GERMANY – Although consolidated sales at €297.1 million were 5% below the previous year (9M-2012: €313.0 million), SURTECO SE – one of the world’s leading manufacturers of decorative surface finishes – has continued to achieve a robust performance against the background of a difficult sector environment.

A slight easing of pressure at the procurement end and successes from the efficiency programs implemented recently meant that earnings before interest, tax, depreciation and amortization (EBITDA) were maintained at a stable level with €40.5 million (nine months 2012: €41.0 million). Furthermore, the EBITDA margin was increased from 13.1 % to 13.6%.

“SURTECO has achieved a robust performance in a difficult market environment. As a result of the acquisition of Süddekor, we see good potential for achieving the profitable growth over the long term that we have projected,” commented the Chairman of the Board of Management of SURTECO SE Friedhelm Päfgen.