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EQS-News: SURTECO GROUP SE / Key word(s): Quarterly / Interim Statement
SURTECO GROUP SE: Good start to the year 2024
2024-04-30 / 07:00 CET/CEST
The issuer is solely responsible for the content of this announcement.
SURTECO GROUP SE: Good start to the year 2024
. EBITDA at EUR 27.6 million up by 44 % compared with previous year
. Consolidated net profit increases by 90 % to EUR 6.9 million
Buttenwiesen, 30 April 2024 - In the first quarter of 2024, sales of the SURTECO Group at EUR 222.3 million were 8 %
above the year-earlier value of EUR 205.7 million. The acquired divisions of Omnova were only included for one month in
the first quarter of the previous year. Earnings before financial result, income tax and depreciation and amortization
(EBITDA) increased by 44 % to EUR 27.6 million (2023: EUR 19.1 million) and earnings before income tax (EBT) went up by 90
% to EUR 9.8 million (2023: EUR 5.1 million), essentially as a consequence of margin improvements arising from the
Performance Plus programme and the absence of transaction costs from the acquisition. Consolidated net profit also rose
by 90 % to EUR 6.9 million after EUR 3.6 million in the previous year, resulting in earnings per share of EUR 0.44 (2023: EUR
0.23).
Consequently, the forecast set out in the Annual Report 2023 is confirmed. The projection is that Group sales for the
business year 2024 as a whole will be in the range between EUR 860 million and EUR 910 million, and adjusted EBITDA for the
Group in the range between EUR 85 million and EUR 105 million.
"In a market environment that continues to be difficult, we have succeeded in making a good start to the business year
2024. Our measures derived from the Performance Plus programme have contributed significantly to achieving an
improvement in earnings," commented Wolfgang Moyses, Chairman of the Management Board of SURTECO GROUP SE.
You will find the quarterly report Q1-2024 and other information about SURTECO GROUP SE on the Internet at
www.surteco.com.

Profile of SURTECO
SURTECO GROUP SE with registered office in Buttenwiesen is a mid-sized enterprise listed on the stock exchange with
international operations. The company combines leading national and international brands for surface technology under
one roof. Its comprehensive product portfolio includes papers printed with decor designs, impregnated materials,
release papers, decorative flat foils and edge bandings 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. The Group has a workforce of more than 3,500 employees at 24 production sites worldwide, generating
annual sales of around EUR 835 million. 20 % of these sales are in Germany, 39 % in European countries outside Germany
and a further 41 % in America, Asia and Australia. Customers of the SURTECO Group primarily come from wood-based,
flooring and furniture industries, as well as from interior design.
More information on the company is available at: www.surteco.com
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.
Contact:
SURTECO GROUP SE

Martin Miller
Investor Relations
T: +49 8274 9988-508
F: +49 8274 9988-515
www.surteco.com
ir@surteco.com


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Important indicators of SURTECO GROUP SE (in EUR million)

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Q1-2023   Q1-2024   Variation 
Consolidated sales                   205.7     222.3          +8 
- of which Surfaces             75.1      71.6          -5 
- of which Edgebands            39.8      39.0          -2 
- of which Profiles             39.1      34.7         -11 
-of which North America        38.9      65.9         +69 
-of which Asia / Pacific       12.7      11.1         -12 
EBITDA^1                              19.1      27.6         +44 
- of which Surfaces              4.2       8.1         +95 
- of which Edgebands             7.9       7.2          -9 
- of which Profiles              6.9       4.9         -28 
-of which North America         1.7       7.7        +342 
-of which Asia / Pacific        2.5       1.7         -35 
EBT                                    5.1       9.8         +90 
Consolidated net profit                3.6       6.9         +90 
Earnings per share in EUR^ 2            0.23      0.44         +90 1. Difference to balance of segment earnings due to internal clearing 2. Based on a number of shares amounting to 15,505,731 

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2024-04-30 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.eqs-news.com

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Language:     English 
Company:      SURTECO GROUP SE 

Johan-Viktor-Bausch-Str. 2
86647 Buttenwiesen
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, Tradegate Exchange
EQS News ID: 1890869

End of News EQS News Service
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1890869 2024-04-30 CET/CEST

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END) Dow Jones Newswires

April 30, 2024 01:01 ET (05:01 GMT)