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SURTECO

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DGAP-Ad-hoc: SURTECO SE: Quarterly figures for the period 1 January to 31 March 2012


SURTECO SE / Key word(s): Quarter Results/Interim Report
11.05.2012 07:39

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.


Buttenwiesen-Pfaffenhofen, 11 May 2012 - SURTECO SE, leading manufacturer of surface materials based on plastics and technical papers for the international construction and furniture industries, generated sales of EUR 107.3 million in the first quarter of 2012 and was therefore 1 % below the volume for the equivalent year-earlier period. Sales in the domestic market rose by 1 %, whereas foreign sales eased by 1 %. The share of foreign sales in total sales remained constant at 66 %.

The Strategic Business Unit Plastics closed the first three months of the business year with sales amounting to EUR 62.9 million (+4 %). The paper segment achieved sales of EUR 44.3 million (-6 %).
In the first quarter of 2012, the operating result (EBITDA) of the SURTECO Group amounted to EUR 13.5 million (-26 %). Earnings before tax (EBT) decreased by 35 % to EUR 5.7 million. The negative impact on earnings is essentially due to the increase in the cost of materials. The cost of materials ratio increased by 1.3 percentage points to 47.3 % by comparison with the equivalent quarter in the previous year.

Consolidated net profit after the first three months of the business year came to EUR 3.8 million (2011: EUR 5.6 million). Earnings per share amounted to EUR 0.35 (2011: EUR 0.50) based on 11,075,522 no-par-value shares.


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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  
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