At the Annual General Meeting, Wolfgang Moyses, CEO of Surteco Group SE , explained the developments in 2024 and the current business situation to shareholders. Despite persistently difficult framework conditions, which continue to weaken demand, the SURTECO Group achieved sales of € 856.6 million in the 2024 financial year, compared with € 835.1 million in the previous year. Adjusted earnings before financial result, income tax, depreciation, and amortisation (EBITDA adjusted) rose by 10 % to € 95.3 million (previous year: € 86.4 million).
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Surteco got off to a solid start in the new fiscal year with sales of € 222.3 million (previous year: € 222.3 million) and EBITDA adjusted of € 26.7 million (previous year: € 27.6 million). Provisions for personnel expenses in connection with the closure of the impregnation business and footprint optimisations, as well as negative currency effects, led to a net loss of € 5.1 million in the first quarter of 2025, compared to a net profit of € 6.9 million in the same period of the previous year. For the full year 2025, sales of between € 850 million and € 900 million and EBITDA adjusted of between € 85 million and € 105 million are expected.
The Annual General Meeting approved a dividend of € 0.30 per share (previous year: € 0.00), corresponding to a payout ratio of 55 %. Tim Fiedler and Jochen Müller were re-elected to the Supervisory Board with a large majority. All other items on the agenda of the Annual General Meeting were also approved.
Further information on Surteco Group SE and the company's Annual General Meeting, including the voting results, can be found on the Internet at www.ir.surteco.com/hv.
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Surteco Group SE
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