- Business
- Semperit AG Holding develops, produces and markets high-quality elastomer products and applications for industrial customers worldwide through its two divisions, Semperit Industrial Applications (SIA) and Semperit Engineered Applications (SEA); SIA focuses on large-scale production of hydraulic and industrial hoses as well as sealing profiles; SEA specializes in customized solutions including escalator handrails, conveyor and transport belts, cable car rings, other engineered elastomer products, liquid silicone rubber components and moulds via the Rico Group. The company operates in over 100 countries with 16 production sites and sales offices across Europe, Asia, Australia and America, targeting industries such as construction, infrastructure, manufacturing and transportation. Founded in 1824 and headquartered in Vienna, Austria, Semperit employs around 4,000 people and lists on the Vienna Stock Exchange under the ticker SEM.VI. In a strategic shift, Semperit fully exited its medical glove business in 2024, enabling 100% focus on industrial elastomer products; the company acquired the Rico Group in August 2023, enhancing SEA's liquid silicone capabilities and contributing to revenue growth; ongoing cost-saving measures since 2023 exceed EUR 18 million, supporting a 21% EBITDA increase to EUR 84.9 million and positive net profit of EUR 11.5 million in 2024 despite challenging markets; for 2025, management narrowed operating EBITDA guidance to EUR 78 million pre-project costs amid a EUR 5 million digital transformation (oneERP) investment, with medium-term targets reaffirming EUR 120 million by 2026 upon economic recovery.