Solid start to the 2025 business year

SURTECO GROUP SE: Solid start to the 2025 business year

• Earnings per share amount to € 0.54 in 2024 after € -0.79 in the previous year. Dividend proposal of € 0.30 per share.
• Sales for 2025 are projected at € 850 million to € 900 million. Adjusted EBITDA is expected between € 85 million and € 105 million.
• Solid start in business year 2025. Sales of € 222.3 million are at the year-earlier level and adjusted EBITDA is at € 26.7 million (2024: € 27.6 million).

Buttenwiesen, 29 April 2025 – Sales for the SURTECO Group amounted to € 856.6 million in the business year 2024, 3 % above the year-earlier level of € 835.1 million. The consolidation of the Omnova divisions over the entire year (over 10 months in the previous year) was therefore able to compensate for the ongoing weak demand in our sectors. EBITDA went up by 42 % to € 94.4 million (2024: € 66.6 million) and adjusted EBITDA (adjusted by one-off exceptional effects such as costs in connection with integration and transaction costs) rose by 10 % to € 95.3 million after € 86.4 million in the previous year. Earnings before financial result and income tax (EBIT) amounted to € 35.4 million (2024: € 8.1 million) and the consolidated net profit increased by 168 % to € 8.4 million after € -12.3 million in the previous year. The Supervisory Board and Management Board will submit a proposal to the ordinary Annual General Meeting that payment of a dividend of € 0.30 per share be paid. This corresponds to a payout rate in relation to consolidated net profit of around 55 %.

“In spite of the sustained weak demand, we succeeded in significantly raising our earnings in 2024. We are not anticipating any market momentum in the near future and will continue to focus on optimizing our production and workflow processes. Another top priority will be gaining new market shares and developing potential new markets on the back of product innovations.”, commented Wolfgang Moyses, Chairman of the Management Board of SURTECO GROUP SE.

First quarter of 2025

SURTECO experienced a solid start to the year 2025 with sales amounting to € 222.3 million (2024: € 222.3 million) and adjusted EBITDA of € 26.7 million (2024: € 27.6 million). Reported EBITDA amounted to € 19.5 million after € 27.6 million in the first quarter of 2024. This is made up of provisions for personnel measures in connection with the decision taken during the first quarter of 2025 to discontinue the business with impregnates and footprint optimizations in Edgebands. These provisions in personnel expenses are also the reason for the net loss of € -5.1 million in the first quarter of 2025 after € 6.9 million in the previous year.

Sales for the full year 2025 are projected to be in the range between € 850 million and € 900 million. Adjusted EBITDA is expected to lie between € 85 million and € 105 million.

You will find the Annual Report for 2024, the Report for the First Quarter of 2025 and other information about SURTECO GROUP SE on the Internet at
www.surteco.com.

Contact:

 Profile of SURTECO

SURTECO GROUP SE with registered office in Buttenwiesen is a mid-sized enterprise listed on the stock exchange with international operations. The company combines leading national and international brands for surface technology under one roof. Its comprehensive product portfolio includes papers printed with decor designs, impregnated materials, release papers, decorative flat foils and edge bandings 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. The Group has a workforce of more than 3,500 employees at 26 production sites worldwide, generating annual sales of around € 857 million. 19 % of these sales are in Germany, 37 % in European countries outside Germany and a further 44 % in America, Asia and Australia. Customers of the SURTECO Group primarily come from wood-based, flooring and furniture industries, as well as from interior design.

More information on the company is available at: www.surteco.com

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.

Important indicators of SURTECO GROUP SE (in € million)

1. Less acquisition and integration costs, consultancy costs, provisions for personnel measures and PPA step-up inventories
2. Difference to balance of segment earnings due to internal clearing
3. Based on a number of shares amounting to 15,505,731