SURTECO SE: Quarterly figures for the period 1 January to 31 March 2011

Buttenwiesen-Pfaffenhofen, 12 May 2011 – SURTECO SE, leading manufacturer of surface technologies based on plastics and papers for the international construction and furnishing industries, generated sales of € 108.0 million, taking the Group 20 % above the volume for the first quarter of the corresponding year-earlier quarter. Growth was achieved in the German market (+16 %) and in foreign markets (+21 %). The share of foreign sales in total sales went up by one percentage point to 66 %.
The Strategic Business Unit Plastics closed the first quarter of the year with sales amounting to € 60.6 million (+15 %). The paper segment achieved sales of € 47.4 million (+27 %).
During the first quarter of 2011, the operating result (EBITDA) of the SURTECO Group amounted to € 18.2 million (+20 %). Earnings before tax (EBT) increased by 8 % to € 8.7 million. The lower percentage increase in EBT compared with EBITDA was due to a further impairment on a package of shares held by SURTECO in Pfleiderer AG, Neumarkt, amounting to € 1.3 million.
Consolidated net profit after the first three months of the business year amounted to € 5.6 million (2010: € 5.3 million). Earnings per share were € 0.50 (2010: € 0.48) based on 11,075,522 no-par-value shares.