SURTECO GROUP SE
ISIN: DE0005176903
WKN: 517690
19 November 2024 03:09PM

EQS-News: SURTECO GROUP SE publishes statement on the mandatory offer of BANASINO INVESTMENTS S.à r.l.

SURTECO GROUP SE · ISIN: DE0005176903 · EQS - Company News
Country: Germany · Primary market: Germany · EQS NID: 2033565

EQS-News: SURTECO GROUP SE / Key word(s): Statement
SURTECO GROUP SE publishes statement on the mandatory offer of BANASINO INVESTMENTS S.à r.l.

19.11.2024 / 15:09 CET/CEST
The issuer is solely responsible for the content of this announcement.


SURTECO GROUP SE publishes statement on the mandatory offer of BANASINO INVESTMENTS S.à r.l.

Buttenwiesen, 19 November 2024 - The Management Board and the Supervisory Board have published a joint statement on the mandatory offer of BANASINO INVESTMENTS S.à r.l. pursuant to Section 27 of the German Securities Acquisition and Takeover Act (Wertpapiererwerbs- und Übernahmegesetz).

Among other things, it explains that the members of the SURTECO pool, who hold a total of 56.87% of the voting rights in SURTECO GROUP SE, do not intend to accept the mandatory offer at a price of EUR 16.96 per SURTEO share for the SURTECO shares tied up in the SURTECO pool.

In addition, no member of the Management Board and/or the Supervisory Board intends to accept the offer for the shares they hold.

Furthermore, the Management Board and Supervisory Board see no basis for recommending acceptance of the offer to the shareholders of SURTECO GROUP SE. This declaration is explained in detail in the joint statement.

The full text of the joint statement is published on the homepage of the company www.surteco.com under the menu item Investor Relations - Takeover Offer.

It is expressly pointed out that only the joint statement by the Management Board and the Supervisory Board is authoritative. The information in this press release does not constitute an explanation or supplement to the statements in the joint statement.

 

 

Contact:

SURTECO GROUP SE  
 
Martin Miller
Investor Relations
T: +49 8274 9988-508
 
 
www.surteco.com
ir@surteco.com
 
 
 

 

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 € 835 million. 20 % of these sales are in Germany, 39 % in European countries outside Germany and a further 41 % 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.



19.11.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com


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.com
Internet: www.surteco.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: 2033565

 
End of News EQS News Service

2033565  19.11.2024 CET/CEST

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Boersengefluester.de (BGFL) provides an overview of the key figures on sales, earnings, cash flow and dividends to help you better assess the fundamental development of the respective companies. All information is entered manually in our database - the source is the respective annual reports. All estimates for future figures are provided by BGFL.

The most important financial data at a glance
  2018 2019 2020 2021 2022 2023 2024e
Sales1 698,98 675,27 626,99 757,06 747,70 835,09 885,00
EBITDA1,2 72,78 66,29 88,32 114,76 84,18 66,57 91,00
EBITDA-Margin3 10,41 9,82 14,09 15,16 11,26 7,97 10,28
EBIT1,4 32,20 21,12 46,15 72,52 40,18 8,12 38,00
EBIT-Margin5 4,61 3,13 7,36 9,58 5,37 0,97 4,29
Net Profit (Loss)1 18,93 9,76 33,77 47,81 25,23 -2,42 21,00
Net-Margin6 2,71 1,45 5,39 6,32 3,37 -0,29 2,37
Cashflow1,7 60,70 84,04 82,66 43,75 69,14 100,58 84,00
Earnings per share8 1,20 0,61 2,17 3,08 1,63 -0,79 1,25
Dividend per share8 0,55 0,00 0,80 1,00 0,70 0,00 0,40
Quelle: boersengefluester.de and Company information
Explanation

1 in Mio. Euro; 2 EBITDA = Earnings before interest, taxes, depreciation and amortisation; 3 EBITDA in relation to sales; 4 EBIT = Earnings before interest and taxes; 5 EBIT in relation to sales; 6 Net profit (-loss) in relation to sales; 7 Cashflow from operations; 8 in Euro; Source: boersengefluester.de

Auditor: PricewaterhouseCoopers

All relevant valuation ratios, dates and other investor information on your share at a glance. Good to know: All data comes from boersengefluester.de and is updated daily. This means you are always up to date. You can get brief explanations of the key figures by moving the cursor or mouse over the relevant field.

INVESTOR-INFORMATION
©boersengefluester.de
Surteco Group
WKN ISIN Legal Type Marketcap IPO Recommendation Plus Code
517690 DE0005176903 SE 307,01 Mio € 02.11.1999 Halten 8FWGJP79+24
* * *
PE 2025e PE 10Y-Ø BGFL-Ratio Shiller-PE PB PCF KUV
12,77 17,44 0,73 14,48 0,75 3,05 0,37
Dividends
Dividend '2022
in €
Dividend '2023
in €
Dividend '2024e
in €
Div.-Yield '2024e
in %
0,70 0,00 0,40 2,02%
Financial calendar
Annual General Meeting Q1-figures Q2-figures Q3-figures Annual press conference
11.06.2025 29.04.2025 31.07.2025 31.10.2024 29.04.2025
Performance
Distance 60-days-line Distance 200-days-line Performance YtD Performance 52 weeks IPO
Last Price (EoD)
-4,81%
19,80 €
ATH 40,40 €
+8,42% +22,21% +22,22% +32,89% +0,00%

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