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EQS-News: SURTECO GROUP SE / Key word(s): Preliminary Results
Correction of a release from 25/03/2024, 17:30 CET/CEST - SURTECO GROUP SE: Preliminary result for the business year
2023
2024-03-26 / 08:22 CET/CEST
The issuer is solely responsible for the content of this announcement.
SURTECO GROUP SE: Preliminary result for the business year 2023
. Consolidated net sales 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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2024-03-26 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: 1866941

End of News EQS News Service
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1866941 2024-03-26 CET/CEST

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END) Dow Jones Newswires

March 26, 2024 03:22 ET (07:22 GMT)