12.11.2013
CENTROTEC Sustainable AG DE0005407506
DGAP-News: CENTROTEC Q3 revenue and earnings up on previous year; forecast for year confirmed
DGAP-News: CENTROTEC Sustainable AG / Key word(s): Quarter Results
CENTROTEC Q3 revenue and earnings up on previous year; forecast for
year confirmed
12.11.2013 / 07:30
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Brilon, November 12, 2013: the third quarter of 2013 saw CENTROTEC
Sustainable AG, Brilon, increase its revenue by 3.8 % year on year to EUR
147.1 million (previous year EUR 141.7 million). This maintained the
positive trend, following a first-quarter performance well down on 2012 due
to the weather and a slightly better second quarter compared with the same
period of the previous year. Revenue for the first nine months reached EUR
383.0 million, 1.4 % below the prior-year figure of EUR 388.4 million. In
all segments, third-quarter revenue showed an improvement on the previous
year.
The Q3 operating result for the group at EBITDA level of EUR 20.3 million
represented an improvement on the prior-year quarter (EUR 19.7 million).
For the first nine months of the year, CENTROTEC posted EBITDA of EUR 36.7
million that was still 5.9 % down on the previous year's level of EUR 39.0
million. With EBIT amounting to EUR 22.2 million, the shortfall compared
with the previous year (EUR 23.9 million) was reduced to 7.2 %. The further
improvement in net interest was unable to compensate for the previous
year's income from the disposal of investments, with the result that EBT of
EUR 18.9 million was 13.7 % down year on year (EUR 21.9 million). Thanks to
a slightly lower effective tax rate, net income (EAT) was down 13.2 % at
EUR 12.5 million (previous year EUR 14.3 million). Earnings per share (EPS)
of EUR 0.74 were on a par with the adjusted prior-year figure after
elimination of the disposal of investments, but below last year's reported
figure of EUR 0.87. The group's net borrowings were reduced to EUR 36.8
million and were thus almost one-third down on the figure for the
corresponding prior-year period (EUR 54.7 million).
The debating and implementation of regulatory changes to improve energy
efficiency in buildings both in Germany and throughout Europe are providing
a positive impetus. Because CENTROTEC expects to see further revenue and
earnings growth in the fourth quarter, the full-year forecast for 2013 is
confirmed. Amid an overall economic environment that remains challenging
throughout Europe, CENTROTEC expects to achieve revenue that will be above
the prior-year level, alongside slight growth in the operating result
(EBIT).
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 home ventilation systems with heat
recovery, as well as Ubbink and Centrotherm in the Gas Flue Systems
segment, which focus on gas flue and air ducting systems. 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, Carsten Vogt, Tel.: +49 (0)2961 96631-103 or
MetaCom GmbH, Georg Biekehör, Tel: +49 (0)6181 98280-30
End of Corporate News
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12.11.2013 Dissemination of a Corporate News, transmitted by DGAP - a
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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: [email protected]
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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