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Annual reports

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Michael Rockenbach

Finance/Controlling

Our aim is to regain the confidence of the capital markets through the consistent implementation of our strategy and a sustainable increase in earnings.

 

 

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

 

© 2025 A.S. Création Tapeten AG