Buttenwiesen-Pfaffenhofen, 11 November 2011 – SURTECO SE generated sales of € 312.9 million in the first three quarters of 2011. The leading manufacturer of surface technologies based on plastics and technical papers for the international construction and furnishing industry thereby increased the sales volume by 7 % compared with the equivalent year-earlier period. An increase of 6 % was posted on the German market while foreign sales rose by 8 %.
The Strategic Business Unit Plastics closed the first nine months of the year with sales of € 180.0 million (+5 %). The paper segment generated € 132.9 million (+11 %). Growth in the Strategic Business Unit Plastics was achieved overwhelmingly in foreign markets whereas growth in the Strategic Business Unit Paper was shared equally between the domestic and foreign markets.
During the first three quarters of 2011, the operating result (EBITDA) of the SURTECO Group amounted to € 45.0 million (-8 %). Earnings before tax (EBT) fell from € 26.4 to € 18.5 million. This was caused in part by the impairments amounting to € 3.2 million during the first half-year on the package of shares in Pfleiderer AG, Neumarkt, held by SURTECO, high purchasing prices, and one-off effects amounting to € 2 million arising from preparations for an acquisition that has meanwhile been abandoned.
Consolidated net profit amounted to € 12.0 million (previous year: € 19.4 million) after the first nine months of the reporting year. 11,075,522 no-par-value shares yield earnings per share of € 1.09 (previous year: € 1.75).
