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as creation tapeten ag (ACWN) Details

A.S. Création Tapeten AG, through its subsidiaries, manufactures and sells wallpapers worldwide. It operates in two segments, Wallpaper and Furnishing Fabrics. The Wallpaper segment produces and markets wallpapers and borders. The Furnishing Fabrics segment markets curtains and furnishing fabrics. The company offers its wallpapers primarily under the innova, A.S. Création, livingwalls, and Architects Paper brand names; and decorative fabrics under the Indes and Fuggerhaus brand names. It also provides various services, such as departmental planning, shop-fitting, ordering, decoration, individual marketing concept, sales promotional package, and concepts for point-of-sale services, as well as delivery services. A.S. Création Tapeten AG was founded in 1974 and is headquartered in Gummersbach, Germany.

749 Employees
Last Reported Date: 05/9/19
Founded in 1974

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as creation tapeten ag
A.S. Création Tapeten AG Announces Earnings Results for the First Three Months of 2019, Reaffirms Earnings Guidance for the Full Year of 2019

A.S. Création Tapeten AG announced earnings results for the first three months of 2019. For the first three months company reported sales revenue of EUR 38,234,000 as compared to EUR 40,424,000 a year ago. Earnings after taxes of EUR 3,431,000 as compared to EUR 26,000 a year ago. Earnings per share of EUR 1.24 as compared to EUR 0.01 a year ago. Company reaffirmed earnings guidance for the full year Of 2019. For the full year company's managing board maintains the Group projections for the full year 2019, according to which revenues will amount to between EUR 135 million and EUR 140 million.

A.S. Création Tapeten AG Updates Consolidated Earnings Guidance for 2019

In 2008, A.S. Création Tapeten AG and OOO Kof Palitra established a Russian joint venture under the name of OOO A.S. & Palitra, Dzershinsk/Russia ("A.S. & Palitra"), in which each of the partners holds 50% of the shares. Under an agreement signed 02 April 2019, A.S. Création Tapeten AG will sell its 50% stake in A.S. & Palitra to the co-shareholder's group of companies. As the conditions in the Russian wallpaper market changed over the past few years, the non-EU Eastern European markets have become far less important export markets for A.S. Création's Group revenues. A.S. & Palitra's rising sales of locally produced wallpapers are not reflected in A.S. Création's Group revenues, as the joint venture is not fully included in the consolidated financial statements of A.S. Création because of the shareholder structure. Given that a change in the shareholder structure of the joint venture or an expanded cooperation do not appear to be feasible in the future, the Managing Board of A.S. Création Tapeten AG has decided, after consultation with Kof Palitra and the latter's majority shareholder, Lins Wallpaper Limited, London/UK ("Lins Wallpaper"), to withdraw from the joint venture. A.S. Création will continue to have a presence in Eastern Europe through the production facility in Minsk taken into operation in 2018 and the distribution company in Moscow. Both companies are wholly owned by the A.S. Création Group. This means that the transaction will have no impact on the published EBIT forecast for the fiscal year 2019, according to which A.S. Création will generate earnings before interest and taxes of between EUR 1 million and EUR 2 million. Consolidated earnings after taxes for the fiscal year 2019, however, will be higher than expected as a result of the transaction and amount to between EUR 10.0 million and EUR 11.0 million. Consolidated earnings after taxes - excl. one-time effects - had previously been expected to come in at between EUR 1.5 million and EUR 2.5 million.

A.S. Création Tapeten AG Reports Earnings Results for the Fiscal Year 2018; Provides Earnings Guidance for the Year 2019

A.S. Création Tapeten AG reported earnings results for the fiscal year 2018. For the year, the company reported sales revenues of EUR 134.5 million compared to EUR 143.3 million a year ago. Loss before interest and taxes (EBIT) was EUR 2.9 million compared to EUR 15.8 million a year ago. Loss after taxes was EUR 6.0 million compared to EUR 17.8 million a year ago. Loss per share was EUR 2.17 compared to EUR 6.45 a year ago. For the year 2019, the managing board projects consolidated revenues of between EUR 135 million and EUR 140 million for 2019. Building on the planned revenue growth and the cost-cutting measures implemented in 2018, A.S. Création should return to profit in 2019. The Managing Board projects earnings before interest and taxes (excl. extraordinary effects) of between EUR 1.0 million and EUR 2.0 million.


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