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DGAP-Ad-hoc: SURTECO SE: Preliminary results 2011


SURTECO SE / Key word(s): Final Results/Preliminary Results
15.03.2012 07:41

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.

Ad-hoc release pursuant to Article § 15 Securities Trading Act (WpHG)
15 March 2012

SURTECO SE: Preliminary results 2011

The sales of SURTECO SE, leading manufacturer of surface materials based on plastics and technical papers for the international construction and furnishing industry, rose by 5 % in the business year 2011 and reached a volume of 408.8 million euros. Foreign sales increased by 6 % and sales in the German market went up by 4 %. The proportion of foreign sales was unchanged at 67 %.

The Strategic Business Unit Plastics generated sales of 234.5 million euros during the course of the business year. This corresponds to a rise of 4 %. The paper segment generated sales of 174.3 million euros (+7 %).
During the business year 2011, the SURTECO Group achieved an operating result (EBITDA) of 56.1 million euros after 62.5 million euros in the previous year. The preliminary pretax result amounted to some 22 million euros (2010: 32.0 million euros). The deviation from the result for the previous year essentially results from significant price rises for raw materials which could not be passed on in full by the balance sheet date, one-off effects and an impairment amounting to 3.5 million euros on the package of shares in Pfleiderer AG, Neumarkt, held by SURTECO.
SURTECO SE will publish the complete, audited annual financial statements for the business year 2011 on 27 April 2012.


15.03.2012 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:       ir@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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