SURTECO SE / Key word(s): Half Year Results/Interim Report
11.08.2011 07:51

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.

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Buttenwiesen-Pfaffenhofen, 11 August 2011 - The sales of SURTECO SE, leading international manufacturer of surface technologies based on plastics and technical papers for the international construction and furnishing industry, rose by comparison with the equivalent year-earlier period by 11 % to EUR 211.6 million during the first half of the year. Sales growth of 7 % was generated in the German market. An increase of 12 % was posted for sales abroad. The sales ratio for foreign sales increased by 1 percentage point to 67 %.

Sales of the Strategic Business Unit Plastics increased by 7 % to EUR 119.8 million. Growth was primarily achieved abroad (+10 %). The domestic market went up by 2 %. Sales for the Strategic Business Unit Paper grew by 15 % in Germany, and by 17 % abroad. Overall, the segment generated sales of EUR 91.8 million for the half year, which was 16 % higher than the equivalent year-earlier period (2010: EUR 79.1 million).
The proportion of cost of materials in relation to sales increased by 2.3 percentage point to 46.0 %. However, the SURTECO Group generated operating earnings (EBITDA) of EUR 31.8 million (2010: EUR 32.0 million). EBT came down to EUR 12.6 million (2010: EUR 18.1 million) on account of negative exchange-rate effects amounting to EUR 0.8 million and impairments for the share package held by SURTECO in Pfleiderer AG, Neumarkt, amounting to EUR 3.2 million.

Consolidated net profit amounted to EUR 8.1 million (2010: EUR 12.7 million). Earnings per share based on an unchanged number of shares at 11,075,522 no-par-value shares amounted to EUR 0.73 (2010: EUR 1.15).

11.08.2011 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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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:       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  

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