Surteco Group SE

Earnings Release • May 12, 2011

News Details

Ad-hoc | 12 May 2011 08:08

SURTECO SE: Quarterly figures for the period 1 January to 31 March 2011

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

12.05.2011 08:08

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

---

Buttenwiesen-Pfaffenhofen, 12 May 2011 - SURTECO SE, leading manufacturer
of surface technologies based on plastics and papers for the international
construction and furnishing industries, generated sales of EUR 108.0
million, taking the Group 20 % above the volume for the first quarter of
the corresponding year-earlier quarter. Growth was achieved in the German
market (+16 %) and in foreign markets (+21 %). The share of foreign sales
in total sales went up by one percentage point to 66 %.
The Strategic Business Unit Plastics closed the first quarter of the year
with sales amounting to EUR 60.6 million (+15 %). The paper segment
achieved sales of EUR 47.4 million (+27 %).
During the first quarter of 2011, the operating result (EBITDA) of the
SURTECO Group amounted to EUR 18.2 million (+20 %). Earnings before tax
(EBT) increased by 8 % to EUR 8.7 million. The lower percentage increase in
EBT compared with EBITDA was due to a further impairment on a package of
shares held by SURTECO in Pfleiderer AG, Neumarkt, amounting to EUR 1.3
million.
Consolidated net profit after the first three months of the business year
amounted to EUR 5.6 million (2010: EUR 5.3 million). Earnings per share
were EUR 0.50 (2010: EUR 0.48) based on 11,075,522 no-par-value shares.

12.05.2011 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

---

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

---