03.11.2016 A.S. Création Tapeten AG  DE000A1TNNN5

DGAP-News: A.S. Création Tapeten AG: Earnings after taxes improve notably


 
DGAP-News: A.S. Création Tapeten AG / Key word(s): 9-month figures A.S. Création Tapeten AG: Earnings after taxes improve notably 03.11.2016 / 08:01 The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- A.S. Création Tapeten AG, Gummersbach (ISIN DE000A1TNNN5) Earnings after taxes improve notably A.S. Création Tapeten AG, Europe's leading wallpaper manufacturer, today published the interim report for the period ended September 30, 2016. A summary is provided below: Revenues decline because of difficult environment At EUR 116.3 million, A.S. Création's consolidated sales revenues were down by EUR 10.5 million or 8.3% on the previous year's EUR 126.8 million in the first three quarters of 2016. The strongest declines in revenues were recorded in non-EU Eastern European countries, where the framework conditions remain difficult and are having an adverse impact on exports to these countries. But the EU wallpaper markets, especially Germany, France and Great Britain as well as the Baltic States, are not in a good state either. The overall revenue trend in the current fiscal year is not satisfying, although it is in line with the projections for the fiscal year 2016, according to which the Managing Board expects Group sales revenues of between EUR 150 million and EUR 160 million. Earnings after taxes above prior year level The decline in sales revenues by EUR 10.5 million weighed on A.S. Création's bottom line in the first three quarters of 2016. Thanks to the measures taken to secure the company's profitability, the decline in EBIT was limited to EUR 1.9 million. Accordingly, earnings before interest and taxes of EUR 4.9 million (previous year: EUR 6.8 million) are projected for the current financial year. By contrast, earnings after taxes improved notably to EUR 5.5 million, up EUR 2.1 million or 59.7% on the previous year's EUR 3.4 million. This is mainly attributable to the improved earnings position of the Russian production company, A.S. & Palitra, in which A.S. Création holds a share of 50%. This joint venture has benefited from the changed conditions in Russia, which have led to a shift in demand towards Russian-produced wallpapers. As a result of the increased sales revenues, the joint company's capacity utilisation and, hence, its earnings improved. Given that A.S. Création holds a 50% stake in A.S. & Palitra, this improved result is not reflected in earnings before interest and taxes, however, but in the financial result of the A.S. Création Group. While a pro-rated loss of EUR 1.3 million was posted in the first nine months of the previous year, A.S. Création benefited from a pro-rated profit of EUR 2.4 million in the current fiscal year. Thanks to the greatly improved profit contribution made by the Russian joint venture, the Group's earnings after taxes, at EUR 5.5 million, already exceeded the EUR 3.3 million posted for the full year 2015 at the nine-month state of 2016. Earnings forecast for full year 2016 confirmed The Managing Board had projected a notable improvement in earnings provided that no significant burdens exceeding the amount recognised as an expense in the previous years arise from the antitrust proceedings and that the Russian rouble does not depreciate extremely against the euro by the end of 2016. The earnings trend in the first three quarters of 2016 was in line with the expectations for the full year, which is why the Managing Board has confirmed its earnings forecast. In keeping with the company's dividend policy to date, such an improvement in earnings would lead to a higher dividend for the fiscal year 2016. In view of A.S. Création's excellent financial position as at September 30, 2016, the Managing Board does not see any financial reasons that would speak against a higher dividend. Financial liabilities have been repaid in full, and A.S. Création had a net credit position of EUR 7.6 million as of September 30, 2016. The equity ratio of 64.4% on September 30, 2016 additionally underlines the excellent financial position of A.S. Création. The Group's key figures for the first nine months of 2016 are summarised below:
                                01.01.-30.09.  01.01.-30.09.         Change
                                         2016           2015
Sales                 EUR '000        116,290        126,839         -8.3 %
EBIT                  EUR '000          4,908          6,751        -27.3 %
Earnings before       EUR '000          7,600          5,566         36.5 %
income taxes
Earnings after        EUR '000          5,503          3,445         59.7 %
taxes
Earnings per share   EUR/share           2.00           1.25         60.0 %
Cash-flow             EUR '000         11,378         10,181         11.8 %
Capital               EUR '000          3,809          3,489          9.2 %
expenditures
Depreciation          EUR '000          5,827          6,362         -8.4 %
Number of employees                       767            805         -4.7 %
(average)


Gummersbach, November 3, 2016 A.S. Création Tapeten AG The Managing Board Inquiries Maik Krämer, Director of Finance and Controlling, phone +49-(0)22 61/542-387, fax +49-(0)22 61/542-304, e-mail [email protected] The full 9-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-(0)22 61/542-350, e-mail [email protected] --------------------------------------------------------------------------- 03.11.2016 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 --------------------------------------------------------------------------- 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 --------------------------------------------------------------------------- 516789 03.11.2016


Die wichtigsten Finanzdaten auf einen Blick
  2015 2016 2017 2018 2019 2020 2021e
Umsatzerlöse1 166,52 152,61 143,33 134,49 141,06 144,87 143,00
EBITDA1,2 16,53 13,53 -9,27 3,18 10,22 9,93 15,95
EBITDA-Marge3 9,93 8,87 -6,47 2,36 7,25 6,85 11,15
EBIT1,4 7,88 5,92 -15,81 -2,89 4,50 4,43 3,60
EBIT-Marge5 4,73 3,88 -11,03 -2,15 3,19 3,06 2,52
Jahresüberschuss1 3,29 7,44 -17,77 -5,98 14,13 1,45 2,10
Netto-Marge6 1,98 4,88 -12,40 -4,45 10,02 1,00 1,47
Cashflow1,7 13,46 17,10 3,23 3,32 -2,14 7,01 8,40
Ergebnis je Aktie8 1,19 2,70 -6,45 -2,17 5,13 0,53 0,70
Dividende8 0,60 1,25 0,00 0,00 0,90 0,90 0,50
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2020 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: Ernst & Young

INVESTOR-INFORMATIONEN
©boersengefluester.de
A.S. Création
WKN Kurs in € Einschätzung Börsenwert in Mio. €
A1TNNN 18,700 Kaufen 56,10
KGV 2022e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
10,11 18,22 0,56 61,51
KBV KCV KUV EV/EBITDA
0,72 8,00 0,39 4,52
Dividende '20 in € Dividende '21e in € Div.-Rendite '21e
in %
Hauptversammlung
0,90 0,50 2,67 17.05.2022
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
17.05.2022 11.08.2022 04.11.2021 24.03.2022
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-11,46% -23,10% 20,65% 19,11%
    
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