Surteco Group SE

Earnings Release • Nov 11, 2011

News Details

Ad-hoc | 11 November 2011 07:59

SURTECO SE: Nine-month figures for the period 1 January to 30 September 2011

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

11.11.2011 07:59

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The issuer is solely responsible for the content of this announcement.

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Buttenwiesen-Pfaffenhofen, 11 November 2011 - SURTECO SE generated sales
of EUR 312.9 million in the first three quarters of 2011. The leading
manufacturer of surface technologies based on plastics and technical papers
for the international construction and furnishing industry thereby
increased the sales volume by 7 % compared with the equivalent year-earlier
period. An increase of 6 % was posted on the German market while foreign
sales rose by 8 %.
The Strategic Business Unit Plastics closed the first nine months of the
year with sales of EUR 180.0 million (+5 %). The paper segment generated
EUR 132.9 million (+11 %). Growth in the Strategic Business Unit Plastics
was achieved overwhelmingly in foreign markets whereas growth in the
Strategic Business Unit Paper was shared equally between the domestic and
foreign markets.
During the first three quarters of 2011, the operating result (EBITDA) of
the SURTECO Group amounted to EUR 45.0 million (-8 %). Earnings before tax
(EBT) fell from EUR 26.4 to EUR 18.5 million. This was caused in part by
the impairments amounting to EUR 3.2 million during the first half-year on
the package of shares in Pfleiderer AG, Neumarkt, held by SURTECO, high
purchasing prices, and one-off effects amounting to EUR 2 million arising
from preparations for an acquisition that has meanwhile been abandoned.
Consolidated net profit amounted to EUR 12.0 million (previous year:
EUR 19.4 million) after the first nine months of the reporting year.
11,075,522 no-par-value shares yield earnings per share of EUR 1.09
(previous year: EUR 1.75).

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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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