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
On March 26, 2026, A.S. Création published its Annual Report 2025:
A.S. Création Tapeten AG recorded a 5.6% decline in consolidated sales in the 2025 financial year, from €111.3 million in the previous year to €105.1 million. In particular, the continuing weak economic situation in the European Union and the United Kingdom, which account for around 80% of consolidated sales, had a negative impact on demand for wallpaper and decorative fabrics.
Despite the continuing weakness in sales, the efficiency and cost-cutting measures introduced in 2024 had an increasing effect in the course of 2025. In particular, the gross profit margin improved by 3.2 percentage points to 53.9%, while at the same time the cost base was adjusted on a sustainable basis.
As a result of these measures, the company succeeded in significantly improving its earnings situation compared with the previous year and returning to profitability. Adjusted operating profit amounted to €1.1 million, compared with €-2.6 million in the previous year. Adjusted earnings after taxes also increased significantly to €0.5 million, compared with a loss of €2.0 million in the previous year.
This meant that the forecast confirmed during the course of the year was met overall. Against the backdrop of a market environment that remains challenging, the Executive Board views this development as a sign of strengthened operational stability.
The proposed dividend of €0.15 per share is intended to enable shareholders to participate in the company's success despite the continued moderate level of earnings.
The annual reports are only available in German.
Key figures
2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | ||||
Sales Earnings before interest and taxes (EBIT) EBIT margin Earnings after taxes Earnings per share | €'000 €'000 % €'000 €/share | 152,608 5,917 3.9 7,435 2.70 | 143,329 -15,808 -11.0 -17,771 -6.45 | 134,485 -2,885 -2.1 -5,977 -2.17 | 141,057 4,503 3.2 14,133 5.13 | 144,869 4,430 3.1 1,453 0.53 | 145,639 5,710 3.9 3,867 1.40 | 133,993 -8,554 -6.4 -5,383 -1.95 | 121,224 -2,086 -1.7 -1,417 -0.51 | 111,340 -7,285 -6.5 -6,021 -2.18 | 105,109 666 0.6 167 0.06 | ||
Capital expenditures Depreciation Cashflow from operating activities | €'000 €'000 €'000 | 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 | 3,945 4,387 4,281 | ||
Total assets Shareholders' equity Equity ratio Net financial debt (+)/ Net investment position (-) | €'000 €'000 % €'000 | 140,273 96,502 68.8 -11,651 | 130,714 75,715 57.9 -417 | 128,650 72,233 56.1 3,368 | 128,000 79,427 62.1 -6,118 | 127,492 78,881 61.9 -11,446 | 126,806 81,024 63.9 -11,590 | 113,487 76,681 67.6 -5,512 | 112,347 72,445 64.5 -6,332 | 104,945 65,871 62.8 -4,099 | 98,653 67,429 68.3 -3,694 | ||
Return On Capital Employed (ROCE) Return On Equity (ROE) | % % | 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 | 0.9 0.3 | ||
Number of employees
| 768
| 761
| 755
| 750
| 752
| 771
| 754
| 684
| 667
| 632
|
