Germany – Surteco SE, a leading global manufacturer of surfaces for the furniture and wood-based materials industry and producer of technical extrusions (profiles), succeeded in achieving significant growth in the third quarter. 

Organic growth, as well as the recent takeovers of the Portuguese Probos Group and the British Nenplas Group contributed to the increases in sales and profit.

The Group posted a 19% increase in quarterly sales to € 182.3 million (Q3-2016: € 153.2 million) and an improvement of 5 % to € 516.4 million (9M-2016: € 490.9 million) after nine months. The high level of profitability for the acquired companies and positive effects derived from measures directed towards efficiency enhancements meant that earnings before financial result and income tax (EBIT) increased by 59 % to € 14.4 million (Q3-2016: € 9.0 million) during the quarter under review and went up to € 33.7 million (9M-2016: € 30.6 million) after three quarters.

“The first-time consolidation of the Probos Group taken over in July led to an increase in margin for the Group and highlights the high level of profitability of our new Group subsidiary companies. This profitability combined with robust organic growth means that we are confident of achieving our goals for the year,” commented Dr. Herbert Müller, Chairman of the Board of Management of SURTECO SE.

January – September (9M-2017)

July – September (3Q-2017)