GERMANY – Surteco SE, one of the world’s leading manufacturers of decorative surface materials – reported a 3% rise in consolidated sales the first half of the year, reaching € 337.7 million (first half year 2015: € 327.2 million). This performance is in line with targets set by the company for the 2016 business year.

The reason for this growth was the friendly market environment and the gradual increase in production output for decorative paper following the concentration of decorative printing activities. Earnings before interest, tax, depreciation and amortization went up by 11 % to € 38.3 million. EBIT underwent a significant improvement by 22 % to € 21.6 million (1st half year 2015: € 17.7 million). With an almost equal income tax, a currency-related weaker financial result meant that the post-tax profit at € 12.0 million was only slightly above the comparable value for the previous year of € 11.6 million. However, during the second quarter, this value had more than doubled to € 6.7 million (second quarter 2015: € 3.2 million).

Against the background of the positive business performance, Surteco is confident that the Group will achieve the whole-year forecast for 2016. Accordingly, consolidated sales are likely to be slightly in excess of the record value achieved in 2015, and a substantial improvement in EBIT to between € 38 and 42 million should be generated. “Surteco can now increasingly benefit from integration of the Süddekor Group. This has emerged during the course of the second quarter. We are therefore confident that we will reach our target for the year and that EBIT will improve by more than 20 % to between € 38 and € 42 million,” commented Dr. Herbert Müller, Chairman of the Board of Management of Surteco SE.

 

Surteco Results January – June

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Surteco Results April – June

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