SURTECO SE / Key word(s): Half Year Results/Change in Forecast 05.08.2015 10:14 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a service 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) SURTECO confirms sales outlook - earnings target adjusted due to additional costs for relocation activities Buttenwiesen-Pfaffenhofen, 5 August 2015 - SURTECO SE - one of the leading global manufacturers of decorative surface materials - succeeded in improving consolidated sales within the projected framework by 4% to EUR 327.2 million (1st half year 2014: EUR 315.3 million) during the 1st half year of 2015. Both Strategic Business Units contributed to this positive development. By contrast, earnings in the months of April to June were impacted negatively by enhanced costs entailed by integration processes including additional construction measures related to reorganization, and a temporary surplus of personnel. These costs were incurred by relocation of decorative printing to the Buttenwiesen site. The operating result (EBITDA) at EUR 34.6 million was therefore below the comparable value of EUR 39.6 million for the equivalent year-earlier period. The same applies to the pre-tax result, which achieved a value of EUR 16.8 million (1st half year 2014: EUR 17.8 million) after the first six months. Since higher costs are also anticipated for relocation and the increasing prices of raw materials, SURTECO is accordingly adjusting its outlook for earnings in the year overall in spite of the countermeasures that have meanwhile been initiated. SURTECO continues to forecast unchanged a slight increase in sales compared with the previous year (2014: EUR 618.5 million). Conversely, the pre-tax profit is not likely to be marginally above the year-earlier value after adjustment for restructuring expenses (EUR 9.4 million) in line with expectations. Rather, it is projected to be in the range below EUR 30 million. The value of EUR 22.3 million actually posted before adjustment in 2014 will therefore be significantly exceeded. The report on the 1st half of the year 2015 will be published as announced on 14 August 2015. You can find other information about SURTECO SE on the Internet at www.surteco.com. Contact: 05.08.2015 The DGAP 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 Listed: Regulated Market in Frankfurt (Prime Standard), Munich; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------