SURTECO GROUP SE: Annual General Meeting resolves to carry forward the net profit for a new account

* Tim Fiedler and Jochen Müller elected to the supervisory board

* SURTECO has done well in the crisis so far

Munich, 2 October, 2020 - At the virtual general meeting, the CEO of SURTECO GROUP SE explained the current business situation to the shareholders. Thanks to a high level of cost flexibility, falling raw material prices and the restructuring that has already been initiated, a positive result could still be achieved in the second quarter despite the significant decline in sales due to the corona crisis. In view of the solid equity base, the good liquidity and the decent result in the first half of 2020, the company still expects to handle the crisis well. For the full year 2020, the Management Board expects that sales and earnings will be significantly below the original targets of € 675 to 700 million sales and € 40 to 45 million EBIT.

The shareholders approved all items on the agenda with a large majority. The Annual General Meeting appointed Mr. Tim Fiedler, a member of the Supervisory Board previously appointed by the court, as a shareholder representative on the Supervisory Board. In addition, the Annual General Meeting appointed Mr. Jochen Müller to the Supervisory Board as a shareholder representative, who will succeed Dr. Jürgen Großmann as a member of the Supervisory Board. Dr. Großmann had held the position as chairman of the Supervisory Board since 2002 and thanked at his last general meeting for the trust placed in him. He also asked the shareholders to pass this trust to his prospective successor as Chairman of the Supervisory Board, Mr. Andreas Engelhardt.

Further information about SURTECO GROUP SE and the company's general meeting, including the voting results and a video recording, can be found on the Internet at www.surteco-group.com.

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Profile of SURTECO

SURTECO GROUP SE with registered office in Buttenwiesen is a mid-sized holding company with international operations. The company listed on the stock exchange combines leading national and international brands for surface technology under one roof. The comprehensive product portfolio includes papers printed with decor designs, impregnated materials, release papers, decorative flat foils and edgebandings based on specialist technical papers and plastics. This portfolio is complemented by skirtings made of plastics, technical extrusions (profiles) for industry, and roller shutter systems. With more than 3,100 employees at 22 production sites worldwide, the Group generates annual sales of around EUR 675 million in 2019. 25 % of these sales are generated in Germany, 47 % in European countries outside Germany and a further 28 % in America, Asia and Australia. Customers of the SURTECO Group primarily come from the wood-based, flooring and furniture industries, as well as from interior design.

The shares in SURTECO GROUP SE are listed on the official market (Prime Standard) of the Frankfurt and Munich Stock Exchanges under the ticker symbol SUR and ISIN DE0005176903. They are also traded on the stock markets in Berlin, Düsseldorf and Stuttgart.

Cautionary note regarding forward-looking statements

This press release may contain statements of future forecasts or expectations and other forward-looking statements and involves known and unknown risks and uncertainties. There is therefore no guarantee for the statements and expectations expressed herein. The actual results and developments may differ substantially. The company assumes no obligation to update any forward-looking statements contained herein or to adapt such information to future results or developments.