Surteco Group SE

Earnings Release • Mar 14, 2013

News Details

Ad-hoc | 14 March 2013 07:43

SURTECO SE: Preliminary results 2012

SURTECO SE / Key word(s): Preliminary Results/Final Results

14.03.2013 07:43

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Ad-hoc release pursuant to Article § 15 Securities Trading Act (WpHG)

14 March 2013

SURTECO SE: Preliminary results 2012

SURTECO SE, one of the leading manufacturers of surface materials based on
plastics and technical papers for the international construction and
furnishing industry, generated sales amounting to 407.7 million euros in
the business year 2012 (2011: 408.8 million euros). While the domestic
market fell back by 3 %, foreign sales went up by 1 %. The share of foreign
sales in total sales increased by 2 percentage points to 69 %. The sales of
the Strategic Business Unit Plastics rose by 1 % to 237.6 million euros.
Sales in the paper segment slowed by 2 % and reached 170.1 million euros.

During the course of 2012, the Group achieved an operating result (EBITDA)
of 51.7 million euros after 56.1 million euros in 2011. The decline was
essentially caused by a one-off expense amounting to 1.7 million euros for
restructuring measures and the collectively agreed payscale increase for
wages and salaries which could not be passed on to customers in their
entirety. The financial result improved significantly because the package
of shares in Pfleiderer AG still held by SURTECO was subject to impairment
in the previous year. The preliminary operating result before tax (EBT)
amounted to some 21 million euros (2011: 22.9 million euros).

SURTECO SE will publish the complete, audited annual financial statements
for the business year 2012 on 30 April 2013.

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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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