Surteco Group SE

Earnings Release • Aug 10, 2012

News Details

Ad-hoc | 10 August 2012 07:38

SURTECO SE: Half-year figures for the period 1 January to 30 June 2012

SURTECO SE / Key word(s): Half Year Results/Interim Report

10.08.2012 07:38

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Buttenwiesen-Pfaffenhofen, 10 August 2012 - SURTECO SE, leading
manufacturer of surface materials based on plastics and technical papers
for the international construction and furniture industries, generated
sales of EUR 210.9 million in the first half-year of 2012 and was therefore
at the level of the equivalent year-earlier period amounting to EUR 211.6
million. Sales in the domestic market eased by 1 %, whereas foreign sales
remained constant. The share of foreign sales in total sales rose by one
percentage point to 68 %.

The Strategic Business Unit Plastics increased sales by 2 % to EUR 122.2
million during the first six months of the business year. The paper segment
achieved sales of EUR 88.7 million (-3 %).

In the first two quarters, the operating result (EBITDA) of the SURTECO
Group amounted to EUR 26.5 million (-16 %). Earnings before tax (EBT)
decreased by 9 % to EUR 11.5 million. The fall was essentially due to the
ongoing high costs for raw materials and from a provision for restructuring
amounting to EUR 1.7 million. The cost of materials ratio increased by 0.5
percentage points to 46.5 % by comparison with the equivalent period in the
previous year.

Consolidated net profit after the first six months of the business year
came to EUR 7.8 million (2011: EUR 8.1 million). Earnings per share
amounted to EUR 0.70 (2011: EUR 0.74) based on 11,075,522 no-par-value
shares.

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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: ir@surteco.com
Internet: www.surteco.com
ISIN: DE0005176903
WKN: 517 690
Listed: Regulierter Markt in Frankfurt (Prime Standard), München;
Freiverkehr in Berlin, Düsseldorf, Stuttgart

End of Announcement DGAP News-Service

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