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Corporate News: SURTECO GROUP SE: Good start to the year 2024

SURTECO GROUP SE / Key word(s): Quarterly / Interim Statement
SURTECO GROUP SE: Good start to the year 2024

30.04.2024 / 07:00 CET/CEST
The issuer is solely responsible for the content of this announcement.

SURTECO GROUP SE: Good start to the year 2024

  • EBITDA at € 27.6 million up by 44 % compared with previous year
  • Consolidated net profit increases by 90 % to € 6.9 million

Buttenwiesen, 30 April 2024 – In the first quarter of 2024, sales of the SURTECO Group at € 222.3 million were 8 % above the year-earlier value of € 205.7 million. The acquired divisions of Omnova were only included for one month in the first quarter of the previous year. Earnings before financial result, income tax and depreciation and amortization (EBITDA) increased by 44 % to € 27.6 million (2023: € 19.1 million) and earnings before income tax (EBT) went up by 90 % to € 9.8 million (2023: € 5.1 million), essentially as a consequence of margin improvements arising from the Performance Plus programme and the absence of transaction costs from the acquisition. Consolidated net profit also rose by 90 % to € 6.9 million after € 3.6 million in the previous year, resulting in earnings per share of € 0.44 (2023: € 0.23).

Consequently, the forecast set out in the Annual Report 2023 is confirmed. The projection is that Group sales for the business year 2024 as a whole will be in the range between € 860 million and € 910 million, and adjusted EBITDA for the Group in the range between € 85 million and € 105 million.

“In a market environment that continues to be difficult, we have succeeded in making a good start to the business year 2024. Our measures derived from the Performance Plus programme have contributed significantly to achieving an improvement in earnings,” commented Wolfgang Moyses, Chairman of the Management Board of SURTECO GROUP SE.

You will find the quarterly report Q1-2024 and other information about SURTECO GROUP SE on the Internet at


Profile of SURTECO

SURTECO GROUP SE with registered office in Buttenwiesen is a mid-sized enterprise listed on the stock exchange with international operations. The company combines leading national and international brands for surface technology under one roof. Its comprehensive product portfolio includes papers printed with decor designs, impregnated materials, release papers, decorative flat foils and edge bandings based on specialist technical papers and plastics. This portfolio is complemented by skirtings made of plastics, technical extrusions (profiles) for industry, and roller shutter systems. The Group has a workforce of more than 3,500 employees at 24 production sites worldwide, generating annual sales of around € 835 million. 20 % of these sales are in Germany, 39 % in European countries outside Germany and a further 41 % in America, Asia and Australia. Customers of the SURTECO Group primarily come from wood-based, flooring and furniture industries, as well as from interior design.

More information on the company is available at:

The shares in SURTECO GROUP SE are listed on the official market (Prime Standard) of the Frankfurt and Munich Stock Exchanges under the ticker symbol SUR and ISIN DE0005176903. They are also traded on the stock markets in Berlin, Düsseldorf and Stuttgart.


Cautionary note regarding forward-looking statements

This press release may contain 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 assumes no obligation to update any forward-looking statements contained herein or to adapt such information to future results or developments.


Martin Miller
Investor Relations
T: +49 8274 9988-508
F: +49 8274 9988-515


Important indicators of SURTECO GROUP SE (in € million)

    Q1-2023   Q1-2024   Variation
Consolidated sales 205.7 222.3 +8
      - of which Surfaces 75.1 71.6 -5
      - of which Edgebands 39.8 39.0 -2
      - of which Profiles 39.1 34.7 -11
       -of which North America 38.9 65.9 +69
       -of which Asia / Pacific 12.7 11.1 -12
EBITDA1 19.1 27.6 +44
      - of which Surfaces 4.2 8.1 +95
      - of which Edgebands 7.9 7.2 -9
      - of which Profiles 6.9 4.9 -28
       -of which North America 1.7 7.7 +342
       -of which Asia / Pacific 2.5 1.7 -35
EBT 5.1 9.8 +90
Consolidated net profit 3.6 6.9 +90
Earnings per share in € 2 0.23 0.44 +90
  1. Difference to balance of segment earnings due to internal clearing
  2. Based on a number of shares amounting to 15,505,731



30.04.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Johan-Viktor-Bausch-Str. 2
86647 Buttenwiesen
Phone: +49 (0)8274 99 88-0
Fax: +49 (0)8274 99 88-5 05
ISIN: DE0005176903
WKN: 517 690
Listed: Regulated Market in Frankfurt (Prime Standard), Munich; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Stuttgart, Tradegate Exchange
EQS News ID: 1890869

End of News EQS News Service

1890869  30.04.2024 CET/CEST