SURTECO Group SE Reports Strong Growth in Sales and Earnings

SURTECO Group SE has reported a significant increase in its financial performance for the first half of 2024, maintaining its growth trajectory. Despite challenging market conditions, the company's sales rose by 4% to €447.6 million, up from €428.8 million in the same period last year. This growth was driven by the full consolidation of the Omnova divisions.

The adjusted EBITDA increased by 26% to €57.0 million, supported by an improved cost of materials ratio and benefits from the Performance Plus programme. The reported EBITDA surged by 60% to €56.4 million. Net profit for the period reached €13.8 million, a notable improvement from the previous year's loss of -€4.0 million. Earnings per share also rose to €0.89.

Looking ahead, SURTECO confirms its forecast for 2024, projecting sales between €860 million and €910 million, and adjusted EBITDA between €85 million and €105 million. The company credits its cost discipline and strategic measures for staying on course amidst a difficult market environment.