DGAP-News: CENTROTEC Q3 revenue and earnings up on previous

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 --------------------------------------------------------------------- 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 --------------------------------------------------------------------- 12.11.2013 Dissemination of a Corporate News, transmitted by DGAP - a company of EQS Group 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: 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 --------------------------------------------------------------------- 239261 12.11.2013