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Interim Reports

On May 16, 2024, A.S. Création published its interim report for the period ended March 31, 2024:

 

In the first three months of 2024, A.S. Création's consolidated sales revenues declined by € 3.5 million or 9.5% from € 36.6 million in the previous year to € 33.1 million in the reporting period. As A.S. Création generates around 82% 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 profit of € 0.1 million for the first three months of 2024, compared to an operating profit of € 0.4 million in the same period of the previous year. 

 

The gross profit margin improved further and amounted to 50.2% in the first three months of 2024 (previous year: 48.0%). This pleasing development was driven in particular by the focus of the product and sales policy on higher-margin product ranges and the successful implementation of the restructuring projects. The changed strategic orientation, which is aimed at returning A.S. Création to profitability, has thus started to have a positive impact. 

Key figures

        01.01. -31.03.2020 01.01. -31.03.2021 01.01. -31.03.2022 01.01. -31.03.2023 01.01. -31.03.2024
 

Sales

Earnings before interest and taxes (EBIT)

EBIT margin

Earnings before taxes

Return on sales before taxes

€'000

€'000

%

€'000

%

 

37,814

-1,453

-3.8

-1,622

-4.3

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

 

Earnings per share

€/share

 

-0.82

1.00

0.04

0.08

-0.02

 

Capital expenditures

Depreciation

Cash flow from operating activities

€'000

€'000

€'000

 

1,179

1,533

-2,742

693

1,476

4,192

569

1,453

-3,288

679

1,366

-1,563

408

1,223

-2,886

 

Total assets

Shareholders' equity

Equity ratio

€'000

€'000

%

 

128,635

78,593

61.1

135,690

82,390

60.7

128,787

81,607

63.4

116,329

76,210

65.5

115,959

72,500

62.5

 

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

Debt relief period

€'000

years

 

-4,502

n.a.

-14,817

n.a.

-7,932

n.a.

-3,461

n.a.

-3,065

n.a.

 

Return On Capital Employed (ROCE) *

Return On Equity (ROE) *

%

%

 

-6.6

-11.4

19.5

13.7

2.1

0.6

2.1

1.2

0.3

-0.3

 

Number of employees 

Sales per employee

Personnel expenses as % of total output

 

€'000

%

 

764

49

25.5

777

52

25.3

766

52

23.7

715

51

25.1

677

49

26.8

* extrapolated to the full year (annualized)

© 2024 A.S. Création Tapeten AG