Duyuru • May 11
Surteco Group SE, Annual General Meeting, Jun 19, 2026 Surteco Group SE, Annual General Meeting, Jun 19, 2026, at 10:00 W. Europe Standard Time. Duyuru • May 01
Surteco Group SE, Annual General Meeting, Jun 11, 2025 Surteco Group SE, Annual General Meeting, Jun 11, 2025, at 10:00 W. Europe Standard Time. Duyuru • Apr 30
Surteco Group SE announces Annual dividend, payable on June 16, 2025 Surteco Group SE announced Annual dividend of EUR 0.3000 per share payable on June 16, 2025, ex-date on June 12, 2025 and record date on June 13, 2025. Reported Earnings • Nov 01
Third quarter 2024 earnings released: €0.39 loss per share (vs €0.60 loss in 3Q 2023) Third quarter 2024 results: €0.39 loss per share (improved from €0.60 loss in 3Q 2023). Revenue: €215.5m (up 3.0% from 3Q 2023). Net loss: €6.04m (loss narrowed 35% from 3Q 2023). Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 5.2% 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 66 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 02
Second quarter 2024 earnings released: EPS: €0.45 (vs €0.49 loss in 2Q 2023) Second quarter 2024 results: EPS: €0.45 (up from €0.49 loss in 2Q 2023). Revenue: €226.2m (up 1.1% from 2Q 2023). Net income: €6.93m (up €14.6m from 2Q 2023). Profit margin: 3.1% (up from net loss in 2Q 2023). Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Consumer Durables industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 65 percentage points per year, which is a significant difference in performance. Reported Earnings • May 01
First quarter 2024 earnings released: EPS: €0.45 (vs €0.23 in 1Q 2023) First quarter 2024 results: EPS: €0.45 (up from €0.23 in 1Q 2023). Revenue: €222.8m (up 8.0% from 1Q 2023). Net income: €6.90m (up 90% from 1Q 2023). Profit margin: 3.1% (up from 1.8% in 1Q 2023). Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 5.3% 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 64 percentage points per year, which is a significant difference in performance. New Risk • Apr 25
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 0.6x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (0.6x net interest cover). Minor Risk Paying a dividend despite being loss-making. Reported Earnings • Oct 28
Third quarter 2023 earnings released: €0.60 loss per share (vs €0.32 profit in 3Q 2022) Third quarter 2023 results: €0.60 loss per share (down from €0.32 profit in 3Q 2022). Revenue: €209.2m (up 17% from 3Q 2022). Net loss: €9.26m (down 287% from profit in 3Q 2022). Revenue is forecast to grow 5.6% 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, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Price Target Changed • Oct 22
Price target decreased by 12% to €26.75 Down from €30.25, the current price target is an average from 2 analysts. New target price is 70% above last closing price of €15.70. Stock is down 23% over the past year. The company is forecast to post earnings per share of €0.70 for next year compared to €1.63 last year. Duyuru • Oct 17
Surteco Group SE Revises Earnings Guidance for the Year 2023 Surteco Group SE revised earnings guidance for the year 2023. For the year 2023, the company expected EBIT is now in the range of EUR 5 million to EUR 15 million. The increase in revenue is solely a result of the additional business from the acquired Omnova divisions starting from March 1, 2023. However, due to the ongoing weak demand, the overall group revenue for the fiscal year 2023 is expected to be significantly below the original forecast of €920 million to €950 million. Price Target Changed • Aug 02
Price target decreased by 9.9% to €28.25 Down from €31.35, the current price target is an average from 2 analysts. New target price is 61% above last closing price of €17.50. Stock is down 27% over the past year. The company is forecast to post earnings per share of €0.77 for next year compared to €1.63 last year. Reported Earnings • Jul 31
Second quarter 2023 earnings released: EPS: €0 (vs €0.57 in 2Q 2022) Second quarter 2023 results: EPS: €0 (down from €0.57 in 2Q 2022). Revenue: €223.8m (up 10.0% from 2Q 2022). Net loss: €7.65m (down 186% from profit in 2Q 2022). Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has fallen by 5% per year and the company’s share price has also fallen by 5% per year. Upcoming Dividend • Jun 01
Upcoming dividend of €0.70 per share at 3.5% yield Eligible shareholders must have bought the stock before 08 June 2023. Payment date: 12 June 2023. Payout ratio is a comfortable 71% but the company is paying out more than the cash it is generating. Trailing yield: 3.5%. Lower than top quartile of German dividend payers (4.8%). Higher than average of industry peers (2.9%). Reported Earnings • Apr 20
Full year 2022 earnings: EPS misses analyst expectations Full year 2022 results: EPS: €1.63 (down from €3.08 in FY 2021). Revenue: €752.3m (down 1.1% from FY 2021). Net income: €25.2m (down 47% from FY 2021). Profit margin: 3.4% (down from 6.3% in FY 2021). The decrease in margin was primarily driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 5.8%. Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Price Target Changed • Nov 16
Price target decreased to €30.00 Down from €39.25, the current price target is provided by 1 analyst. New target price is 42% above last closing price of €21.10. Stock is down 47% over the past year. The company is forecast to post earnings per share of €1.77 for next year compared to €3.08 last year. Price Target Changed • Oct 28
Price target decreased to €35.75 Down from €40.75, the current price target is an average from 2 analysts. New target price is 76% above last closing price of €20.30. Stock is down 45% over the past year. The company is forecast to post earnings per share of €2.35 for next year compared to €3.08 last year. Reported Earnings • Oct 28
Third quarter 2022 earnings released: EPS: €0.32 (vs €0.89 in 3Q 2021) Third quarter 2022 results: EPS: €0.32 (down from €0.89 in 3Q 2021). Revenue: €179.1m (down 5.3% from 3Q 2021). Net income: €4.95m (down 64% from 3Q 2021). Profit margin: 2.8% (down from 7.3% in 3Q 2021). Revenue is forecast to stay flat during the next 3 years compared to a 4.4% growth forecast for the Consumer Durables industry in Germany. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 01
Investor sentiment deteriorated over the past week After last week's 17% share price decline to €19.20, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 7x in the Consumer Durables industry in Germany. Negligible returns to shareholders over past three years. Reported Earnings • Jul 30
Second quarter 2022 earnings released: EPS: €0.57 (vs €0.74 in 2Q 2021) Second quarter 2022 results: EPS: €0.57 (down from €0.74 in 2Q 2021). Revenue: €203.5m (up 6.9% from 2Q 2021). Net income: €8.89m (down 22% from 2Q 2021). Profit margin: 4.4% (down from 6.0% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is expected to shrink by 6.1% 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 53% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Upcoming Dividend • Jun 01
Upcoming dividend of €1.00 per share Eligible shareholders must have bought the stock before 08 June 2022. Payment date: 10 June 2022. Payout ratio is a comfortable 33% and the cash payout ratio is 81%. Trailing yield: 3.8%. Lower than top quartile of German dividend payers (4.2%). Higher than average of industry peers (3.0%). Reported Earnings • May 01
First quarter 2022 earnings: EPS and revenues exceed analyst expectations First quarter 2022 results: EPS: €0.88 (down from €0.92 in 1Q 2021). Revenue: €214.2m (up 13% from 1Q 2021). Net income: €13.6m (down 4.8% from 1Q 2021). Profit margin: 6.3% (down from 7.5% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) also surpassed analyst estimates by 5.4%. Over the next year, revenue is expected to shrink by 4.8% compared to a 8.1% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Price Target Changed • Apr 27
Price target decreased to €40.75 Down from €44.25, the current price target is an average from 2 analysts. New target price is 37% above last closing price of €29.80. Stock is up 15% over the past year. The company is forecast to post earnings per share of €2.63 for next year compared to €3.08 last year. Reported Earnings • Apr 15
Full year 2021 earnings: EPS and revenues exceed analyst expectations Full year 2021 results: EPS: €3.08 (up from €2.17 in FY 2020). Revenue: €760.8m (up 21% from FY 2020). Net income: €47.8m (up 42% from FY 2020). Profit margin: 6.3% (up from 5.3% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) also surpassed analyst estimates by 5.4%. Over the next year, revenue is forecast to stay flat compared to a 10% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Nov 27
Investor sentiment deteriorated over the past week After last week's 16% share price decline to €33.10, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 13x in the Consumer Durables industry in Germany. Total returns to shareholders of 58% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €54.46 per share. Reported Earnings • Oct 30
Third quarter 2021 earnings released: EPS €0.89 (vs €0.58 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €189.2m (up 16% from 3Q 2020). Net income: €13.7m (up 54% from 3Q 2020). Profit margin: 7.3% (up from 5.5% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Price Target Changed • Oct 29
Price target increased to €41.30 Up from €36.80, the current price target is an average from 2 analysts. New target price is 12% above last closing price of €36.90. The company is forecast to post earnings per share of €2.57 for next year compared to €2.17 last year. Valuation Update With 7 Day Price Move • Oct 06
Investor sentiment deteriorated over the past week After last week's 15% share price decline to €30.90, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 13x in the Consumer Durables industry in Germany. Total returns to shareholders of 50% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €40.94 per share. Valuation Update With 7 Day Price Move • Sep 03
Investor sentiment improved over the past week After last week's 17% share price gain to €37.10, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 14x in the Consumer Durables industry in Germany. Total returns to shareholders of 81% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €39.56 per share. Price Target Changed • Aug 03
Price target increased to €38.30 Up from €34.70, the current price target is an average from 2 analysts. New target price is 26% above last closing price of €30.50. Reported Earnings • Aug 01
Second quarter 2021 earnings released: EPS €0.74 (vs €0.052 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €190.3m (up 50% from 2Q 2020). Net income: €11.4m (up €10.6m from 2Q 2020). Profit margin: 6.0% (up from 0.6% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jun 17
Upcoming dividend of €0.80 per share Eligible shareholders must have bought the stock before 24 June 2021. Payment date: 28 June 2021. Trailing yield: 2.9%. Lower than top quartile of German dividend payers (3.2%). Higher than average of industry peers (2.3%). Price Target Changed • May 06
Price target increased to €32.13 Up from €28.57, the current price target is an average from 3 analysts. New target price is 17% above last closing price of €27.40. Reported Earnings • May 04
First quarter 2021 earnings released: EPS €0.92 (vs €0.57 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: €189.4m (up 9.6% from 1Q 2020). Net income: €14.3m (up 60% from 1Q 2020). Profit margin: 7.5% (up from 5.1% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Feb 18
New 90-day high: €26.40 The company is up 18% from its price of €22.40 on 19 November 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Consumer Durables industry, which is up 25% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €30.17 per share. Is New 90 Day High Low • Jan 21
New 90-day high: €24.80 The company is up 16% from its price of €21.40 on 23 October 2020. The German market is up 12% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Consumer Durables industry, which is up 20% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €30.30 per share. Is New 90 Day High Low • Dec 28
New 90-day high: €23.90 The company is up 13% from its price of €21.10 on 29 September 2020. The German market is up 7.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Consumer Durables industry, which is up 19% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €26.91 per share. Is New 90 Day High Low • Dec 04
New 90-day high: €23.20 The company is up 12% from its price of €20.80 on 04 September 2020. The German market is up 4.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Consumer Durables industry, which is up 15% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €23.32 per share. Price Target Changed • Nov 20
Price target raised to €28.30 Up from €25.83, the current price target is an average from 3 analysts. The new target price is 26% above the current share price of €22.50. As of last close, the stock is up 11% over the past year. Is New 90 Day High Low • Nov 19
New 90-day high: €22.40 The company is up 2.0% from its price of €22.00 on 21 August 2020. The German market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €22.77 per share. Reported Earnings • Nov 14
Third quarter 2020 earnings released: EPS €0.58 The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: €163.2m (down 2.8% from 3Q 2019). Net income: €8.93m (up 31% from 3Q 2019). Profit margin: 5.5% (up from 4.1% in 3Q 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.