15.05.2015 SURTECO SE  DE0005176903

DGAP-News: SURTECO SE: SURTECO gets off to a strong start in the business year 2015


 
DGAP-News: SURTECO SE / Key word(s): Quarter Results SURTECO SE: SURTECO gets off to a strong start in the business year 2015 15.05.2015 / 08:00 --------------------------------------------------------------------- Press Release SURTECO gets off to a strong start in the business year 2015 - Group sales increase by 4 % to EUR 166.0 million in the first quarter - EBITDA down to EUR 18.9 million - earnings before tax increase by 26 % to EUR 12.1 million - Free cash flow increases to EUR 19.7 million - Outlook for 2015 confirmed: Organic growth in both Strategic Business Units Buttenwiesen-Pfaffenhofen, 15 May 2015 - SURTECO SE - one of the world's leading manufacturers of decorative surface materials - got off to a strong start in the business year 2015. Sales increased by 4 % to EUR 166.0 million (Q1 2014: EUR 160.1 million) in the first quarter. Both Strategic Business Units contributed to this positive development: Sales in the Strategic Business Unit Plastics increased by 8 % while sales in the Strategic Business Unit Paper grew by 1 %. Additional costs associated with integration arising from the merger of printing activities exerted a negative impact on earnings during the quarter under review. The operating result (EBITDA) at EUR 18.9 million therefore fell short of the comparable figure for the previous year of EUR 21.8 million. However, the financial result improved significantly on the back of currency gains, and earnings before tax posted an increase of 26 % at EUR 12.1 million EUR (Q1-2014: EUR 9.6 million). Earnings per share developed in a similar way with an increase of EUR 0.43 to EUR 0.54. Against the background of this development, the company is confident of achieving the defined objectives for 2015 over the course of the year. "Following the integration of Süddekor, SURTECO is extremely well positioned for the future. The concentration of decorative printing activities in Buttenwiesen is also proceeding according to plan. In view of the upbeat economic forecasts, we are therefore confident of being able to increase sales and earnings once again in 2015," commented Chairman of the Board of Management of SURTECO SE Friedhelm Päfgen. Level of debt further reduced, gearing at 40% Free cash flow leapt from EUR 6.7 million to EUR 19.7 million during the first quarter, and cash and cash equivalents rose from EUR 43.1 million at year-end 2014 to EUR 62.0 million on 31 March 2015. Accordingly, the level of net financial debt decreased significantly to EUR 133.9 million (31/12/2014: EUR 145.8 million) and gearing (net financial debt/equity) fell from 45 % to 40 %. On the basis of these figures and an equity ratio of 49.3 % (31/12/2014: 50.4 %), SURTECO therefore has an extremely robust balance sheet structure. Outlook for 2015 confirmed: Organic growth in both segments - Adjusted earnings before tax should increase slightly Following on from the results of the first quarter, the forecast for the entire year 2015 in the current Annual Report can be confirmed. The company is anticipating a modestly positive development in the global economy. This is expected to lead to a slight increase in sales revenues in the two Strategic Business Units. The SURTECO Group expects a slight increase in the pretax result for the business year 2015, compared with the business year 2014, which has been adjusted by restructuring expenses (EUR 9.4 million). You can find the Report for the first quarter 2015 and other information about SURTECO SE on the Internet at www.surteco.com. Important indicators of SURTECO SE (in EUR million)

                                             Q1-2014   Q1-2015   Variation
Consolidated sales                             160.1     166.0         +4%
- of which paper                               102.4     103.7         +1%
- of which plastics                             57.7      62.3         +8%
Foreign sales in %                                70        71
EBITDA                                          21.8      18.9        -13%
EBITDA margin in %                              13.6      11.4
EBIT                                            12.1      10.3        -15%
EBT                                              9.6      12.1        +26%
Consolidated net profit                          6.7       8.4        +26%
Earnings per share in EUR  1                    0.43      0.54        +26%
Cash flow from current business operations       9.9      17.8        +80%
Free Cash flow                                   6.7      19.7       +194%



                                          31/12/2014            31/03/2015
Balance sheet total                            636.7                 683.5
Equity                                         321.1                 336.9
Net debt                                       145.8                 133.9
Gearing (level of debt) in % 2                    45                    40
Equity ratio in %                               50.4                  49.3
Employees                                      2,705                 2,735


(1) Based on an number of shares amounting to 15,505,731 (2) Net debt / Equity 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 29 % of sales in Germany, 44 % 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, Stuttgart Hamburg and Hannover. 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



--------------------------------------------------------------------- 15.05.2015 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 --------------------------------------------------------------------- 356769 15.05.2015


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 14,100 Kaufen 218,63
KGV 2025e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
10,44 17,35 0,58 9,94
KBV KCV KUV EV/EBITDA
0,53 3,16 0,26 5,72
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
-4,30% -13,37% -12,96% -26,94%
    
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