Put companies on watchlist
SURTECO GROUP SE
ISIN: DE0005176903
WKN: 517690
About
Company Snapshot
New: Enable Investor Alerts
Be informed about new publications
New: AI Factsheet

Corporate News meets AI! 
Content analysis and summary

EN GIF 300X250

SURTECO GROUP SE · ISIN: DE0005176903 · EQS - Company News (54 News)
Country: Germany · Primary market: Germany · EQS NID: 1367469
07 June 2022 05:00PM

Annual General Meeting approves dividend of € 1.00 per share


DGAP-News: SURTECO GROUP SE / Key word(s): AGM/EGM
SURTECO GROUP SE: Annual General Meeting approves dividend of € 1.00 per share

07.06.2022 / 17:00
The issuer is solely responsible for the content of this announcement.


SURTECO GROUP SE: Annual General Meeting approves dividend of € 1.00 per share

Munich, 7 June 2022 – At the virtual Annual General Meeting, the CEO of SURTECO GROUP SE explained the development in 2021 and the current business situation to the shareholders. Thanks to good business development after the turbulence caused by the pandemic in the previous year, the company was able to report the most successful financial year in the company's history in 2021. Sales increased to € 757 million and earnings before interest and taxes (EBIT) to € 73 million. In this respect, the Supervisory Board and Management Board proposed increasing the dividend by 25% to € 1.00 per share, which was approved by the Annual General Meeting with a large majority. In addition, the remuneration report and an adjustment to the remuneration system for the members of the Management Board were approved.

The first quarter of 2022 was not yet significantly affected by the Russia-Ukraine conflict. In the months from January to March 2022, the company was able to increase sales again by 13% compared to the same quarter of the previous year to € 213 million. Quarterly EBIT fell by 6 % to € 20.2 million compared to the same quarter of the previous year, mainly due to the continued high raw material costs, which can only be passed on in part and with a time lag. However, this result is still at a very high level. For the year as a whole, however, the company expects a decline in demand due to the currently uncertain framework conditions. Group sales should be between € 730 and € 750 million and group EBIT between € 55 and € 65 million. This forecast is subject to no further deterioration due to the Russia-Ukraine conflict and the supply chain problem.

Further information on SURTECO GROUP SE and the company's general meeting, including the voting results and a video recording, can be found on the Internet at www.ir.surteco.com/hv.

 

Contact:

SURTECO GROUP SE  
Martin Miller
Investor Relations and Press Office
T +49 8274 9988-508
F +49 8274 9988-505
 
www.surteco.com
ir@surteco.com
 
 

Profile of SURTECO

SURTECO GROUP SE with registered office in Buttenwiesen is a mid-sized holding company with international operations. The company listed on the stock exchange combines leading national and international brands for surface technology under one roof. The comprehensive product portfolio includes papers printed with decor designs, impregnated materials, release papers, decorative flat foils and edgebandings based on specialist technical papers and plastics. This portfolio is complemented by skirtings made of plastics, technical extrusions (profiles) for industry, and roller shutter systems. With more than 3,000 employees at 22 production sites worldwide, the Group generates annual sales of around EUR 757 million in 2021. 25 % of these sales are generated in Germany, 47 % in European countries outside Germany and a further 28 % in America, Asia and Australia. Customers of the SURTECO Group primarily come from the wood-based, flooring and furniture industries, as well as from interior design.

The shares in SURTECO GROUP SE are listed on the official market (Prime Standard) of the Frankfurt and Munich Stock Exchanges under the ticker symbol SUR and ISIN DE0005176903. They are also traded on the stock markets in Berlin, Düsseldorf and Stuttgart.

 

Cautionary note regarding forward-looking statements

This press release may contain statements of future forecasts or expectations and other forward-looking statements and involves known and unknown risks and uncertainties. There is therefore no guarantee for the statements and expectations expressed herein. The actual results and developments may differ substantially. The company assumes no obligation to update any forward-looking statements contained herein or to adapt such information to future results or developments.

 



07.06.2022 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: 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
EQS News ID: 1367469

 
End of News DGAP News Service

1367469  07.06.2022 

fncls.ssp?fn=show_t_gif&application_id=1367469&application_name=news&site_id=boersengefluester
Visual performance / price development - SURTECO GROUP SE
Smart analysis and research tools can be found here.

This publication was provided by our content partner EQS3.

EQS Newswire
via EQS - Newsfeed
EQS Group AG ©2024
(DGAP)
Contact:
Karlstraße 47 D-80333 München
+49 (0) 89 444 430-000

 

SMART * AD
EN GIF 970X250

P R O D U C T   S U G G E S T I O N S

The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.


The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.

If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.

For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.


1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.