SURTECO GROUP SE: Preliminary sales and earnings for the 2021 financial year - EBIT likely to exceed forecast and market expectations
January 31, 2022 at 01:41 am EST
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DGAP-Ad-hoc: SURTECO GROUP SE / Key word(s): Preliminary Results
SURTECO GROUP SE: Preliminary sales and earnings for the 2021 financial year - EBIT likely to exceed forecast and market expectations
31-Jan-2022 / 07:39 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Publication of insider information pursuant to Article 17 Market Abuse Regulations (MAR)
SURTECO GROUP SE: Preliminary sales and earnings for the 2021 financial year - EBIT likely to exceed forecast and market expectations
Buttenwiesen, 31January 2022
According to preliminary evaluations, SURTECO GROUP SE anticipates earnings before financial result and income tax (EBIT) to be above ? 70 million for 2021. EBIT is thus above the upper end of the company's previous forecast of ? 63 million to ? 68 million and above the highest analyst estimate of ? 69 million.
Revenues are expected to be around ? 756 million, slightly above the upper end of the company's previous forecast of ? 725 million to ? 750 million.
SURTECO GROUP SE will publish the audited complete consolidated financial statements for the 2020 financial year on 14 April 2022.
Contact:
Martin Miller
Investor Relations
ir@surteco-group.com
+49 (0)8274 9988-508
31-Jan-2022 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
Language:
English
Company:
SURTECO GROUP SE
Johan-Viktor-Bausch-Str. 2
86647 Buttenwiesen
Germany
Phone:
+49 (0)8274 99 88-0
Fax:
+49 (0)8274 99 88-5 05
E-mail:
ir@surteco-group.com
Internet:
www.surteco-group.com
ISIN:
DE0005176903
WKN:
517 690
Listed:
Regulated Market in Frankfurt (Prime Standard), Munich; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Stuttgart, Tradegate Exchange
Surteco Group SE, formerly SURTECO SE, is a Germany-based developer, designer, producer, and marketer of surface materials based on paper and plastics. The Company operates through two segments: Paper and Plastics. The Paper segment comprises the production and sale of paper-based edge bandings, finish foils, impregnates, release paper, and decor papers, and the Plastics segment includes the production and sale of thermoplastic edgings, foils, roller shutter systems, technical extrusions (profiles), skirting, and extrusions for flooring wholesalers, home improvement and do-it-yourself stores. The Company markets products under the Surteco Decor, Canplast, Dakor and Praktikus brands, among others.
SURTECO GROUP SE 
