One-Off Effects Depress Earnings

Surteco SE

27/10/2023 06:32

Oct 27 (Reuters) - Surteco Group Se  SURG.DE :
    * SURTECO GROUP SE: SALES ABOVE YEAR-EARLIER VALUE ON THE
BACK OF
OMNOVA ACQUISITION; ONE-OFF EFFECTS DEPRESS EARNINGS
    * GROUP SALES INCREASE BY 7 % TO EUR 637.3 MILLION
    * EBIT AT EUR 4.1 MILLION, ADJUSTED EBIT AT EUR 27.6 MILLION
    * EBIT IN RANGE FROM EUR 5 TO 15 MILLION IS NOW ANTICIPATED
FOR
BUSINESS YEAR 2023
    * ADJUSTED EBIT (ADJUSTED BY ONE-OFF EXPENSES) IS PROJECTED
IN
RANGE FROM EUR 35 TO 45 MILLION
    * GROUP SALES WILL ALSO BE SIGNIFICANTLY BELOW ORIGINAL
FORECAST
OF EUR 920 TO 950 MILLION

Source text for Eikon:  ID:nEQ1TqBvRa 
Further company coverage:  SURG.DE 

 (Reporting by Berlin Newsroom)
 ((berlin.newsroom@thomsonreuters.com;))