INFORM | First half of 2019

6 Inform in the first half of 2019 | HARTMANN share | Outlook HARTMANN share Outlook Full-year targets for 2019 confirmed Despite the currently high prevailing macroeconomic risks, the outlook for the global healthcare industry remains positive overall. The increase in health spending in the developing countries and the growing need for care because of an ageing population, together with advances in therapy and technology, are all factors that enable an ever-growing, long-term demand for medical products. However, both opportunities and risks arise from the tightening of statutory and regulatory para- meters, political decision-making as to the funding of healthcare systems and the developments on the currency markets. Another risk to the earnings situation is related to price movements on the raw material markets. Although the HARTMANN GROUP will not be able to completely escape these trends, it will continue to actively face them with hedging measures. In addition to this, in- creased regulatory costs caused by the implementation of the EU Medical Device Regulation (MDR) still persist. In the second half of the year, one of the main focuses of the HARTMANN GROUP is to sustainably improve its cost position in the individual segments. This includes tapping existing potential in production and logistics. With innovations and digital business models, HARTMANN strives to create direct customer added value to strengthen its competitiveness and to achieve a continuing profitable growth. After the positive sales development in the first six months, and carefully weighing up the opportunities and risks, the Group maintains its outlook for the full year 2019. The HARTMANN GROUP continues to expect moderate sales growth and EBIT of between EUR 102 million and EUR 112 million. Basic information on the HARTMANN share WKN 747404 ISIN DE0007474041 Exchange Frankfurt Stock Exchange Segment Open Market Type of share Registered unit shares held in collective safe custody Capital stock EUR 91.3 million Number of shares 3,572,424 units, of which 20,682 units are held as own shares Performance of the HARTMANN share The closing price of the HARTMANN share on the Frankfurt Stock Exchange at the end of June 2019 was EUR 298 per share, EUR 6 higher than the year-end price for 2018 (EUR 292). June 30, 2018 (= 100 percent) to June 30, 2019 in percent 110 100 90 80 70 J J A S O N D J F M A M J PAUL HARTMANN AG EURO STOXX 50 83.7 102.3 Performance of the HARTMANN share price compared to EURO STOXX 50 2018 2019