DGAP-News: CENTROTEC Sustainable AG: CENTROTEC increases

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News Desk 2018

May 14, 2014 at 2:00 AM

DGAP-News: CENTROTEC Sustainable AG: CENTROTEC increases revenue and operating result

DGAP-News: CENTROTEC Sustainable AG / Key word(s): Quarter Results CENTROTEC Sustainable AG: CENTROTEC increases revenue and operating result 14.05.2014 / 07:30 --------------------------------------------------------------------- Brilon, May 14, 2014: in the first three months of the 2014 financial year CENTROTEC Sustainable AG, Brilon, achieved a year-on-year revenue increase of 6.1 %, to EUR 119.5 million (previous year EUR 112.6 million). All three segments were able to contribute to this growth. Despite absorbing the full, non-recurring costs of EUR 1.0 million for changes in the group's management in the first quarter, EBITDA came to EUR 7.1 million and was thus 5.5 % up on the prior-year figure of EUR 6.7 million. EBIT reached EUR 1.8 million, a decrease compared with the prior-year figure of EUR 2.0 million. The opening months of the 2014 financial year brought positive progress overall, not least thanks to the mild winter. CENTROTEC expects to see a tentatively favourable market environment for 2014 as a whole. Along with the continuing sound development of the German market, there are signs of a recovery in the general economic situation in a number of international markets. Nevertheless, it remains unclear to what extent this positive development will already affect the financial performance of CENTROTEC in the 2014 financial year. Furthermore, economic development in France and Spain remains weak. The impact of the crisis in Ukraine is moreover very difficult to predict as matters stand. Taking that into account, CENTROTEC stands by its expectation of slight revenue and earnings growth. CENTROTEC Sustainable AG CENTROTEC Sustainable AG enjoys a presence in over 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 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/ 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 BiekehÃ¶r, Tel.: +49 (0)6181 98280-30 End of Corporate News --------------------------------------------------------------------- 14.05.2014 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, DÃ¼sseldorf, Hamburg, MÃ¼nchen, Stuttgart End of News DGAP News-Service --------------------------------------------------------------------- 268248 14.05.2014

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