DGAP-News: A.S. Création Tapeten AG: New Supervisory Board Chairman at A.S. Création Tapeten AG. Significantly improved result in Q1 2019
DGAP-News: A.S. Création Tapeten AG / Key word(s): AGM/EGM/Quarterly / Interim Statement
A.S. Création Tapeten AG, Gummersbach
New Supervisory Board Chairman at A.S. Création Tapeten AG. Significantly improved result in Q1 2019
On the occasion of the Annual General Meeting of Shareholders, the Managing Board presented the interim report for the period ended March 31, 2019. At EUR 38.2 million, the Group's revenues in the first three months of 2019 were down by 5.4 % on the previous year's EUR 40.4 million. The significantly lower revenues in Germany contrasted with slightly higher revenues in the rest of the EU. It was good to see that revenues in Eastern Europe increased in the first quarter of 2019 thanks to the revenue contributions made by the new Belarusian subsidiary. Great expectations are placed on "Metropolitan Stories", the new advertising campaign designed for international use by all distribution companies of the A.S. Création Group. Accordingly, the Managing Board expects this collection to make good contributions to revenues in the full year 2019. Just like "Bude 2.0", the previous advertising campaign, "Metropolitan Stories" uses TV commercials, billboards, advertisements, roadshows and social media channels to advertise this A.S. Création collection.
In spite of the lower revenues in the first quarter of 2019, the gross profit of EUR 20.1 million was on a par with the previous year. This is attributable to the significant improvement in the gross profit margin, which climbed from 50.7% in the first quarter of 2018 to 53.4% in the reporting period. At EUR 9.4 million, personnel expenses in the first quarter of 2019 were down by EUR 0.4 million or 4.3% on the previous year's EUR 9.8 million. Moreover, A.S. Création benefited more from positive exchange rates effects in the first quarter of 2019 than in the same period of the previous year. Between them, these effects led to a strong increase in earnings before interest and taxes, which rose by EUR 1.2 million from EUR 1.0 million in the first quarter of 2018 to EUR 2.2 million in the reporting period.
A.S. Création's Managing Board maintains the Group projections for the full year 2019, according to which revenues will amount to between EUR 135 million and EUR 140 million and earnings before interest and taxes will total between EUR 1 million and EUR 2 million excluding one-time effects.
The Group's key figures for the first three months of 2019 are summarised below:
Gummersbach, May 9, 2019
A.S. Création Tapeten AG
The Managing Board
The full interim report is available at:
09.05.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
|Company:||A.S. Création Tapeten AG|
|Phone:||+49 22 61 54 2-0|
|Fax:||+49 22 61 54 2-3 04|
|Listed:||Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange|
|EQS News ID:||809377|
|End of News||DGAP News Service|
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