SURTECO GROUP SE: Annual General Meeting Adopts Agenda Items with Wide Approval

At the Annual General Meeting held on June 7, 2024, shareholders of SURTECO GROUP SE approved all agenda items with a substantial majority. Tobias Pott and Jörg Wissemann were re-elected to the Supervisory Board. Additionally, the Management Board contract for CFO Andreas Pötz was extended by five years.

The company reported sales of €835 million for 2023, an increase from €748 million in 2022, driven by the acquisition of Omnova divisions. Adjusted EBIT stood at €37.1 million, down slightly from €40.2 million the previous year. Despite high interest rates affecting demand, the acquired divisions contributed positively.

In the first quarter of 2024, SURTECO achieved sales of €222.3 million and an adjusted EBITDA of €27.6 million, benefiting from improved margins and the positive impact of the Performance Plus program. No dividend was proposed for this year to retain liquidity within the company.