GERMANY –    During the first three quarters of 2025, Surteco Group, a leading, full service provider of decorative surfaces,  recorded sales of EUR 639.8 million, compared to EUR 662.2 million in the same period of the previous year.

After accounting for the discontinuation of the impregnates division in May 2025 and negative exchange rate effects, operating sales declined by only 1%, reflecting sluggish economic growth in Germany and reduced demand in the furniture industry.

Adjusted EBITDA for January to September 2025 reached EUR 73.2 million (2024: EUR 76.8 million). However, in the third quarter alone, earnings rose to EUR 22.5 million, up from EUR 19.8 million in Q3 2024.

After income tax expenses of EUR -9.2 million (2024: EUR -8.9 million), the company posted a net loss of EUR -5.2 million, compared to a net profit of EUR 7.8 million a year earlier. Free cash flow totaled EUR 20.4 million, slightly below EUR 23.8 million in the same period of 2024.

Given the continued weak demand, Surteco Group maintains strict cost discipline and confirms its 2024 Annual Report forecast of adjusted EBITDA between EUR 85 million and EUR 105 million, expecting to reach the lower end of this range. Forecasted sales between EUR 850 million and EUR 900 million are also anticipated to come in at the lower end or slightly below, due to ongoing market weakness and exchange rate effects.

“Demand in our sector remains weaker than expected at the beginning of the year. However, through the long-term optimization of our processes and structures and by maintaining strict cost discipline, we will be able to offset the volume shortfall and achieve our adjusted EBITDA target,” said Wolfgang Moyses, Chairman of the Management Board of Surteco Group SE.