A.S. Création Tapeten AG
A.S. Création Tapeten AG: Annual General Meeting of Shareholders decides dividend of EUR 1.25 for 2016. Modest start to the new year.
DGAP-News: A.S. Création Tapeten AG / Key word(s): AGM/EGM/Quarter Results A.S. Création Tapeten AG, Gummersbach The interim report for the period ended March 31, 2017 was also presented at the AGM. At EUR 41.7 million, Group revenues were down by 6.6% on the previous year’s EUR 44.7 million. Compared to the fiscal year 2016, when A.S. Création recorded an 8.4% drop in revenues, the decline in Q1 2017 was more moderate. The Managing Board is of the opinion that A.S. Création has developed a good product range over the past months which has been very well accepted by the customers. In Q1 2017, the gross profit margin was adversely affected by rising commodity and energy prices as well as by fierce price competition on the sales side. In conjunction with the low sales revenues, this sent earnings before interest and taxes falling by as much as In spite of several imponderables, the Managing Board of A.S. Création maintains the Group’s projections for the full year 2017, which provide for sales revenues of between The Group’s key figures for the first three months of 2017 are summarised below:
Gummersbach, May 4, 2017 A.S. Création Tapeten AG The Managing Board Inquiries: The full 3-month report is available at:
04.05.2017 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
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: | investor@as-creation.de |
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 |