30.04.2015 SURTECO SE  DE0005176903

DGAP-News: SURTECO SE: SURTECO is confident that sales and earnings can be increased further in 2015


 
DGAP-News: SURTECO SE / Key word(s): Final Results SURTECO SE: SURTECO is confident that sales and earnings can be increased further in 2015 30.04.2015 / 11:00 --------------------------------------------------------------------- SURTECO is confident that sales and earnings can be increased further in 2015 - Consolidated sales achieve a new record level of EUR 618 million in 2014 - Adjusted EBITDA improves by 56% - Renewed increase in dividend to EUR 0.70 planned - Outlook for 2015: Organic growth expected in both lines of business, pre-tax profit of more than EUR 32 million projected Buttenwiesen-Pfaffenhofen, 30 April 2015 - SURTECO SE - one of the world's leading manufacturers of decorative surface materials - achieved record sales amounting to EUR 618.5 million in the business year 2014, which was 54 % above the year-earlier figure of EUR 402.1 million. Apart from a modest organic increase in sales, full consolidation of Süddekor taken over at the end of 2013 was responsible for this rise. The operating result (EBITDA) at EUR 62.8 million posted a five-percent increase compared with the equivalent year-earlier figure of EUR 59.7 million, although it was impacted by one-off effects. In 2013, the acquisition of Süddekor made a positive contribution to earnings of EUR 13.5 million arising from the acquisition. In the reporting year 2014, a provision of EUR 9.4 million for the restructuring process in the decorative printing segment for 2015 impacted with a one-off negative effect on the result. The comparable EBITDA adjusted for these effects increased from EUR 46.2 million to EUR 72.2 million, i.e. by more than 50 %. Against the background of the positive operating development and confidence for the new business year 2015 the Board of Management and Supervisory Board of SURTECO SE will recommend to the Annual General Meeting to be held on 26 June 2015 that a payment of dividend increased from EUR 0.65 to EUR 0.70 per share should be made for the business year 2014. "SURTECO is extremely well positioned for the future following the integration of Süddekor. On the basis of a robust economic forecast, we are therefore confident of once more being able to increase sales and earnings in 2015," commented Chairman of the Board of Management of SURTECO SE Friedhelm Päfgen. Expansion in both segments and in foreign business The sales of the Strategic Business Unit Plastics remained stable at EUR 227.2 million. However, if the drop in sales as a result of the cladding business divested in the previous year is taken into account alongside negative currency effects, operating growth of 3.4 % was achieved. The paper segment generated a leap in sales of 124 % to EUR 391.2 million due to full consolidation of Süddekor. The one-off effects referred to above and the significant acquisition-based increase in depreciation and amortization led to a decrease in earnings to EUR 27.6 million (2013: EUR 37.0 million) in the consolidated EBIT. In spite of a significantly improved financial result, pre-tax profit at EUR 22.3 million (2013: EUR 28.0 million) was below the equivalent year-earlier figure. Earnings per share came down from EUR 1.86 to EUR 1.19 partly as a result of the significantly increased number of shares generated by the capital increase at the end of 2013. Balance sheet quality and cash flow improved SURTECO has a healthy balance sheet structure. Once more, the equity ratio rose slightly from 49.7 % to 50.4 %. Thanks to the decline in net financial debt to EUR 145.8 million (2013: EUR 151.2 million), gearing - defined as the ratio of net financial debt to equity capital - fell by 4 percentage points to 45 %. After the free cash flow was in negative territory at minus EUR 68.8 million due to the company acquisition in the previous year, the value was once again significantly positive at EUR 26.9 million in 2014. Outlook for 2015: Organic growth in both segments - pre-tax profit is projected to increase to just above EUR 32 million Given the robust economic forecast and increasing synergies derived from the Süddekor takeover, SURTECO is confident of being able to continue increasing sales and earnings further for the business year 2015. The two business units are anticipating a slight increase in sales revenues and higher profits. The increasing synergies generated by the integration of Süddekor are likely to exert a positive impact. Overall, the Board of Management therefore forecasts a pre-tax profit slightly above EUR 32 million. You can find the Annual Report for 2014 and other information about SURTECO SE on the Internet at www.surteco.com. Profile of SURTECO SURTECO SE, Buttenwiesen-Pfaffenhofen, is a leading international specialist for surface technologies. The product portfolio includes papers printed with decorative designs, impregnated products, release paers, decorative flat foils and edgebandings based on specialist papers for technical applications and plastics. The extensive product portfolio is completed by skirtings made of plastic, technical extrusions for industry and do-it-yourself ranges and shutter systems. The Group currently has a workforce of appr. 2,700 and manufactures at 20 sites on four continents, currently generating approximately 30 % of sales in Germany, 45 % in European countries outside Germany and the remainder in America, Asia and Australia. Customers of SURTECO generally come from the wood based materials, flooring and furnishing industry and the interior industry. The shares of SURTECO SE are listed on the official market (Prime Standard) of the Frankfurt and Munich Stock Exchanges under the ticker symbol SUR and ISIN DE0005176903. They are also traded on the stock markets in Berlin, Düsseldorf and Stuttgart. The stock is listed on the SDAX of Deutsche Börse. Cautionary note regarding forward-looking statements This press release contains statements of future forecasts or expectations and other forward-looking statements and involves known and unknown risks and uncertainties. There is therefore no guarantee for the statements and expectations expressed herein. The actual results and developments may differ substantially. The company does not intend to - and assumes no obligation - to update any forward looking statements contained herein or to adapt such information to future results or developments. Contact:

SURTECO SE

Andreas Riedl                           Martin Miller
Chief Financial Officer                 Investor Relations and Press Office
+ 49 (0) 8274/99 88-563                 + 49 (0) 8274/99 88-508


Internet www.surteco.com
Email [email protected]
Fax    + 49 (0) 8274/99 88-515



Important indicators of SURTECO SE (in EUR million)

                                               2013                    2014
Consolidated sales                            402.1                   618.5
- of which paper                              174.7                   391.2
- of which plastics                           227.4                   227.2
Foreign sales in %                               70                      72
EBITDA                                         59.7                    62.8
EBITDA margin in %                             14.8                    10.2
EBITDA adjusted                                46.2                    72.2
EBIT                                           37.0                    27.6
EBT                                            28.0                    22.3
Consolidated net profit                        21.9                    18.5
Earnings per share in EUR 1                    1.86                    1.19
Dividend per share in EUR 2                    0.65                    0.70



                                                31/12/2013      31/12/2014
Balance sheet total                                  626.1           636.7
Equity                                               311.0           321.1
Net debt                                             151.2           145.8
Gearing (level of debt) in % 3                          49              45
Equity ratio in %                                     49.7            50.4
Cash flow from current business operations            54.8            54.3
Free cash flow                                       -68.8            26.9
Employees                                            2,664           2,705


(1) Based on an number of shares amounting to 15,505,731, Number of shares 2013: 11,767,363 (2) For the business year 2014: Dividend proposal to the Annual General Meeting (3) Net debt / Equity --------------------------------------------------------------------- 30.04.2015 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- Language: English Company: SURTECO SE Johan-Viktor-Bausch-Str. 2 86647 Buttenwiesen-Pfaffenhofen Germany Phone: +49 (0)8274 99 88-0 Fax: +49 (0)8274 99 88-5 05 E-mail: [email protected] Internet: www.surteco.com ISIN: DE0005176903 WKN: 517 690 Indices: SDAX Listed: Regulated Market in Frankfurt (Prime Standard), Munich; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Stuttgart End of News DGAP News-Service --------------------------------------------------------------------- 350205 30.04.2015


Die wichtigsten Finanzdaten auf einen Blick
  2017 2018 2019 2020 2021 2022 2023e
Umsatzerlöse1 689,65 698,98 675,27 626,99 757,06 747,70 835,10
EBITDA1,2 83,09 72,78 66,29 88,32 114,76 84,18 66,60
EBITDA-Marge3 12,05 10,41 9,82 14,09 15,16 11,26
EBIT1,4 44,67 32,20 21,12 46,15 72,52 40,18 8,10
EBIT-Marge5 6,48 4,61 3,13 7,36 9,58 5,37 0,97
Jahresüberschuss1 26,33 18,93 9,76 33,77 47,81 25,23 2,95
Netto-Marge6 3,82 2,71 1,45 5,39 6,32 3,37 0,35
Cashflow1,7 82,90 60,70 84,04 82,66 43,75 69,14 0,00
Ergebnis je Aktie8 1,69 1,20 0,61 2,17 3,08 1,63 0,19
Dividende8 0,80 0,55 0,00 0,80 1,00 0,70 0,80
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2022 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: PricewaterhouseCoopers

INVESTOR-INFORMATIONEN
©boersengefluester.de
Surteco Group
WKN Kurs in € Einschätzung Börsenwert in Mio. €
517690 13,600 Kaufen 210,88
KGV 2025e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
10,07 17,29 0,59 9,58
KBV KCV KUV EV/EBITDA
0,51 3,05 0,25 5,60
Dividende '22 in € Dividende '23e in € Div.-Rendite '23e
in %
Hauptversammlung
0,70 0,00 0,00 07.06.2024
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
30.04.2024 31.07.2024 27.10.2023 24.04.2024
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-7,78% -16,58% -16,05% -28,42%
    
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