DGAP-News: A.S. Création Tapeten AG / Key word(s): AGM/EGM/Quarter Results 
A.S. Création Tapeten AG: Annual General Meeting of Shareholders approves dividend of EUR 0.90 per share for 2020. New 
Supervisory Board Chairman elected. Q1 2021 in line with expectations 
2021-05-06 / 14:58 
The issuer is solely responsible for the content of this announcement. 
=---------------------------------------------------------------------------------------------------------------------- 
A.S. Création Tapeten AG, Gummersbach 
(ISIN DE000A1TNNN5) 
Annual General Meeting of Shareholders approves dividend of EUR 0.90 per share for 2020. New Supervisory Board Chairman 
elected. Q1 2021 in line with expectations 
Due to the contact restrictions imposed in the context of the coronavirus crisis, today's Annual General Meeting of 
Shareholders of A.S. Création Tapeten AG, Europe's leading wallpaper manufacturer, was held as a virtual meeting 
without the physical presence of shareholders. 
Constant dividend 
In view of the positive earnings performance in 2020, it was decided to distribute a dividend of EUR 0.90 per share for 
the past fiscal year. The Chairman of the Supervisory Board, Mr Jochen Müller, thanked all employees of A.S. Création 
for their great commitment in the past fiscal year. The acts of the Managing Board and the Supervisory Board were 
ratified by a large majority of the shareholders. 
Changes on the Supervisory Board 
The regular election of the Supervisory Board members resulted in some changes. Ms Benner-Heinacher, who had been a 
member of the Supervisory Board since 1998, did not run for re-election. The Chairman of the Supervisory Board thanked 
Ms Benner-Heinacher for the important impulses she had contributed to the development of A.S. Création over the past 23 
years. Mr Jörn Kämper, the former Chairman of the Managing Board of A.S. Création, was elected to the Supervisory Board 
as the new shareholder representative by a large majority of the shareholders attending the Annual General Meeting of 
Shareholders. Dr Hues, Mr Müller and Dr Zilkens were also re-elected as shareholder representatives by a large majority 
at the Annual General Meeting of Shareholders. The employees had elected Ms Tauscher and Mr Wegner as their 
representatives on the Supervisory Board already prior to the Annual General Meeting of Shareholders. This also led to 
changes in the employee representatives, as the two long-serving employee representatives, Mr Mourschinetz and Mr 
Schmuck, did not run for re-election. At the constituent meeting of the Supervisory Board following the Annual General 
Meeting of Shareholders, the Supervisory Board elected Mr Kämper as Chairman and Mr Müller as his Vice Chairman. 
Successful start to the fiscal year 2021 
At the Annual General Meeting of Shareholders, the Managing Board presented the interim report for the period ended 
March 31, 2021. Under the difficult macroeconomic conditions in the first quarter of 2021, A.S. Création managed to 
increase its consolidated revenues by 6.7% or EUR 2.5 million from EUR 37.8 million in the previous year to EUR 40.3 million. 
Stronger revenue growth in the first quarter of 2021 was prevented by the COVID-19 situation in Germany. While sales 
revenues increased in all other regions, A.S. Création's domestic revenues declined by 11.4%. As a result, 
first-quarter revenues were still slightly below plan. 
As revenues increased in sync with the gross profit margin, A.S. Création's results from operation improved 
significantly. Operating EBIT adjusted for one-time effects rose from EUR 2.0 million in the first quarter of 2020 to EUR 
3.7 million in the current fiscal year, which was in line with the company's planning. This positive performance was 
achieved, among other things, thanks to the increased share of higher-quality and higher-priced products in the overall 
product range, which reflects the success of the product policy of the past years. 
Outlook optimistic, but subject to risks 
The Managing Board is satisfied with the performance in the first quarter of 2021 and confirmed the planning for the 
full year 2021, which projects revenues of between EUR 147 million and EUR 157 million (previous year: EUR 144.9 million) and 
EBIT adjusted for one-time effects of between EUR 9 million and EUR 11 million (previous year: EUR 8.8 million). The question 
of whether the full-year targets will be reached essentially depends on how long the existing restrictions in 
connection with the COVID-19 pandemic will remain in place and whether renewed restrictions will be imposed in the main 
output markets in the further course of the year. In addition, there is uncertainty with regard to further developments 
in the procurement markets. At present, A.S. Création is facing sharply rising raw materials prices, which are weighing 
on earnings. 
In spite of all short-term uncertainty, the Managing Board remains convinced that there is a structural increase in 
demand for wallpapers and furnishing fabrics resulting from the fact that people attach growing importance to their own 
home. 
Gummersbach, May 6, 2021 
A.S. Création Tapeten AG 
The Managing Board 
Inquiries: 
Maik Krämer, Director of Finance and Controlling, phone +49-2261-542 387, e-mail m.kraemer@as-creation.de 
The full interim report is available at 
http://www.as-creation.com/investor-relations/interim-reports.html or from: 
A.S. Création Tapeten AG, Frau Börngen, Südstr. 47, D - 51645 Gummersbach, phone +49-2261-542 350, 
e-mail: investor@as-creation.de 
=---------------------------------------------------------------------------------------------------------------------- 
2021-05-06 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. 
The issuer is solely responsible for the content of this announcement. 
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. 
Archive at www.dgap.de 
=---------------------------------------------------------------------------------------------------------------------- 
Language:     English 
Company:      A.S. Création Tapeten AG 
              Südstraße 47 
              51645 Gummersbach 
              Germany 
Phone:        +49 22 61 54 2-0 
Fax:          +49 22 61 54 2-3 04 
E-mail:       investor@as-creation.de 
Internet:     http://www.as-creation.de 
ISIN:         DE000A1TNNN5 
WKN:          A1TNNN 
Listed:       Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, 
              Hamburg, Munich, Stuttgart, Tradegate Exchange 
EQS News ID:  1193524 
 
End of News   DGAP News Service 
=------------ 

1193524 2021-05-06


 
Image link: 
https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1193524&application_name=news

(END) Dow Jones Newswires

May 06, 2021 08:59 ET (12:59 GMT)