Surteco Group SE

Earnings Release • Nov 11, 2010

News Details

Ad-hoc | 11 November 2010 07:31

SURTECO SE: Nine-month figures for the period 1 January to 30 September 2010

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

11.11.2010 07:31

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SURTECO SE, leading international manufacturer of surface technologies
based on plastics and papers for the international construction and
furnishing industry, generated sales of EUR 291.7 million in the first
three quarters of 2010. This was an improvement of 15 % above the sales
volume in the equivalent year-earlier period. The German market grew by 4
%, foreign sales rose by 21 %. The percentage of foreign sales went up by
three percentage points to 67 %.
The Strategic Business Unit Plastics closed the first nine months of the
reporting year with sales of EUR 171.9 million (+9 %). The paper segment
generated EUR 119.8 million (+26 %). Growth was primarily powered by
foreign markets.
During the first three quarters of 2010, the operating result (EBITDA) of
the SURTECO Group amounted to EUR 48.9 million (+14 %). Earnings before tax
(EBT) increased by +95 % from EUR 13.6 million to EUR 26.4 million. This
was due to a number of factors including a significant improvement in the
financial result from EUR -14.4 million to EUR -6.7 million. In the first
quarter of 2009, an impairment of EUR 6.0 million was necessary on account
of the unfavourable development in price for the package of shares in
Pfleiderer AG, Neumarkt, held by SURTECO.
Consolidated net profit amounted to EUR 19.4 million (2009: EUR 7.7
million) during the first six months of the year. 11,075,522 no-par shares
yield earnings per share of EUR 1.75 (2009: EUR 0.69).

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Language: English
Company: SURTECO SE
Johan-Viktor-Bausch-Str. 2
86647 Buttenwiesen-Pfaffenhofen
Deutschland
Phone: +49 (0)8274 99 88-0
Fax: +49 (0)8274 99 88-5 05
E-mail: g.schneller@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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