by a high volume of investment, and appropriate
acquisitions paired with stable liquidity create a solid foundation for profitable
growth,” affirmed Rinnert regarding plans for 2013.
Key financial indicators for financial year 2012
Key financial indicators in EUR million 2012 2011 Change in % Product revenue 4,228 4,840 -13 Precious metals trading revenue 15,989 21,343 -25 Earnings before interest and taxes (EBIT) 365 489 -25 Net income 237 315 -25 Shareholders' equity 2,344 2,247 +4 Capital expenditures 126 105 +19 R&D expenditures 84 76 +11 Employees at year-end 13,615 13,323 +2
Heraeus, the precious metals and technology group headquartered in Hanau, Germany, is
a global, private company with over 160 years of tradition. Our fields of competence
include precious metals; materials and technologies; sensors; biomaterials and medical
products; dental products; quartz glass; and specialty light sources. With product
revenues of EUR4.2 billion and precious metal trading revenues of EUR16 billion, as well
as more than 13,600 employees in more than 120 subsidiaries worldwide, Heraeus holds a
leading position in its global markets.
For additional information, please contact: Bettina Lichtenberg Head of Corporate Communications Heraeus Holding GmbH Heraeusstrasse 12-14 63450 Hanau Germany T +49(0)6181-35-5100 F +49(0)6181-35-4242 email@example.com http://www.heraeus.de
SOURCE Heraeus Holding GmbH