DGAP-News: CENTROTEC Sustainable AG / Key word(s): Quarter Results CENTROTEC Sustainable AG: CENTROTEC first-quarter revenue down; forecast for year reaffirmed 14.05.2013 / 07:27 --------------------------------------------------------------------- Brilon, May 14, 2013: CENTROTEC Sustainable AG, Brilon, posted first-quarter revenue for 2013 of EUR 112.6 million, a 9 % drop compared with the record EUR 123.7 million achieved in the previous year. The main factor behind this downturn in the first quarter, which is exposed to industry-typical weakness and major fluctuations, was the long period of winter weather, which hampered business in the core segments Climate Systems and Gas Flue Systems. The largest segment, Climate Systems, saw revenue fall by 9.1 % to EUR 80.8 million (previous year EUR 88.9 million). In the Gas Flue Systems segment, revenue was down 13.9 % at EUR 21.2 million (previous year EUR 24.6 million). On the other hand the Medical Technology & Engineering Plastics segment increased its first-quarter revenue by 3.6 % to EUR 10.7 million (previous year EUR 10.3 million). The first-quarter earnings figure, which frequently shows major fluctuations in percentage terms and is therefore a poor indicator of the full-year performance, reflects a number of factors that to some extent cancel each other out. In essence the operating result was reduced by the lower revenue and higher expenses ratios, e.g. for personnel. The effect was that EBITDA for the first three months of 2013 was down 27.2 % at EUR 6.7 million (previous year EUR 9.2 million) and EBIT fell by half, or 50.3 %, to EUR 2.0 million (previous year EUR 4.1 million). Earnings before tax of EUR 0.8 million revealed a 35.1 % fall on the prior-year figure of EUR 1.3 million. On the other hand earnings after tax (EAT) were in positive territory at EUR +0.2 million (previous year EUR -0.4 million) despite the elevated effective tax rate at the start of the year due to seasonal effects. This represented earnings per share (EPS) of EUR +0.02 (previous year EUR -0.01). CENTROTEC expects to see revenue growth in 2013 and a further rise in operating profit. 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 --------------------------------------------------------------------- 14.05.2013 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- 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 --------------------------------------------------------------------- 210869 14.05.2013