Our aim is to regain the confidence of the capital markets through the consistent implementation of our strategy and a sustainable increase in earnings.
Michael Rockenbach
Finance/Controlling
Annual reports
A.S. Création published its Annual Report 2024 on 27 March 2025:
A.S. Création Tapeten AG's consolidated sales revenues declined by 8.2% from € 121.2 million in the previous year to € 111.3 million in the fiscal year 2024. In particular, the persistently weak economic situation in the European Union and the UK, which account for around 80% of Group sales, had a negative impact on demand for wallpapers and furnishing fabrics.
A key objective was to sustainably improve the gross profit margin to a healthy level of over 50%. This goal was achieved with an increase of 1.9 percentage points from 48.8% in the previous year to 50.7% in the reporting period. Nevertheless, A.S. Création recorded an operating loss of € -7.3 million in the reporting period. Adjusted for special effects such as costs for severance payments and redundancies as well as an impairment of goodwill, A.S. Création generated an adjusted operating result of € -2.6 million in the reporting year 2024.
The actual figures for the year 2024 confirmed the adjusted forecast as at 30 September 2024 and were at the upper end of the projected range. Nevertheless, the overall result remains disappointing. The first positive effects of the strategic measures are recognisable, but the return to profitability was delayed by the persistently weak consumer sentiment.
Due to the loss, the Executive Board and Supervisory Board do not intend to pay a dividend for the 2024 financial year.
The annual reports are only available in German.
Key figures
2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | ||||
Sales Earnings before interest and taxes (EBIT) EBIT margin Earnings before taxes Return on sales before taxes | €'000 €'000 % €'000 % | 166,515 7,880 4.7 5,622 3.4 | 152,608 5,917 3.9 10,202 6.7 | 143,329 -15,808 -11.0 -17,776 -12.4 | 134,485 -2,885 -2.1 -5,710 -4.2 | 141,057 4,503 3.2 15,287 10.8 | 144,869 4,430 3.1 3,695 2.6 | 145,639 5,710 3.9 5,160 3.5 | 133,993 -8,554 -6.4 -9,092 -6.8 | 121,224 -2,086 -1.7 -2,608 -2.2 | 111,340 -7,285 -6.5 -7,672 -6.9 | ||
Earnings per share Dividend per share | €/share €/share | 1.19 0.60 | 2.70 1.25 | -6.45 0.00 | -2.17 0.00 | 5.13 0.90 | 0.53 0.90 | 1.40 0.90 | -1.95 0.00 | -0.51 0.00 | -2.18 0.00 | ||
Capital expenditures Depreciation Cash flow from operating activities | €'000 €'000 €'000 | 5,342 8,645 17,444 | 5,014 7,612 17,095 | 10,218 6,538 3,231 | 8,304 6,060 3,321 | 5,933 5,715 -2,139 | 3,724 5,497 7,009 | 4,853 5,703 7,978 | 2,907 6,138 40 | 3,331 4,923 3,783 | 2,068 7,173 622 | ||
Total assets Shareholders' equity Equity ratio | €'000 €'000 % | 140,405 93,188 66.4 | 140,273 96,502 68.8 | 130,714 75,715 57.9 | 128,650 72,233 56.1 | 128,000 79,427 62.1 | 127,492 78,881 61.9 | 126,806 81,024 63.9 | 113,487 76,681 67.6 | 112,347 72,445 64.5 | 104,945 65,871 62.8 | ||
Net financial debt (+)/Net investment position (-) Debt relief period | €'000 years | -291 n.a. | -11,651 n.a. | -417 n.a. | 3,368 1.0 | -6,118 n.a. | -11,446 n.a. | -11,590 n.a. | -5,512 n.a. | -6,332 n.a. | -4,099 n.a. | ||
Return On Capital Employed (ROCE) Return On Equity (ROE) | % % | 7.3 3.7 | 5.8 7.8 | -16.8 -20.6 | -3.3 -8.1 | 5.1 18.6 | 5.2 1.8 | 6.8 4.8 | -10.4 -6.8 | -2.7 -1.9 | -9.8 -8.7 | ||
Number of employees Sales per employee Personnel expenses as % of total output |
€'000 % | 801 208 26.5 | 768 199 26.8 | 761 188 28.1 | 755 178 27.8 | 750 188 26.5 | 752 193 26.9 | 771 189 27.2 | 754 178 28.8 | 684 177 28.7 | 667 167 30.8 |
