SURTECO GROUP SE: Preliminary result for the business year 2023

EQS-News: SURTECO GROUP SE / Key word(s): Preliminary Results
SURTECO GROUP SE: Preliminary result for the business year 2023

25.03.2024 / 17:30 CET/CEST
The issuer is solely responsible for the content of this announcement.

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SURTECO GROUP SE: Preliminary result for the business year 2023

* Consolidated net profit achieves EUR 835.1 million

* EBITDA at EUR 66.6 million, adjusted EBITDA at EUR 86.4 million

Buttenwiesen, 25 March 2024 - SURTECO GROUP SE has generated Group sales
amounting to EUR 835.1 million according to unaudited preliminary figures
presented. On the back of the additional sales derived from the acquired
divisions of Omnova on 1 March 2023, this value is above the year-earlier
sales of EUR 747.7 million. However, owing to the difficult framework
conditions and the resulting weak demand, actual sales fell short of the
original sales target of EUR 920 million to EUR 950 million. Provisional
earnings before financial result, income tax and depreciation and
amortization (EBITDA) amount to EUR 66.6 million (2022: EUR 84.2 million). Less
one-off exceptional effects such as acquisition and integration costs,
consultancy costs, provisions for personnel measures and PPA step-up
inventories, adjusted EBITDA amounts to EUR 86.4 million after EUR 84.2 million
in the previous year. The provisional earnings before financial result and
income tax (EBIT) amount to EUR 8.1 million (2022: EUR 40.2 million) and lie
within the adjusted earnings forecast given in October 2023. EBIT adjusted
by extraordinary one-off expenses amounts to EUR 37.4 million (2022: EUR 40.2
million).

"In the business year 2023, firstly the framework conditions were very
unfavourable, and secondly we had to absorb extraordinary one-off expenses
associated with the integration of the Omnova divisions and with measures
relating to structural improvements. As a consequence, we are once again
fully on course owing to complete integration of Omnova and an economy that
will hopefully soon take off again," commented Wolfgang Moyses, Chairman of
the Management Board of SURTECO GROUP SE.

The Annual Report for 2023 will be published on 24 April 2024.

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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25.03.2024 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:    1866427

End of News EQS News Service
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1866427 25.03.2024 CET/CEST