Reported Earnings • May 18
First quarter 2026 earnings released: EPS: €0.24 (vs €0.30 in 1Q 2025) First quarter 2026 results: EPS: €0.24 (down from €0.30 in 1Q 2025). Revenue: €29.5m (down 6.9% from 1Q 2025). Net income: €665.0k (down 20% from 1Q 2025). Profit margin: 2.3% (down from 2.6% in 1Q 2025). Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Consumer Durables industry in Europe. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Upcoming Dividend • May 06
Upcoming dividend of €0.15 per share Eligible shareholders must have bought the stock before 13 May 2026. Payment date: 15 May 2026. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 2.0%. Lower than top quartile of German dividend payers (4.5%). Lower than average of industry peers (5.6%). New Risk • Apr 12
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 248% Cash payout ratio: 123% Dividend yield: 2.0% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 248% Cash payout ratio: 123% Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (€20.4m market cap, or US$23.9m). Annonce • Apr 02
A.S. Création Tapeten AG announces Annual dividend, payable on May 15, 2026 A.S. Création Tapeten AG announced Annual dividend of EUR 0.1500 per share payable on May 15, 2026, ex-date on May 13, 2026 and record date on May 14, 2026. Annonce • Apr 01
A.S. Création Tapeten AG, Annual General Meeting, May 12, 2026 A.S. Création Tapeten AG, Annual General Meeting, May 12, 2026, at 10:00 W. Europe Standard Time. Reported Earnings • Mar 30
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: €0.06 (up from €2.18 loss in FY 2024). Revenue: €105.4m (down 5.4% from FY 2024). Net income: €166.9k (up €6.19m from FY 2024). Profit margin: 0.2% (up from net loss in FY 2024). The move to profitability was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) exceeded analyst estimates. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Consumer Durables industry in Europe. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Annonce • Feb 11
A.S. Création Tapeten AG to Report Fiscal Year 2025 Results on Mar 26, 2026 A.S. Création Tapeten AG announced that they will report fiscal year 2025 results at 9:00 AM, Central European Standard Time on Mar 26, 2026 Reported Earnings • Nov 09
Third quarter 2025 earnings released: €0.32 loss per share (vs €1.61 loss in 3Q 2024) Third quarter 2025 results: €0.32 loss per share (improved from €1.61 loss in 3Q 2024). Revenue: €24.8m (down 3.9% from 3Q 2024). Net loss: €870.0k (loss narrowed 80% from 3Q 2024). Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Consumer Durables industry in Europe. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Breakeven Date Change • Nov 07
Forecast breakeven date pushed back to 2026 The analyst covering A.S. Création Tapeten previously expected the company to break even in 2025. New forecast suggests losses will reduce by 93% to 2025. The company is expected to make a profit of €1.90m in 2026. Average annual earnings growth of 115% is required to achieve expected profit on schedule. Reported Earnings • Aug 08
Second quarter 2025 earnings released: €0.09 loss per share (vs €0.17 loss in 2Q 2024) Second quarter 2025 results: €0.09 loss per share (improved from €0.17 loss in 2Q 2024). Revenue: €24.5m (down 11% from 2Q 2024). Net loss: €237.0k (loss narrowed 49% from 2Q 2024). Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Consumer Durables industry in Europe. Over the last 3 years on average, earnings per share has fallen by 21% per year whereas the company’s share price has fallen by 16% per year. Breakeven Date Change • Aug 07 The analyst covering A.S. Création Tapeten previously expected the company to break even in 2025. New forecast suggests the company will make a profit of €1.00m in 2025. Earnings growth of 45% is required to achieve expected profit on schedule.
Reported Earnings • May 15
First quarter 2025 earnings released: EPS: €0.30 (vs €0.02 loss in 1Q 2024) First quarter 2025 results: EPS: €0.30 (up from €0.02 loss in 1Q 2024). Revenue: €31.7m (down 4.3% from 1Q 2024). Net income: €828.0k (up €886.0k from 1Q 2024). Profit margin: 2.6% (up from net loss in 1Q 2024). The move to profitability was driven by lower expenses. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Consumer Durables industry in Europe. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings. Breakeven Date Change • Apr 07
Forecast to breakeven in 2025 The analyst covering A.S. Création Tapeten expects the company to break even for the first time. New forecast suggests the company will make a profit of €1.00m in 2025. Earnings growth of 100% is required to achieve expected profit on schedule. Annonce • Apr 07
A.S. Création Tapeten AG, Annual General Meeting, May 14, 2025 A.S. Création Tapeten AG, Annual General Meeting, May 14, 2025, at 14:30 W. Europe Standard Time. Reported Earnings • Mar 28
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: €2.18 loss per share (further deteriorated from €0.51 loss in FY 2023). Revenue: €11.1b (up €11.0b from FY 2023). Net loss: €602.1m (loss widened €600.7m from FY 2023). Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) also surpassed analyst estimates by 6.8%. Revenue is expected to decline by 80% p.a. on average during the next 3 years, while revenues in the Consumer Durables industry in Europe are expected to grow by 6.3%. Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 27% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 08
Third quarter 2024 earnings released Third quarter 2024 results: Revenue: €25.8m (down 8.6% from 3Q 2023). Net loss: €4.44m (loss widened 376% from 3Q 2023). Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Consumer Durables industry in Germany. Price Target Changed • Aug 13
Price target decreased by 25% to €15.00 Down from €20.00, the current price target is provided by 1 analyst. New target price is 79% above last closing price of €8.40. Stock is down 29% over the past year. The company is forecast to post a net loss per share of €0.42 next year compared to a net loss per share of €0.51 last year. Reported Earnings • Aug 09
Second quarter 2024 earnings released: €0.17 loss per share (vs €0.10 loss in 2Q 2023) Second quarter 2024 results: €0.17 loss per share (further deteriorated from €0.10 loss in 2Q 2023). Revenue: €27.5m (down 5.4% from 2Q 2023). Net loss: €462.0k (loss widened 61% from 2Q 2023). Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 55 percentage points per year, which is a significant difference in performance. Reported Earnings • May 19
First quarter 2024 earnings released: €0.02 loss per share (vs €0.08 profit in 1Q 2023) First quarter 2024 results: €0.02 loss per share (down from €0.08 profit in 1Q 2023). Revenue: €33.1m (down 9.5% from 1Q 2023). Net loss: €58.0k (down 126% from profit in 1Q 2023). Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 71 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 01
Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2023 results: €0.51 loss per share (improved from €1.95 loss in FY 2022). Revenue: €121.2m (down 9.5% from FY 2022). Net loss: €1.42m (loss narrowed 74% from FY 2022). Revenue missed analyst estimates by 2.4%. Earnings per share (EPS) exceeded analyst estimates by 33%. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 73 percentage points per year, which is a significant difference in performance. Annonce • Feb 27
A.S. Création Tapeten AG to Report Fiscal Year 2023 Results on Mar 28, 2024 A.S. Création Tapeten AG announced that they will report fiscal year 2023 results on Mar 28, 2024 Reported Earnings • Nov 12
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: €28.2m (down 10% from 3Q 2022). Net loss: €934.0k (loss narrowed 11% from 3Q 2022). Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance. Buying Opportunity • Nov 10
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 9.4%. The fair value is estimated to be €13.29, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 2.7% over the last 3 years. Earnings per share has declined by 79%. Reported Earnings • Aug 13
Second quarter 2023 earnings released: €0.10 loss per share (vs €0.33 loss in 2Q 2022) Second quarter 2023 results: €0.10 loss per share (improved from €0.33 loss in 2Q 2022). Revenue: €29.1m (down 6.8% from 2Q 2022). Net loss: €287.0k (loss narrowed 69% from 2Q 2022). Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 73 percentage points per year, which is a significant difference in performance. Reported Earnings • May 21
First quarter 2023 earnings released: EPS: €0.08 (vs €0.04 in 1Q 2022) First quarter 2023 results: EPS: €0.08 (up from €0.04 in 1Q 2022). Revenue: €36.6m (down 7.9% from 1Q 2022). Net income: €222.0k (up 98% from 1Q 2022). Profit margin: 0.6% (up from 0.3% in 1Q 2022). Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Buying Opportunity • Apr 13
Now 21% undervalued Over the last 90 days, the stock is up 18%. The fair value is estimated to be €15.24, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Apr 02
Full year 2022 earnings: EPS exceeds analyst expectations Full year 2022 results: €1.95 loss per share (down from €1.40 profit in FY 2021). Revenue: €134.0m (down 8.0% from FY 2021). Net loss: €5.38m (down 239% from profit in FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 13%. Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Annonce • Feb 16
A.S. Création Tapeten AG to Report Fiscal Year 2022 Results on Mar 30, 2023 A.S. Création Tapeten AG announced that they will report fiscal year 2022 results on Mar 30, 2023 Price Target Changed • Nov 16
Price target decreased to €20.00 Down from €34.00, the current price target is provided by 1 analyst. New target price is 90% above last closing price of €10.50. Stock is down 49% over the past year. The company is forecast to post a net loss per share of €2.23 compared to earnings per share of €1.40 last year. Reported Earnings • Aug 14
Second quarter 2022 earnings released: €0.33 loss per share (vs €0.37 profit in 2Q 2021) Second quarter 2022 results: €0.33 loss per share (down from €0.37 profit in 2Q 2021). Revenue: €31.2m (down 13% from 2Q 2021). Net loss: €921.0k (down 190% from profit in 2Q 2021). Over the next year, revenue is forecast to grow 2.7%, compared to a 3.5% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Annonce • Jul 06
A.S. Création Tapeten AG to Report First Half, 2022 Results on Aug 11, 2022 A.S. Création Tapeten AG announced that they will report first half, 2022 results on Aug 11, 2022 Reported Earnings • May 22
First quarter 2022 earnings released: EPS: €0.04 (vs €1.00 in 1Q 2021) First quarter 2022 results: EPS: €0.04 (down from €1.00 in 1Q 2021). Revenue: €39.7m (down 1.5% from 1Q 2021). Net income: €112.0k (down 96% from 1Q 2021). Profit margin: 0.3% (down from 6.8% in 1Q 2021). The decrease in margin was primarily driven by higher expenses. Over the next year, revenue is expected to shrink by 2.1% compared to a 7.5% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • May 11
Upcoming dividend of €0.90 per share Eligible shareholders must have bought the stock before 18 May 2022. Payment date: 20 May 2022. Payout ratio is a comfortable 64% and the cash payout ratio is 82%. Trailing yield: 5.4%. Within top quartile of German dividend payers (4.3%). Higher than average of industry peers (3.0%). Valuation Update With 7 Day Price Move • Feb 28
Investor sentiment deteriorated over the past week After last week's 16% share price decline to €14.70, the stock trades at a trailing P/E ratio of 7.3x. Average trailing P/E is 12x in the Consumer Durables industry in Germany. Total returns to shareholders of 39% over the past three years. Annonce • Feb 17
A.S. Création Tapeten AG to Report Fiscal Year 2021 Results on Mar 24, 2022 A.S. Création Tapeten AG announced that they will report fiscal year 2021 results on Mar 24, 2022 Annonce • Feb 04
A.S. Création Tapeten AG Announces Resignation of Daniel Barth as Chairman of the Managing Board A.S. Création Tapeten AG announced that the Supervisory Board and the current Chairman of the Managing Board, Mr. Daniel Barth, have agreed by best mutual consent that Mr. Barth will leave the Company and resign from the Managing Board as of February 28, 2022. The background to this is, in particular, differing views on the further strategic development of the Company. The Supervisory Board appointed Mr. Maik Krämer, Chief Financial Officer, as the new Chairman of the Managing Board as of March 1, 2022. He will take over Mr. Barth's duties until an eligible successor is found. The search for a successor to Mr. Barth has already been initiated. Reported Earnings • Aug 06
Second quarter 2021 earnings released: EPS €1.37 (vs €0.69 in 2Q 2020) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: €35.8m (up 17% from 2Q 2020). Net income: €1.03m (down 46% from 2Q 2020). Profit margin: 2.9% (down from 6.2% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 126% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Executive Departure • May 12
Vice Chairwoman of Supervisory Board has left the company On the 6th of May, Jella Benner-Heinacher's tenure as Vice Chairwoman of Supervisory Board ended after 6.0 years in the role. We don't have any record of a personal shareholding under Jella's name. A total of 3 executives have left over the last 12 months. Executive Departure • May 12
Employee Representative Member of Supervisory Board has left the company On the 6th of May, Rolf Schmuck's tenure in the role of Employee Representative Member of Supervisory Board ended. We don't have any record of a personal shareholding under Rolf's name. A total of 3 executives have left over the last 12 months. Reported Earnings • May 08
First quarter 2021 earnings released: EPS €1.00 (vs €0.82 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: €40.3m (up 6.7% from 1Q 2020). Net income: €2.76m (up €5.01m from 1Q 2020). Profit margin: 6.8% (up from net loss in 1Q 2020). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 128% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Annonce • May 07
A.S. Création Tapeten AG Reaffirms Earnings Guidance for the Year 2021 A.S. Création Tapeten AG reaffirmed earnings guidance for the year 2021. The Managing Board is satisfied with the performance in the first quarter of 2021 and confirmed the planning for the full year 2021, which projects revenues of between €147 million and €157 million (previous year: €144.9 million). Upcoming Dividend • May 01
Upcoming dividend of €0.90 per share Eligible shareholders must have bought the stock before 07 May 2021. Payment date: 11 May 2021. Trailing yield: 3.3%. Within top quartile of German dividend payers (3.2%). Higher than average of industry peers (2.1%). Reported Earnings • Mar 26
Full year 2020 earnings released: EPS €0.53 (vs €0.88 in FY 2019) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: €144.9m (up 2.6% from FY 2019). Net income: €1.45m (down 40% from FY 2019). Profit margin: 1.0% (down from 1.7% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 117% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Annonce • Mar 20
A.S. Création Tapeten AG Proposes Dividend for the Fiscal Year 2020 The managing board and the supervisory board of A.S. Création Tapeten AG proposed at annual general meeting of shareholders to be held on May 6, 2021 to distribute a dividend of EUR 0.90 per share to the shareholders for the fiscal year 2020. The proposed dividend thus clearly exceeds the EUR 0.25 per share that would have been expected on the basis of the historical dividend policy and the preliminary figures for 2020 published on March 2, 2021. Annonce • Mar 03
A.S. Création Tapeten AG to Report Fiscal Year 2020 Results on Mar 25, 2021 A.S. Création Tapeten AG announced that they will report fiscal year 2020 results on Mar 25, 2021 Is New 90 Day High Low • Feb 12
New 90-day high: €20.40 The company is up 33% from its price of €15.30 on 13 November 2020. The German market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 23% over the same period. Is New 90 Day High Low • Jan 14
New 90-day high: €18.00 The company is up 31% from its price of €13.70 on 16 October 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 18% over the same period. Is New 90 Day High Low • Dec 23
New 90-day high: €16.20 The company is up 26% from its price of €12.90 on 24 September 2020. The German market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 18% over the same period. Is New 90 Day High Low • Nov 27
New 90-day high: €15.50 The company is up 12% from its price of €13.90 on 28 August 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Consumer Durables industry, which is up 13% over the same period. Price Target Changed • Nov 11
Price target raised to €26.00 Up from €23.00, the current price target is provided by 1 analyst. The new target price is 71% above the current share price of €15.20. As of last close, the stock is down 7.3% over the past year. Reported Earnings • Nov 06
Third quarter 2020 earnings released: €0.11 loss per share The company reported a soft third quarter result with weaker earnings and control over expenses, although revenues were improved. Third quarter 2020 results: Revenue: €37.1m (up 13% from 3Q 2019). Net loss: €307.0k (down 365% from profit in 3Q 2019). Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Oct 29
New 90-day low: €12.50 The company is down 8.0% from its price of €13.60 on 30 July 2020. The German market is down 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 10.0% over the same period.