23.03.2016
SURTECO SE DE0005176903
DGAP-News: SURTECO SE: increases sales and pretax profit, further profitable growth expected
DGAP-News: SURTECO SE / Key word(s): Preliminary Results
SURTECO SE: increases sales and pretax profit, further profitable growth
expected
23.03.2016 / 08:00
The issuer is solely responsible for the content of this announcement.
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Press Release
SURTECO increases sales and pretax profit, further profitable growth
expected
- Consolidated sales improved by 3 % to EUR 638 million during the
business year 2015
- Pretax profit increases by 20 % to EUR 26.8 million
- Outlook 2016: Modest increase in sales and substantial improvement in
earnings are the objective
Buttenwiesen-Pfaffenhofen, 23 March 2016 - SURTECO SE - one of the world's
leading manufacturers of decorative surface materials - succeeded in
increasing sales and earnings within the anticipated framework in 2015.
According to preliminary, unaudited figures, consolidated sales increased
by 3 % from EUR 618.5 million to EUR 638.4 during the year under review.
Both Strategic Business Units were able to make a contribution to this
positive development. In spite of substantial integration costs for the
concentration of German decorative printing activities, SURTECO also
achieved an increase of 3 % by comparison with 2014 (EUR 62.8 million) in
earnings before interest, tax and depreciation and amortization (EBITDA) at
EUR 65.0 million. Lower depreciation and amortization, a significantly
improved financial result, and positive, one-off extraordinary effects
resulted in an increase in the pretax profit from EUR 22.3 million in 2014
to the current level of EUR 26.8 million.
"We have achieved an increase in sales of almost EUR 20 million and
improved earnings, and we also reached our adjusted annual targets defined
in August of last year. Our focus in the business year 2015 was on the
consistent relocation of the printing facilities and integration within the
location in Buttenwiesen. In 2016, we can see additional potential for
profitable growth because we will now be in an even better position to reap
the fruits of our strategy of consolidation pursued in previous years,"
commented the Chairman of the Board of Management of SURTECO SE, Dr.
Herbert Müller.
Further profitable growth is the focus for 2016
Subject to stable economic development, SURTECO is forecasting a further
slight improvement in sales and a significantly above-average growth in
earnings. Alongside operational improvements, the substantially lower
one-off burdens from the Süddekor integration are likely to play a
significant role in exerting a positive impact. The detailed outlook for
the business year 2016 will be presented at the Annual Press Conference in
Frankfurt on 29 April 2016 together with the audited financial statements
and the Annual Report for the year 2015.
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 papers,
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. 2,600 and manufactures at 20
sites on four continents, currently generating approximately 28 % 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.
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--------------------------------------------------------------------------- 23.03.2016 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 Listed: Regulated Market in Frankfurt (Prime Standard), Munich; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Stuttgart End of News DGAP News Service --------------------------------------------------------------------------- 447837 23.03.2016
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