A.S. Création Tapeten AG
A.S. Création Tapeten AG: Moderate start to new fiscal year for A.S. Création
A.S. Création Tapeten AG / Key word(s): Quarter Results Press Release A.S. Création Tapeten AG, Gummersbach Moderate start to new fiscal year for A.S. Création A.S. Création Tapeten AG, Europe’s leading wallpaper manufacturer has today published the report on the three-month period ended March 31, 2013. A summary is provided below: Stagnating sales revenues Operating earnings position slightly improved The start-up losses incurred by the Russian production company weighed on the bottom line. The joint venture, A.S. & Palitra, took the new production facility into operation at the end of October 2012. During the start-up phase of this new factory, losses naturally occur and are reflected in high reject rates and low efficiency. Accordingly, A.S. Création’s pro-rata share in these losses increased significantly from EUR 0.1 million in the prior year period to EUR 0.5 million in the first three months of 2013. At EUR 2.9 million, net profit for the first quarter was therefore 11% lower than the previous year’s EUR 3.3 million. Further reduction in liabilities Full-year forecast for 2013 confirmed The Group’s key figures for the first three months of 2013 are summarised below:
A.S. Création Tapeten AG The Managing Board Inquiries: The full 3-month report is available at: End of Corporate News 03.05.2013 Dissemination of a Corporate News, transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. 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: | A.S. Création Tapeten AG | |
Südstraße 47 | ||
51645 Gummersbach | ||
Germany | ||
Phone: | +49 22 61 54 2-0 | |
Fax: | +49 22 61 54 2-3 04 | |
E-mail: | investor@as-creation.de | |
Internet: | http://www.as-creation.de | |
ISIN: | DE0005079909 | |
WKN: | 507990 | |
Listed: | Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart | |
End of News | DGAP News-Service |
209394 03.05.2013 |