Surteco SE

News Detail
SURTECO

Ad-hoc announcements, press releases, directors’ dealings and voting rights notifications – fast, precise and informative. As a shareholder, investor and interested party, you will find all the relevant capital market releases on these pages.

DGAP-Ad-hoc: SURTECO SE: Preliminary results for 2010


SURTECO SE / Key word(s): Final Results/Preliminary Results
16.03.2011 07:57

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.

SURTECO SE, leading manufacturer of surface materials based on plastics and technical papers for the international construction and furnishing industry, generated sales of EUR 388.8 million in the business year 2010 and was therefore 14 % above the volume for 2009 (EUR 341.1 million). While foreign sales increased by 19 %, an increase of 5 % was posted in the German market. The proportion of foreign sales rose by three percentage points to 67 %.
The Strategic Business Unit Plastics closed the business year with sales of EUR 226.4 million. This corresponds to a rise of 8 %. The paper segment generated sales of EUR 162.4 million (+24 %).
The SURTECO Group generated an operating result (EBITDA) of EUR 62.5 million in 2010, some 15 % more than in 2009 (EUR 54.3 million). The pretax result (EBT) rose by EUR 14.4 million or 82 % to EUR 32.0 million. This was due to a significant improvement in the financial result from EUR -16.9 million to EUR -9.6 million. In 2009, the unfavourable share price performance of a package of shares in Pfleiderer AG, Neumarkt, necessitated an impairment amounting to EUR 6.0 million (2010: EUR 0.4 million). SURTECO SE will publish the complete, audited annual financial statements for the business year 2010 on 29 April 2011.


16.03.2011 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  


back