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DGAP-Ad-hoc: SURTECO SE: Half-year figures for the period 1 January to 30 June 2010


SURTECO SE / Half Year Results

11.08.2010 07:35

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.

SURTECO SE, leading international manufacturer of surface technologies based on plastics and papers for the international construction and furnishing industry, generated sales of EUR 191.1 million in the first half year of 2010. This was an improvement of 13 % above the sales volume in the equivalent year-earlier period. The German market grew by 3 %, foreign sales rose by 19 %. The percentage of foreign sales went up by three percentage points to 66 %.
The Strategic Business Unit Plastics closed the first six months of the reporting year with sales of EUR 112.0 million (+6 %). The paper segment generated EUR 79.1 million (+26 %). Growth was primarily powered by foreign markets.
During the first half year of 2010, the operating result (EBITDA) of the SURTECO Group amounted to EUR 32.0 million (+3 %). Earnings before tax (EBT) increased by +108 % from EUR 8.7 million to EUR 18.1 million. This was due to a number of factors including a significant improvement in the financial result from EUR -12.2 million to EUR -3.8 million. In the first half year of 2009, an impairment of EUR 6.0 million was necessary on account of the unfavourable development in price for the package of shares in Pfleiderer AG, Neumarkt, held by SURTECO.
Consolidated net profit amounted to EUR 12.7 million (2009: EUR 4.1 million) during the first six months of the year. 11,075,522 no-par shares yield earnings per share of EUR 1.15 (2009: EUR 0.37).

11.08.2010 Ad hoc announcement, Financial News and Press Release distributed by DGAP. Media archive at www.dgap-medientreff.de and www.dgap.de
 
Language:     English
Company:      SURTECO SE
              Johan-Viktor-Bausch-Str. 2
              86647 Buttenwiesen-Pfaffenhofen
              Deutschland
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 News DGAP News-Service  


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