28.06.2018
SURTECO SE DE0005176903
DGAP-News: SURTECO SE: SURTECO presents Strategy 2025+ at the Annual General Meeting
DGAP-News: SURTECO SE / Key word(s): AGM/EGM
SURTECO SE: SURTECO presents Strategy 2025+ at the Annual General Meeting
28.06.2018 / 13:30
The issuer is solely responsible for the content of this announcement.
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SURTECO presents Strategy 2025+ at the Annual General Meeting
- Strategy with stronger focus on customer requirements, innovative force
and ongoing external growth
- Annual General Meeting agrees to all agenda items with large majority.
Dividend of EUR 0.80 per share
Munich, 28 June 2018 - At today's Annual General Meeting in Munich,
SURTECO SE presented its new Growth Strategy 2025+ to the shareholders
present at the meeting. The Strategy is based on the following three central
pillars: a stronger focus on customer needs as a result of improved
positioning in the market and with respect to competition, significant
intensification of research and development for new products, and ongoing
external growth. The organizational structure of the Group will also be
streamlined in this connection and this will make it more flexible and more
efficient. As a result, SURTECO is likely to achieve a sustainable and
significant increase in business volume. This will exert positive impacts on
corporate value.
After a good start to the business year 2018, the company continues to
expect sales revenues of EUR 725 to 750 million and earnings (EBIT) of EUR
49 to 53 million for the full year, but challenges have been increasing for
some weeks now. For example, the growth forecasts for Germany were reduced,
which may also affect the sectors relevant to SURTECO. It can no longer be
ruled out that political tensions will have negative impacts on global
trade.
After the end of the first quarter, SURTECO had a very healthy balance sheet
structure. In spite of the comprehensive acquisition activity, the equity
ratio on 31 March 2018 was a robust 40.9 % and the gearing (level of debt)
was 59 %.
All agenda items at the AGM approved with a large majority
The shareholders present at the Annual General Meeting approved all agenda
items with a large majority. This also included the payout of an unchanged
dividend of EUR 0.80 compared with the previous year. The payout ratio of 47
% of the consolidated net profit is therefore within the scope of the
internal target of around 50 %. Based on the current share price, this
corresponds to a dividend return of around 3.0 %.
More information on SURTECO SE and on the Annual General Meeting of the
company including the voting results is available on the Internet at
www.ir.surteco.com.
Contact:
SURTECO SE
Martin Miller
Investor Relations and Press Office
+49 (0) 8274/99 88-508
Internet www.ir.surteco.de
Email: [email protected]
Fax: + 49 (0) 8274/99 88-515
Profile of SURTECO
SURTECO SE with registered office in Buttenwiesen-Pfaffenhofen is a
mid-sized holding company with international operations. The company listed
on the stock exchange combines leading national and international brands for
surface technology under one roof. The comprehensive product portfolio
includes papers printed with decor designs, impregnated materials, release
papers, decorative flat foils and edgebandings based on specialist technical
papers and plastics. This portfolio is complemented by skirtings made of
plastics, technical extrusions (profiles) for industry, and roller shutter
systems.
The Group has a workforce of more than 3,300 employees at 23 production
sites worldwide, generating annual sales of around EUR 690 million (status
2017). 25% of these sales are generated in Germany, 46% in European
countries outside Germany and a further 29% in America, Asia and Australia.
Customers of the SURTECO Group primarily come from the wood-based, flooring
and furniture industries, as well as from interior design.
More information on the company is available at: www.ir.surteco.com
The shares in 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.
Cautionary note regarding forward-looking statements
This press release may contain 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 assumes no obligation to
update any forward-looking statements contained herein or to adapt such
information to future results or developments.
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28.06.2018 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.
Archive at www.dgap.de
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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, Tradegate Exchange
End of News DGAP News Service
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699611 28.06.2018
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