on SURTECO SE (isin : DE0005176903)
SURTECO GROUP SE Reports Preliminary 2024 Results
SURTECO GROUP SE announced its preliminary financial results for 2024, highlighting a 3% increase in its consolidated net profit, reaching €856.6 million. The adjusted EBITDA rose by 10% to €95.3 million, while the reported EBITDA surged by 42% to €94.4 million from the previous year's €66.6 million.
The integration of Omnova's divisions contributed significantly to the results, despite weak sectoral demand. Actual sales nearly hit the target range of €860-910 million. Earnings before interest and tax rose sharply by 326% to €34.5 million.
Chairman Wolfgang Moyses expressed a positive outlook, citing successful internal strategies despite challenging conditions. The full annual report is slated for release on April 29, 2025.
R. P.
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