SURTECO GROUP SE: Annual General Meeting adopts agenda items with a large
majority.

EQS-News: SURTECO GROUP SE / Key word(s): AGM/EGM
SURTECO GROUP SE: Annual General Meeting adopts agenda items with a large
majority.

07.06.2024 / 13:15 CET/CEST
The issuer is solely responsible for the content of this announcement.

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SURTECO GROUP SE: Annual General Meeting adopts agenda items with a large
majority. Tobias Pott and Jörg Wissemann are once again elected to the
Supervisory Board. Management Board Contract of Andreas Pötz is extended

Munich, 7 June 2024 - At the ordinary Annual General Meeting, the Chairman
of the Management Board of SURTECO GROUP SE reported to the shareholders on
the development of the business in 2023 and outlined the current business
situation. In particular, the high interest rates were the cause of a
significant decline in demand over the past business year. Nevertheless, on
the back of the acquired divisions of Omnova from 1 March 2023, sales rose
to EUR 835 million (2022: EUR 748 million). Earnings before financial result and
income tax (EBIT) adjusted by one-off exceptional effects such as
transaction and integration costs, and provisions for personnel measures
amounted to EUR 37.1 million in 2023 after EUR 40.2 million in the previous
year.

SURTECO made a good start to the business year 2024 in the first quarter
with sales of EUR 222.3 million (2023: EUR 205.7 million) and adjusted EBITDA
(the new indicator for analyzing continuous operational development) of EUR
27.6 million (2023: EUR 19.1 million). In spite of ongoing low demand, the
contributions to earnings provided by the acquired divisions and improved
margins for expense items derived from the results of the Performance Plus
program led to this positive launch to the year.

The agenda items presented to the Annual General Meeting were passed with a
large majority. Hence, Mr. Tobias Pott and Mr. Jörg Wissemann were
re-elected as Members of the Supervisory Board. The Supervisory Board and
the Management Board decided to retain liquidity within the company for this
year and no proposal to pay out a dividend was submitted for a vote.

At the meeting of the Supervisory Board held after the Annual General
Meeting, the Management Board Contract for the CFO of the Group, Mr. Andreas
Pötz, was extended by a further five years.

You will find additional information on SURTECO GROUP SE and on the Annual
General Meeting of the company including the voting results and a video
recording on the Internet at www.ir.surteco.com/hv.


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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07.06.2024 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.

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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:    1918985

End of News EQS News Service
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1918985 07.06.2024 CET/CEST