SURTECO SE / Key word(s): Preliminary Results/Final Results
26.03.2014 07:54

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

---

Ad-hoc release pursuant to Article § 15 Securities Trading Act (WpHG)
26 March 2014

SURTECO SE: Preliminary results 2013

Buttenwiesen-Pfaffenhofen, 26 March 2014 - The preliminary results of SURTECO SE - one of the leading manufacturers of surface materials based on plastics and technical papers for the international furniture and flooring industry - were significantly affected during the year under review by the acquisition of the SÜDDEKOR companies in December 2013. Hence sales of 404.1 million euros for the group of companies were slightly below the previous year (407.7 million euros). While the domestic market eased by 6 %, foreign sales went up by 1 %. The foreign sales ratio increased by 1 percentage point to 70 %. The sales of the Strategic Business Unit Plastics fell back by 3 % and achieved 229.4 million euros. Sales in the paper segment climbed by 3 % to 174.7 million euros. This includes sales revenues amounting to 14.2 million euros from the SÜDDEKOR companies.
The preliminary operating result (EBITDA) of the Group increased in 2013 to 60.3 million euros after 51.7 million euros in 2012. This increase results from the difference in book values of the acquired SÜDDEKOR companies at the purchase price (badwill) and the new valuation of the assets under purchase price allocation. These one-off effects are recorded as income in the income statement. Adjusted by these one-off items, EBITDA would amount to around 48.1 million euros. This one-off effect also allowed the preliminary pre-tax result (EBT) to increase to around 27.5 million euros (2012: 21.2 million euros).

SURTECO SE will publish the complete, audited annual financial statements for the business year 2013 on 30 April 2014.


26.03.2014 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
              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
Indices:      SDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard), München; Freiverkehr in Berlin, Düsseldorf, Stuttgart  
End of Announcement DGAP News-Service  

---