Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Surteco Group SE is a Germany-based developer, designer, producer, and marketer of decorative surface materials derived from paper and plastics. The company specializes in a comprehensive portfolio including decor papers, finish foils, impregnates, release papers, melamine edgings, paper-based and plastic edgebandings, floor strips, skirting systems, wall edgings, technical extrusions, and accessories. These products serve critical functions in the furniture, flooring, wood-based panels, caravan, and interior design industries, enabling carpenters, artisans, and manufacturers to achieve seamless decor uniformity in design, color, gloss, and haptics. Formed in 2000 through the merger of Bausch + Linnemann AG and Döllken-Gruppe, Surteco Group SE has expanded globally with 26 production sites across four continents and approximately 3,700 employees, headquartered in Buttenwiesen, Germany. Notable for its sustainability initiatives, the company uses FSC- and PEFC-certified papers, water-based impregnations, biological exhaust air cleaning, and closed-loop recycling, aiming for climate neutrality by 2045. Its SURTECO Design Factory drives innovation, positioning it as a full-service provider of holistic surface solutions that enhance living spaces worldwide.
Operating margin is thin at 1.27%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue declined 4.1% YoY. Margins deteriorated 2.2pp alongside, both lines moving the wrong way.
Free cash flow declined 52% versus the prior year, cash generation momentum has weakened. Net debt of €341M represents 17.9x FCF, leverage limits flexibility.
Profitability & Returns
Revenue (TTM)
€821M
▼ -4.1% YoY
Net Income (TTM)
-€14M
▼ -282.4% YoY
Op. Margin
1.27%
▼ -2.2pp YoY
ROIC
1.02%
▼ -0.7pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
€19M
▼ -52.4% YoY
Op. Cash Flow (TTM)
€22M
▼ -64.9% YoY
Net Debt
€341M
Cash & Equiv.
€81M
3Y CAGR: +3.2%
3Y CAGR: +0.4%
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