Dienstag, 24.03.2020, 12:00 Uhr Surteco Group SE

Sales and earnings forecast for 2019 achieved

Surteco Group SE was able to achieve its sales and earnings forecast for the 2019 financial year after presenting preliminary figures. At 675.3 million euros, consolidated turnover was within the target corridor of 670 to 700 million euros.

The main reason for the decline in sales compared to the previous year (699.0 million Euros) was the sale of the North American impregnation business. The operating result (adjusted EBIT) of EUR 40.5 million was slightly above forecast. Due to restructuring provisions and other special effects totaling 19.4 million euros, the reported EBIT of 21.1 million euros in the reporting year was below the previous year's figure of 32.2 million euros.

The individual segments showed different developments in 2019. While by far the largest segment, "Decoratives", was slightly below the previous year in terms of sales revenues, as forecast, the "Profiles" segment was able to increase sales revenues more significantly than forecast. The "Technicals" segment suffered on the one hand from weak demand for laminate flooring and on the other hand from the sale of the North American impregnation business and was therefore below forecast.

"Surteco has achieved the operating sales and earnings forecast for 2019. The sale of the North American impregnation business and the initiation of restructuring measures will further improve competitiveness in the medium term. We are in a very solid financial and balance sheet position to counteract the expected burdens from the dynamically developing corona crisis," comments Wolfgang Moyses, CEO of Surteco Group SE, on the development.

Publication of the annual financial statements and the annual report for 2019 is scheduled for 30 April 2020.

Das könnte Sie auch interessieren...

Mittwoch, 22.05.2019, 10:10 Uhr
Surteco

Solid start to the new fiscal year

Surteco has made a solid start to the 2019 financial year despite difficult conditions. Group sales from January to March amounted to € 181.9 million and were thus, as expected, around 3 percent be... weiter...

Ähnliche News...

Dienstag, 01.10.2019, 09:54 Uhr
Surteco Group SE

Wechsel im Vorstandsvorsitz

Am heutigen Tag übernahm Wolfgang Moyses planmäßig den Vorsitz des Vorstands der Surteco Group SE. Herr Moyses tritt damit die Nachfolge von Dr. Herbert Müller an, der die Managementverantwortung s... weiter...

Freitag, 08.05.2020, 15:00 Uhr
Surteco Group SE

Wechsel im Aufsichtsratsvorsitz

Die Amtszeit des bisherigen Aufsichtsratsvorsitzenden der Gesellschaft, Dr.-Ing. Jürgen Großmann, endet mit Ablauf der ordentlichen Hauptversammlung des Jahres 2020. Dr. Großmann hat erklärt, in di... weiter...

Mittwoch, 07.10.2020, 12:15 Uhr
Surteco Group SE

Veränderung der Aktionärsstruktur

Der Vorsitzende des Aktienpools Surteco hat mit Schreiben vom 6. Oktober 2020 mitgeteilt, daß die Klöpfer & Königer Management GmbH ihre Mitgliedschaft im Aktienpool Surteco mit Wirkung zum Abl... weiter...

Durch die Nutzung dieser Website erklären Sie sich damit einverstanden, dass diese Seite Cookies verwendet. Mehr Infos