14.05.2013
CENTROTEC Sustainable AG DE0005407506
DGAP-News: CENTROTEC Sustainable AG: CENTROTEC first-quarter revenue down; forecast for year reaffirmed
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
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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
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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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