

The company assumes no obligation to update any forward-looking statements contained herein or to adapt such information to future results or developments. The actual results and developments may differ substantially. There is therefore no guarantee for the statements and expectations expressed herein. This press release may contain statements of future forecasts or expectations and other forward-looking statements and involves known and unknown risks and uncertainties. They are also traded on the stock markets in Berlin, Düsseldorf and Stuttgart.Ĭautionary note regarding forward-looking statements 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. Customers of the SURTECO Group primarily come from the wood-based, flooring and furniture industries, as well as from interior design. 25 % of these sales are generated in Germany, 47 % in European countries outside Germany and a further 28 % in America, Asia and Australia.

With more than 3,000 employees at 22 production sites worldwide, the Group generates annual sales of around EUR 757 million in fiscal year 2021. This portfolio is complemented by skirtings made of plastics, technical extrusions (profiles) for industry, and roller shutter systems. The comprehensive product portfolio includes papers printed with decor designs, impregnated materials, release papers, decorative flat foils and edgebandings based on specialist technical papers and plastics. The company listed on the stock exchange combines leading national and international brands for surface technology under one roof. SURTECO GROUP SE with registered office in Buttenwiesen is a mid-sized holding company with international operations.

Decoratives – the biggest segment in the Group – increased sales from € 274.5 million in the previous year to € 297.3 million in the first half year of 2022. Consolidated net profit amounted to € 22.5 million after € 25.7 million in the previous year.Īll segments in the group succeeded in increasing their sales revenues. Hence, earnings before financial result and income tax (EBIT) at € 33.5 million were 14 % below the year-earlier value. In conjunction with higher other operating expenses, the increased cost of materials nevertheless exerted pressure on profit margins, although the company was still able to maintain direct energy costs at a stable level. Primarily due to price effects from passing on the exceedingly high raw materials prices, sales increased by 10 % to € 415.1 million compared with the previous half year. Economic environment continues to deteriorateīuttenwiesen, 29 July 2022 – SURTECO GROUP SE, holding company for leading national and international brands of surface technology, succeeded in increasing sales revenues in the first half year of 2022 in spite of a tangible slowdown in demand.EBIT margin at 8 % and in absolute terms at € 33.5 million.Group sales increase by 10 % to € 415.1 million.SURTECO GROUP SE: Sales above previous year cost of raw materials depresses margin
