03.05.2018
A.S. Création Tapeten AG DE000A1TNNN5
DGAP-News: A.S. Création Tapeten AG: Annual General Meeting of Shareholders decides to pay out no dividend for 2017. Positive outlook on full year 2018
DGAP-News: A.S. Création Tapeten AG / Key word(s): AGM/EGM/Quarter Results
A.S. Création Tapeten AG: Annual General Meeting of Shareholders decides to
pay out no dividend for 2017. Positive outlook on full year 2018
03.05.2018 / 14:41
The issuer is solely responsible for the content of this announcement.
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A.S. Création Tapeten AG, Gummersbach
(ISIN DE000A1TNNN5)
Annual General Meeting of Shareholders decides to pay out no dividend for
2017. Positive outlook on full year 2018
At today's Annual General Meeting of Shareholders in Gummersbach, A.S.
Création Tapeten AG, Europe's leading wallpaper manufacturer, presented the
consolidated financial statements for 2017. The Annual General Meeting of
Shareholders thanked all employees of A.S. Création for their commitment in
the past fiscal year. The Managing Board and the Supervisory Board were
released from liability by a large majority of the shareholders. In view of
the loss posted for 2017, it was decided to pay out no dividend for the past
fiscal year. The Managing Board and the Supervisory Board are convinced that
this best serves the long-term interests of the company.
The interim report for the period ended March 31, 2018 was also presented at
the AGM. At EUR 40.4 million, consolidated sales revenues in the first three
months of 2018 were down by 3.1% on the previous year's EUR 41.7 million.
This means that revenues declined less strongly in the first quarter of 2018
than in FY 2017, when A.S. Création recorded a 6.1% drop in revenues. It was
good to see that the company was able to increase its domestic sales
revenues significantly in the first quarter. This growth reflects, among
other things, the success of the advertising campaign launched in Germany
under the title "Bude 2.0" ("Home 2.0"). TV commercials, billboards, ads,
roadshows and social media channels are used to advertise wallpapers in
general and A.S. Création's "Bude 2.0" collection in particular.
In the first quarter of 2018, the gross profit margin was affected by rising
commodity and energy prices. In conjunction with the low sales revenues and
some extraordinary effects, this sent earnings before interest and taxes
falling by as much as EUR 1.0 million or 50.0% from EUR 2.0 million in Q1
2017 to EUR 1.0 million in the reporting period. Adjusted for extraordinary
effects, the operating result stood at EUR 1.7 million in the first quarter
of 2018, compared to EUR 1.9 million in the first three months of the
previous year.
In spite of several imponderables, the Managing Board of A.S. Création
maintains the Group's projections for the full year 2018, which provide for
sales revenues of between EUR 150 million and
EUR 155 million and an operating result of between EUR 4 million and EUR 5
million excluding extraordinary effects.
The Group's key figures for the first three months of 2018 are summarised
below:
01.01.-31.- 01.01.-31.- Change
03. 03.
2018 2017
Sales revenues EUR 40,424 41,720 - 3.1
'000 %
Earnings before interest and EUR 1,033 2,068 - 50.0
taxes (EBIT) '000 %
Earnings before taxes EUR 571 2,651 - 78.5
'000 %
Earnings after taxes EUR 26 1,914 - 98.6
'000 %
Earnings per share EUR/sha- 0.01 0.69 - 98.6
re %
Cash-flow from operating EUR -972 -3,178 69.4 %
activities '000
Capital expenditures EUR 1,826 792 130.6
'000 %
Depreciation EUR 1,523 1,857 - 18.0
'000 %
Number of employees (average) 742 757 - 2.0
%
Gummersbach, May 3, 2018
A.S. Création Tapeten AG
The Managing Board
Inquiries:
Maik Krämer,
Chairman of the Managing Board, Director of Finance and Controlling,
phone +49-22 61-542-387, fax +49-22 61-542-304,
e-mail: [email protected]
The full 3-month report is available at:
www.as-creation.de or from
A.S. Création Tapeten AG,
Frau Börngen,
Südstr. 47,
D - 51645 Gummersbach,
phone: +49-22 61-542-350,
e-mail: [email protected]
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03.05.2018 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: A.S. Création Tapeten AG
Südstraße 47
51645 Gummersbach
Germany
Phone: +49 22 61 54 2-0
Fax: +49 22 61 54 2-3 04
E-mail: [email protected]
Internet: http://www.as-creation.de
ISIN: DE000A1TNNN5
WKN: A1TNNN
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
Stuttgart, Tradegate Exchange
End of News DGAP News Service
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682227 03.05.2018
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