SURTECO GROUP SE
SURTECO SE: increases sales and pretax profit, further profitable growth expected
DGAP-News: SURTECO SE / Key word(s): Preliminary Results Press Release
SURTECO increases sales and pretax profit, further profitable growth expected – Consolidated sales improved by 3 % to EUR 638 million during the business year 2015 – Pretax profit increases by 20 % to EUR 26.8 million – Outlook 2016: Modest increase in sales and substantial improvement in earnings are the objective Buttenwiesen-Pfaffenhofen, 23 March 2016 – SURTECO SE – one of the world’s leading manufacturers of decorative surface materials – succeeded in increasing sales and earnings within the anticipated framework in 2015. According to preliminary, unaudited figures, consolidated sales increased by 3 % from EUR 618.5 million to EUR 638.4 during the year under review. Both Strategic Business Units were able to make a contribution to this positive development. In spite of substantial integration costs for the concentration of German decorative printing activities, SURTECO also achieved an increase of 3 % by comparison with 2014 (EUR 62.8 million) in earnings before interest, tax and depreciation and amortization (EBITDA) at EUR 65.0 million. Lower depreciation and amortization, a significantly improved financial result, and positive, one-off extraordinary effects resulted in an increase in the pretax profit from EUR 22.3 million in 2014 to the current level of EUR 26.8 million. “We have achieved an increase in sales of almost EUR 20 million and improved earnings, and we also reached our adjusted annual targets defined in August of last year. Our focus in the business year 2015 was on the consistent relocation of the printing facilities and integration within the location in Buttenwiesen. In 2016, we can see additional potential for profitable growth because we will now be in an even better position to reap the fruits of our strategy of consolidation pursued in previous years,” commented the Chairman of the Board of Management of SURTECO SE, Dr. Herbert Müller. Further profitable growth is the focus for 2016 Subject to stable economic development, SURTECO is forecasting a further slight improvement in sales and a significantly above-average growth in earnings. Alongside operational improvements, the substantially lower one-off burdens from the Süddekor integration are likely to play a significant role in exerting a positive impact. The detailed outlook for the business year 2016 will be presented at the Annual Press Conference in Frankfurt on 29 April 2016 together with the audited financial statements and the Annual Report for the year 2015.
Cautionary note regarding forward-looking statements This press release contains statements of future forecasts or expectations and other forward-looking statements and involves known and unknown risks and uncertainties. There is therefore no guarantee for the statements and expectations expressed herein. The actual results and developments may differ substantially. The company does not intend to – and assumes no obligation – to update any forward looking statements contained herein or to adapt such information to future results or developments. Contact:
2016-03-23 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
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: | Regulated Market in Frankfurt (Prime Standard), Munich; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Stuttgart | |
End of News | DGAP News Service |