SUR Surteco Group SE

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

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 under the menu item Investor Relations -

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: 08
 
 


 
 
 

 

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:

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 -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:
Internet:
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

fncls.ssp?fn=show_t_gif&application_id=2033565&application_name=news&site_id=research_pool~~~9efe1c65-8ece-4ff7-9608-f21c8e0a38a3
EN
19/11/2024

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Surteco Group SE

Peter Thilo Hasler
  • Peter Thilo Hasler

Im EBITDA leicht über der Guidance

In einem von konjunkturellen Belastungen geprägten Umfeld lagen die heute veröffentlichten Eckdaten zum abgelaufenen Geschäftsjahr 2024 im Rahmen unserer Erwartungen. Dies ist vor allem auf Kosteneinsparungen aus dem Performance-Plus-Programm zurückzuführen, von denen Surteco auch in diesem Jahr profitieren dürfte, so dass wir unser aus einem dreiphasigen DCF-Entity-Modell (Base-Case-Szenario) abgeleitetes Kursziel von EUR 26,10 je Aktie bestätigt sehen. Gegenüber dem letzten Schlusskurs von EUR...

 PRESS RELEASE

EQS-News: Correction of a release from 17/03/2025, 07:30 CET/CEST - SU...

EQS-News: SURTECO GROUP SE / Key word(s): Preliminary Results Correction of a release from 17/03/2025, 07:30 CET/CEST - SURTECO GROUP SE: Preliminary result 17.03.2025 / 08:14 CET/CEST The issuer is solely responsible for the content of this announcement. SURTECO GROUP SE: Preliminary result for the business year 2024; Sales revenue rises by 3 % to € 856.6 million; EBITDA adusted rises by 10% to € 95.3 million; EBITDA reported risen from € 66,6 million to € 94,4 million (+42%) Buttenwiesen, 17 March 2025 – SURTECO GROUP SE has generated Group sales amounting to € 856.6 ...

 PRESS RELEASE

EQS-News: SURTECO GROUP SE: Vorläufiges Ergebnis

EQS-News: SURTECO GROUP SE / Schlagwort(e): Vorläufiges Ergebnis SURTECO GROUP SE: Vorläufiges Ergebnis 17.03.2025 / 07:30 CET/CEST Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich. SURTECO GROUP SE: Vorläufiges Ergebnis für das Geschäftsjahr 2024 - Konzernumsatz steigt um 3 % auf 856,6 Mio. €; EBITDA adjusted steigt um 10% auf 95,3 Mio. €; EBITDA reported steigt von 66,6 Mio. € auf 94,4 Mio. € (+42 %)  Buttenwiesen, 17. März 2025 – Die SURTECO GROUP SE hat nach Vorlage vorläufiger, noch untestierter Zahlen einen Konzernumsatz von 856,6 Mio. €...

 PRESS RELEASE

EQS-News: SURTECO GROUP SE: Preliminary result

EQS-News: SURTECO GROUP SE / Key word(s): Preliminary Results SURTECO GROUP SE: Preliminary result 17.03.2025 / 07:30 CET/CEST The issuer is solely responsible for the content of this announcement. SURTECO GROUP SE: Preliminary result for the business year 2024; Consolidated net profit rises by 3 % to € 856.6 million; EBITDA adusted rises by 10% to € 95.3 million; EBITDA reported risen from € 66,6 million to € 94,4 million (+42%) Buttenwiesen, 17 March 2025 – SURTECO GROUP SE has generated Group sales amounting to € 856.6 million according to unaudited preliminary figur...

 PRESS RELEASE

EQS-News: SURTECO GROUP SE veröffentlicht Stellungnahme zum Pflichtang...

EQS-News: SURTECO GROUP SE / Schlagwort(e): Stellungnahme SURTECO GROUP SE veröffentlicht Stellungnahme zum Pflichtangebot der BANASINO INVESTMENTS S.à r.l. 19.11.2024 / 15:09 CET/CEST Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich. SURTECO GROUP SE veröffentlicht Stellungnahme zum Pflichtangebot der BANASINO INVESTMENTS S.à r.l. Buttenwiesen, 19. November 2024 – Vorstand und Aufsichtsrat haben gemäß § 27 des Wertpapiererwerbs- und Übernahmegesetzes eine gemeinsame Stellungnahme zum Pflichtangebot der BANASINO INVESTMENTS S.à r.l. veröffentli...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch