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A.S. Création Tapeten AG: Unsatisfactory profitability in FY 2011 - Seite 2

Création will maintain its dividend policy, which provides for a high
payout ratio as long as this is warranted by the company´s financial
situation. We will therefore propose to the Annual General Meeting to pay
out a dividend of EUR 0.75 (2010: EUR 1.35) per share. With regard to
earnings per share, this represents a consistent payout ratio of 44.4%
(2010: 44.3%). The decline in the absolute dividend amount reflects the
deterioration in the company´s earnings position.

Improved earnings position anticipated for 2012
The Managing Board expects the market environment to remain difficult in
2012, marked by rising commodity and energy prices. In such an environment,
both divisions should expand their respective market positions, with Group
revenues of between EUR 195 million and EUR 205 million projected for 2012.
The Russian wallpaper production facility is scheduled to take up service
in autumn 2012. Due to the investments that will be required up to this
date, capital expenditures are expected to total EUR 13 million in 2012,
which is above the normal level. In spite of the expected start-up losses
in Russia and the adverse impact the commodity and energy prices will have
on the bottom line, a consolidated net profit of between EUR 6.0 million
and EUR 7.0 million is projected for 2012. The expectation of higher
earnings is based on the spring 2012 increase in sales prices and an
improved overall product range.

The Group´s key figures for 2011 at a glance:

                                                      2011    2010   Change
Sales                                     EUR ´000 192,262 184,603    4.1 %
Earnings before interest and taxes (EBIT) EUR ´000   9,587  14,318  -33.0 %
Earnings before income taxes              EUR ´000   7,325  12,352  -40.7 %
Net profit                                EUR ´000   4,650   8,395  -44.6 %
Earnings per share                       EUR/share    1.69    3.05  -44.6 %
Cash-flow                                 EUR ´000  14,338  19,027  -24.6 %
Capital expenditures                      EUR ´000  19,667   6,826  188.1 %
Depreciation                              EUR ´000   9,933  10,504   -5.4 %
Number of employees (average)                          796     772    3.1 %



Gummersbach, March 22, 2012

A.S. Création Tapeten AG

The Managing Board

Contact:
Maik Krämer
Vorstand Finanzen
Südstr. 47
D-51645 Gummersbach
Telefon + 49 - (0)22 61/542-387
Fax + 49 - (0)22 61/542-304
E-Mail: [e-mail]

The 2011 Annual Report is available at www.as-creation.de or from:

A.S. Création Tapeten AG
Frau Börngen
Südstraße 47
D - 51645 Gummersbach
phone [phone]
e-mail [e-mail]

End of Corporate News

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22.03.2012 Dissemination of a Corporate News, transmitted by DGAP - a
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Language:    English                                               
Company:     A.S. Création Tapeten AG                              
             Südstraße 47                                          
             51645 Gummersbach                                     
             Germany                                               
Phone:       [phone]                                      
Fax:         [phone]                                   
E-mail:      [e-mail]                               
Internet:    http://www.as-creation.de                             
ISIN:        DE0005079909                                          
WKN:         507990                                                
Listed:      Regulierter Markt in Frankfurt (Prime Standard);      
             Freiverkehr in Berlin, Düsseldorf, Hamburg, München,   
             Stuttgart                                             

End of News    DGAP News-Service  

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161768 22.03.2012