Brief: Surtego FY Net Profit Up At EUR 33.7 Million

Surteco SE

30/04/2021 06:10

April 30 (Reuters) - SURTECO GROUP SE  SURG.DE :
    * STRONG START TO THE YEAR IN THE FIRST QUARTER OF 2021 WITH
SALES
GROWTH OF 10 % AND INCREASE IN EARNINGS OF 61 % COMPARED WITH
THE PREVIOUS YEAR
    * SALES REVENUES FOR 2020 ARE 3 % BELOW YEAR-EARLIER FIGURE
AFTER
ADJUSTMENT FOR COMPANY DIVESTMENT AND FOREIGN EXCHANGE RATE
EFFECTS. EARNINGS FOR 2020 ARE SIGNIFICANTLY ABOVE PREVIOUS
YEARS
    * DIVIDEND PAYOUT OF EUR 0.80 PLANNED FOR 2020
    * GROUP SALES FOR 2021 ANTICIPATED TO INCREASE TO BETWEEN
EUR 650
AND 675 MILLION. EBIT IS ANTICIPATED IN CORRIDOR BETWEEN EUR 47
AND 52 MILLION
    * FY NET PROFIT INCREASED MORE THAN THREEFOLD FROM EUR 9.4
MILLION
TO EUR 33.7 MILLION

Source text for Eikon:  ID:nEQ5yQ3xna 
Further company coverage:  SURG.DE 

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