H&R AG announced consolidated earnings results for the fourth quarter and full year of 2012. For the quarter, the company's operating result was down on the previous year. Revenue remained comparatively stable. In the fourth quarter of 2012, revenue was initially on par with the previous year, but dipped in all divisions towards the end of the year. Total volumes were down in December. Overall, H&R AG generated some EUR 283 million in the final quarter against EUR 302.7 million a year ago. The operating result (EBITDA) developed poorly over the last three months of 2012 and was below expectations at around EUR 2 million against EUR 16.0 million a year ago.

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.