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Interim Reports

On November 9, 2023, A.S. Création published its interim report for the period ended September 30, 2023

 

In the first nine months of 2023, A.S. Création's consolidated sales revenues declined by € 8.6 million or 8.4% from € 102.5 million in the previous year to € 93.9 million in the reporting period. As A.S. Création generates almost 80% of its consolidated revenues in the European Union plus the UK and wallpapers and furnishing fabrics are classified as consumer goods, the weak consumer spending in this region had a negative impact on consolidated revenues.

 

A.S. Création reported an operating loss of € -1.2 million for the first nine months of 2023, compared to an operating loss of € -2.7 million in the same period of the previous year. This marked improvement in earnings, which was achieved despite lower sales revenues, reflects the first effects of A.S. Création's new outlook.


Overall, the Managing Board is not satisfied with the earnings trend in the first nine months of 2023.

Key figures

        01.01. -30.09.2019 01.01. -30.09.2020 01.01. -30.09.2021 01.01. -30.09.2022 01.01. -30.09.2023
 

Sales

Earnings before interest and taxes (EBIT)

EBIT margin

Earnings before taxes

Return on sales before taxes

€'000

€'000

%

€'000

%

 

108,303

4,208

3.9

5,506

5.1

105,621

1,360

1.3

820

0.8

110,515

5,525

5.0

5,162

4.7

102,458

-2,700

-2.6

-3,127

-3.1

93,893

-1,242

-1.3

-1,672

-1.8

 

Earnings per share

€/share

 

1.59

-0.24

1.40

-0.67

-0.36

 

Capital expenditures

Depreciation 

Cash flow from operating activities

€'000

€'000

€'000

 

4,226

4,721

-4,748

2,636

4,478

8,798

3,733

4,515

6,748

2,365

4,512

-3,586

2,107

3,894

1,183

 

Total assets

Shareholders' equity 

Equity ratio 

€'000

€'000

%

 

124,799

72,183

57.8

128,728

77,573

60.3

129,357

80,794

62.5

120,172

83,598

69.6

109,333

74,197

67.9

 

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

Debt relief period

€'000

years

 

3,289

n.a.

-10,967

n.a.

-11,523

n.a.

-1,792

n.a.

-5,015

n.a.

 

Return On Capital Employed (ROCE) *

Return On Equity (ROE) *

%

%

 

6.2

8.1

2.1

-1.1

8.8

6.5

-4.1

-3.0

-2.1

-1.8

 

Number of employees

Sales per employee

Personnel expenses as % of total output

 

€'000

%

 

749

145

25.8

746

142

26.7

770

144

25.7

756

136

26.4

690

136

27.9

* extrapolated to the full year (annualized)

© 2024 A.S. Création Tapeten AG