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)