Surteco Group SE revised earnings guidance for the year 2023. For the year 2023, the company expected EBIT is now in the range of EUR 5 million to EUR 15 million. The increase in revenue is solely a result of the additional business from the acquired Omnova divisions starting from March 1, 2023.

However, due to the ongoing weak demand, the overall group revenue for the fiscal year 2023 is expected to be significantly below the original forecast of ?920 million to ?950 million.