DGAP-News: A.S. Création Tapeten AG

DGAP-News: A.S. Création Tapeten AG: Annual General Meeting of Shareholders decides dividend of EUR 0.60 for 2015. Continuity in the composition of the Supervisory Board. Good start to the fiscal year 2016.

DGAP-News: A.S. Création Tapeten AG / Key word(s): AGM/EGM/Quarterly / Interim Statement A.S. Création Tapeten AG: Annual General Meeting of Shareholders decides dividend of EUR 0.60 for 2015. Continuity in the composition of the Supervisory Board. Good start to the fiscal year 2016.

28.04.2016 / 16:19 The issuer is solely responsible for the content of this announcement.

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A.S. Création Tapeten AG, Gummersbach (ISIN DE000A1TNNN5)

Annual General Meeting of Shareholders decides dividend of EUR 0.60 for 2015. Continuity in the composition of the Supervisory Board. Good start to the fiscal year 2016.

At today's Annual General Meeting of Shareholders in Gummersbach, A.S. Création Tapeten AG, Europe's leading wallpaper manufacturer, presented the consolidated financial statements for 2015. The AGM thanked all employees of A.S. Création for their commitment in the past fiscal year and decided to pay out a dividend of EUR 0.60 per share from the profit for the year 2015. The Managing Board and the Supervisory Board were released from liability by a large majority of the shareholders. The regular election of the Supervisory Board members resulted in no changes. The following shareholder representatives were re-elected by a large majority: Ms Benner-Heinacher, Dr. Hues, Mr Müller and Mr Schneider. The employees had elected their representatives - Mr Mourschinetz and Mr Schmuck, as in the previous election - already prior to the AGM. At the constituent Supervisory Board meeting following the Annual General Meeting of Shareholders, Mr Schneider was elected Chairman and Ms Benner-Heinacher was elected his deputy.

The interim report for the period ended March 31, 2016 was also presented at the AGM. At EUR 44.7 million, Group revenues were down by 4.9% on the previous year's EUR 47.0 million. Compared to the fiscal year 2015, when A.S. Création recorded a 12.0% drop in revenues, the decline in Q1 2016 was much more moderate. According to the Managing Board, this is attributable to the good quality of the product range developed over the past months, which has been very well accepted by the customers.

Although sales revenues declined by EUR 2.3 million in the first quarter of 2016, earnings before taxes, at EUR 5.5 million, were down by only EUR 0.2 million or 3.9% on the previous year's EUR 5.7 million, meaning that the EBT margin again reached a high level of 12.3%. This positive trend is primarily attributable to the gross profit margin climbing from 54.8% in the previous year to 56.7% in the reporting period.

Earnings after taxes amounted to EUR 3.9 million (previous year: EUR 4.2 million) or EUR 1.41 per share (previous year: EUR 1.52 per share) in the first three months of 2016.

A.S. Création's interest-bearing financial liabilities declined from EUR 16.2 million on December 31, 2015 by EUR 0.9 million to EUR 15.3 million on March 31, 2016. As of the balance sheet date, these financial liabilities contrasted with cash and cash equivalents as well as current financial assets of EUR 16.3 million, leaving A.S. Création with a net credit position of EUR 1.0 million on March 31, 2016. The equity ratio of 63.4% as of March 31, 2016 additionally underlines A.S. Création's very solid financial structure.

In spite of several imponderables, the Managing Board of A.S. Création believes that the company is well on track to reach the Group forecast for the full year 2016, which provides for sales revenues of between EUR 160 million and EUR 170 million and a greatly improved result barring any significant burdens from the antitrust proceedings and exchange losses.

The Group's key figures for the first three months of 2016 are summarised below:



01.01.-31.03. 01.01.-31.03. Change 2016 2015 Sales EUR '000 44,651 46,969 - 4.9% EBIT EUR '000 4,528 4,722 - 4.1% Earnings before taxes EUR '000 5,506 5,730 - 3.9% Earnings after taxes EUR '000 3,884 4,194 - 7.4% Earnings per share EUR/share 1.41 1.52 - 7.2% Cash-flow EUR '000 4,806 5,276 - 8.9% Capital expenditures EUR '000 1,292 686 88.3% Depreciation EUR '000 1,947 2,176 -10.5% Number of employees (average) 770 814 - 5.4%



Gummersbach, April 28, 2016

A.S. Création Tapeten AG

The Managing Board

Inquiries Maik Krämer, Director of Finance and Controlling, phone +49-(0)22 61/542-387, fax +49-(0)22 61/542-304, e-mail m.kraemer@as-creation.de

The full 3-month report is available at: www.as-creation.de or from: A.S. Création Tapeten AG, Frau Börngen, Südstr. 47, D - 51645 Gummersbach, phone +49-(0)22 61/542-350, e-mail investor@as-creation.de

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28.04.2016 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de

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Language: English Company: A.S. Création Tapeten AG Südstraße 47 51645 Gummersbach Germany Phone: +49 22 61 54 2-0 Fax: +49 22 61 54 2-3 04 E-mail: investor@as-creation.de Internet: http://www.as-creation.de ISIN: DE000A1TNNN5 WKN: A1TNNN Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart End of News DGAP News Service ---------------------------------------------------------------------------

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