SURTECO GROUP SE: Good start to the year 2024

EQS-News: SURTECO GROUP SE / Key word(s): Quarterly / Interim Statement
SURTECO GROUP SE: Good start to the year 2024

30.04.2024 / 07:00 CET/CEST
The issuer is solely responsible for the content of this announcement.

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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

Important indicators of SURTECO GROUP SE (in EUR million)

                               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
    EBITDA1                       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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30.04.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
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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:    1890869

End of News EQS News Service
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1890869 30.04.2024 CET/CEST