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Interim Reports

On 14 May 2025, A.S. Création published its interim report for the period ended 31 March 2025:

 

Against the backdrop of a weak macroeconomic trend, high geopolitical uncertainties, a lack of momentum in the construction sector, persistent consumer restraint and declining industry demand, A.S. Création Tapeten AG's consolidated sales revenues declined by 4.4% or € 1.5 million from € 33.1 million in the previous year to € 31.6 million in the reporting period in the first three months of 2025.

 

A.S. Création generated an operating profit of € 1.4 million in the first quarter of 2025, which was well above the previous year's figure of € 0.1 million. The main driver of this positive trend was the noticeable improvement in the gross profit margin, which rose to 53.7%, up 3.5 percentage points on the previous year. As a result of the measures introduced in 2024, personnel expenses were reduced by around € 0.8 million to € 8.4 million.

 

Despite persistently challenging economic conditions and a downward trend in the industry, the company achieved a pleasing result overall in the first quarter of 2025. Although a further decline in sales of 4.4% had to be accepted, the gross profit margin improved to a very good level. The efficiency measures implemented and consistent cost discipline enabled the company to generate a positive operating result.          

Key figures

    

01.01. -31.03.2021

01.01. -31.03.2022

01.01. -31.03.2023

01.01. -31.03.2024

01.01. -31.03.2025

 

Sales

Earnings before interest and taxes (EBIT)

EBIT margin

Earnings before taxes

Return on sales before taxes

€'000

€'000

%

€'000

%

 

40,348

4,021

10.0

3,874

9.6

39,740

449

1.1

329

0.8

36,599

418

1.1

258

0.7

33,112

54

0.2

-24

-0.1

31,646

1,448

4.6

1,318

4.2

 Earnings per share

€/share

 

1.00

0.04

0.08

-0.02

0.30

 

Capital expenditures

Depreciation

Cash flow from operating activities

€'000

€'000

€'000

 

693

1,476

4,192

569

1,453

-3,288

679

1,366

-1,563

408

1,223

-2,886

1,229

1,082

-727

 

Total assets

Shareholders' equity

Equity ratio

€'000

€'000

%

 

135,690

82,390

60.7

128,787

81,607

63.4

116,329

76,210

65.5

115,959

72,500

62.5

107,325

68,018

63.4

 

Net financial debt (+)/Net investment position (-)

Debt relief period

€'000

years

 

-14,817

n.a.

-7,932

n.a.

-3,461

n.a.

-3,065

n.a.

-1,716

n.a.

 

Return On Capital Employed (ROCE) *

Return On Equity (ROE) *

%

%

 

19.5

13.7

2.1

0.6

2.1

1.2

0.3

-0.3

7.8

4.9

 

Number of employees 

Sales per employee

Personnel expenses as % of total output

 

€'000

%

 

777

52

25.3

766

52

23.7

715

51

25.1

677

49

26.8

649

49

26.7

* extrapolated to the full year (annualized)

© 2025 A.S. Création Tapeten AG