DGAP-News: CENTROTEC Sustainable AG / Key word(s): Half Year Results
CENTROTEC Sustainable AG: CENTROTEC posts further increase in revenue
and operating result - positive
14.08.2012 / 07:30
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Brilon, August 14, 2012. In the first half of the 2012 financial year the
revenue of the SDAX-listed company CENTROTEC Sustainable AG grew by 5.3 %
to EUR 246.7 million (previous year EUR 234.3 million), the highest-ever
total for a first half. Growth continues to be driven by gains in the core
segment Climate Systems, especially in the core market Germany and in
certain markets and product areas in Europe for climate control and
ventilation technology. Organic growth here reached 3.0 %, in market
conditions that remain challenging; including the subsidiary Dreyer &
Bosse, which has been fully consolidated since Q3 2011, revenue rose by 9.9
% to EUR 177.3 million (previous year EUR 161.4 million). Business in the
Gas Flue Systems segment was weaker due to the prevailing economic
conditions especially in a number of international markets, and together
with the reduced revenue base following the restructuring of the portfolio,
revenue fell by 4.7 % to EUR 49.4 million (previous year EUR 51.8 million).
In the Medical Technology & Engineering Plastics segment, the revenue total
of EUR 20.1 million was 5.2 % down on the very strong prior-year figure
(EUR 21.2 million), in part due to the restructuring of the portfolio last
year, but the performance of the continuing operations was fundamentally
positive.
The operating result showed a clearly above-average improvement relative to
revenue at both EBITDA level, which rose 11.3 % to EUR 19.3 million
(previous year EUR 17.4 million) and EBIT level, which gained 10.1 % to EUR
9.0 million (previous year EUR 8.2 million). This reflects the first fruits
of the restructuring, along with the fact that the purchased materials
ratio was much lower than the previous year's record levels, even if still
high. Nevertheless, with the investment result remaining negative at EUR
-3.1 million (previous year EUR -1.2 million) largely due to the
performance of CENTROSOLAR Group AG and the interest result virtually
constant, earnings before tax (EBT) were reduced by around one-quarter to
EUR 3.1 million (previous year EUR 4.1 million). The high effective tax
rate - though significantly lower than in Q1 but influenced by
non-recurrent and seasonal effects - led to earnings after tax (EAT) of EUR
-0.1 million (previous year EUR +1.9 million). Taking minority interests
into account, this therefore produced positive earnings per share (EPS) of
EUR 0.02 (previous year EUR 0.12).
Based on the revenue and earnings figures achieved in the first half of
2012 in a challenging overall economic environment, a year-on-year rise in
revenue and EBIT in the range of EUR 35 to 40 million are achievable for
2012 as a whole, thus coming close to the previous record-breaking year of
2010.
CENTROTEC Sustainable AG
CENTROTEC Sustainable AG and its subsidiaries enjoy a presence in over 50
different countries. The principal group companies are Wolf, Brink Climate
Systems and Ned Air in the Climate Systems segment, which have specialised
in heating, climate control and ventilation technology e.g. in the form of
solar thermal systems, CHP units and residential ventilation systems with
heat recovery, as well as Ubbink and Centrotherm, which have focused on gas
flue and air ducting systems in the Gas Flue Systems segment. CENTROTEC is
consequently Europe's only listed full-service provider of heating and
climate control technology, solar thermal systems and energy-saving
solutions for buildings.
CENTROTEC Sustainable AG, Am Patbergschen Dorn 9, D-59929 Brilon, Germany
ISIN: DE0005407506, WKN: 540750, home stock exchange: Frankfurt am Main
Indices: SDAX, Prime All Share, Prime Industrial
For further information, contact:
CENTROTEC Sustainable AG, Dr Frank Rose, Tel: +49 (0)2961 96631-104 or
MetaCom Corporate Communications GmbH, Georg Biekehör, Tel: +49 (0)6181 982
80-30
End of Corporate News
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Language: English
Company: CENTROTEC Sustainable AG
Am Patbergschen Dorn 9
59929 Brilon
Germany
Phone: +49 (0)2961 96631-0
Fax: +49 (0)2961 96631-100
E-mail: ir@centrotec.de
Internet: www.centrotec.de
ISIN: DE0005407506
WKN: 540750
Indices: SDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
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181513 14.08.2012
DGAP-News: CENTROTEC Sustainable AG: CENTROTEC posts further increase in revenue and operating result - positive
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