30.03.2017
CENTROTEC Sustainable AG DE0005407506
DGAP-News: CENTROTEC meets revenue and profit forecast and expects further growth for 2017
DGAP-News: CENTROTEC Sustainable AG / Key word(s): Final Results
CENTROTEC meets revenue and profit forecast and expects further growth for
2017
30.03.2017 / 07:30
The issuer is solely responsible for the content of this announcement.
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Brilon, March 30, 2017: CENTROTEC Sustainable AG, Brilon, increased its
revenue by 4.7% in the 2016 financial year to EUR 575.5 million (previous
year EUR 549.8 million). The operating result (EBIT) rose by 8.5% to EUR
34.8 million (previous year EUR 32.1 million) despite extensive investment
spending e.g. on internationalisation. Earnings per share (EPS) were
increased to EUR 1.21 (previous year EUR 1.18). In a reflection of this
development and the further improved financial structure, a renewed increase
in the dividend to EUR 0.30 (previous year EUR 0.25) is planned.
For 2017, CENTROTEC anticipates a mildly positive development in the
economic environment. The European construction industry will continue to
grow in 2017 and the downward trend in energy prices appears to have come to
an end. Against this backdrop, CENTROTEC expects organic growth for the 2017
financial year to continue the pattern of the past three years and
anticipates revenue of EUR 575 to 600 million.
The strategic measures to achieve a sustained, international improvement in
revenue and earnings will entail above-average expenditure and investment in
the development, service and international sales areas in 2017. However the
greater part of these measures will not yet produce a profit contribution in
2017 and will diminish the operating result mainly in the second half of the
year. Furthermore, the above-average increase in personnel expenses
following negotiated pay increases and reductions in working hours as well
as substantial rises in raw material prices, especially steel, will
adversely impact the anticipated earnings performance. Overall, CENTROTEC
expects to post an operating result (EBIT) in the range of EUR 33 - 35
million for 2017.
For the financial years thereafter, CENTROTEC expects to see a continuation
in organic revenue growth and a return to a positive development in the
profit margins.
CENTROTEC Sustainable AG
CENTROTEC Sustainable AG enjoys a presence in around 50 different countries
through subsidiaries and sales partners. The principal group companies are
Wolf, Brink Climate Systems and Ned Air in the Climate Systems segment,
specialising 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, with their focus on gas flue and air piping 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/ Main;
indices: 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
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30.03.2017 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.
Archive at www.dgap.de
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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
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
Stuttgart, Tradegate Exchange
End of News DGAP News Service
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559933 30.03.2017
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