Buttenwiesen-Pfaffenhofen, 11 August 2011 – The sales of SURTECO SE, leading international manufacturer of surface technologies based on plastics and technical papers for the international construction and furnishing industry, rose by comparison with the equivalent year-earlier period by 11 % to € 211.6 million during the first half of the year. Sales growth of 7 % was generated in the German market. An increase of 12 % was posted for sales abroad. The sales ratio for foreign sales increased by 1 percentage point to 67 %.
Sales of the Strategic Business Unit Plastics increased by 7 % to € 119.8 million. Growth was primarily achieved abroad (+10 %). The domestic market went up by 2 %. Sales for the Strategic Business Unit Paper grew by 15 % in Germany, and by 17 % abroad. Overall, the segment generated sales of € 91.8 million for the half year, which was 16 % higher than the equivalent year-earlier period (2010: € 79.1 million).
The proportion of cost of materials in relation to sales increased by 2.3 percentage point to 46.0 %. However, the SURTECO Group generated operating earnings (EBITDA) of € 31.8 million (2010: € 32.0 million). EBT came down to € 12.6 million (2010: € 18.1 million) on account of negative exchange-rate effects amounting to € 0.8 million and impairments for the share package held by SURTECO in Pfleiderer AG, Neumarkt, amounting to € 3.2 million.
Consolidated net profit amounted to € 8.1 million (2010: € 12.7 million). Earnings per share based on an unchanged number of shares at 11,075,522 no-par-value shares amounted to € 0.73 (2010: € 1.15).
