Surteco Group SE

Earnings Release • May 11, 2007

News Details

Ad-hoc | 11 May 2007 07:55

SURTECO AG CONTINUES TREND OF RECORDS FROM THE PREVIOUS YEAR

SURTECO AKTIENGESELLSCHAFT / Quarter Results

Release of an Ad hoc announcement according to § 15 WpHG, transmitted by
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The issuer is solely responsible for the content of this announcement.

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Disproportionate increase in earnings during the first quarter –
Further increase in free float intended to accelerate listing in the SDAX

Buttenwiesen-Pfaffenhofen, 11 May 2007. – SURTECO AG again generated record
figures last year with sales of € 403.2 (+ 2 %) and a pretax profit of €
46.0 (+ 23 %). This positive trend continued during the first quarter.
Compared with the equivalent figure in the first quarter of 2006,
consolidated sales went up by 1.3 % to € 107.6 million and the leading
international specialist for surface technologies achieved a
disproportionate increase in earnings. EBITDA increased by 7 % to € 20.9
million (19.5). Hence, the EBITDA margin went up from 18.4 % to 19.4 %.
Earnings before tax (EBT) exceeded the equivalent year-earlier value by 10
% at € 14.4 million in the first quarter of 2007. Consolidated net income
also rose in the same order. At € 9.0 million, it was € 0.9 million
higher year-on-year.

SURTECO AG is among the leading suppliers to the construction and
furnishing industry for printed decorative papers, decorative flat foils,
edgebandings based on specialist technical papers and plastics, and a wide
range of other plastic products. The group reported a rise in domestic
sales from € 39.4 million to € 41.6 million (+ 6 %), whereas consolidated
foreign sales remained virtually constant at € 66.0 million. However, the
company only regards this development as a temporary snapshot because the
key stimuli for growth continue to be expected from foreign markets,
despite the slight upswing in the domestic economy which has also impacted
positively on the German furniture industry.

This is particularly the case for the Strategic Business Unit Plastics
which expanded sales in the first quarter of 2007 to € 61.8 million (60.4)
which corresponds to an increase in excess of 2 %. At € 45.8 million, sales
at the Strategic Business Unit Paper were at virtually the same level as
the previous year.

SURTECO AG further optimized Group structure with the acquisition of French
trading company SDCA S.A.S. (Angers) and completion of the takeover of
Italian company Arbe s.r.l. (Martellago) in the first quarter. The primary
aim was also to drive forward its positive development in foreign markets.

The gratifying performance of SURTECO AG during the first quarter is also
reflected in the performance of the share which was quoted at a price of €
38.5 on 31 March and had therefore advanced by 18 % compared with the
equivalent year-earlier quarter in 2006. SURTECO AG recently also increased
the Group’s free float from 19.9 % to 23.7 % in order to expand the
opportunities offered by the capital market. This move takes the company
closer to its aim of obtaining a listing for the SURTECO share in the SDAX
index.

DGAP 11.05.2007

Language: English
Issuer: SURTECO AKTIENGESELLSCHAFT
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
www: www.surteco.com
ISIN: DE0005176903
WKN: 517 690
Indices:
Listed: Amtlicher Markt in Frankfurt (Prime Standard), München;
Freiverkehr in Berlin-Bremen, Düsseldorf, Stuttgart

End of News DGAP News-Service

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