DGAP-News: CENTROTEC Sustainable AG: Revenue and earnings

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News Desk 2018

Aug 11, 2016 at 1:45 AM

DGAP-News: CENTROTEC Sustainable AG: Revenue and earnings increased according to plan

DGAP-News: CENTROTEC Sustainable AG / Key word(s): Half Year Results CENTROTEC Sustainable AG: Revenue and earnings increased according to plan 11.08.2016 / 07:30 The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Brilon, August 11, 2016: The first half of 2016 year saw the CENTROTEC Group increase its revenue by 6.2 % to EUR 263.9 million (previous year EUR 248.5 million). Organic growth, to which all three corporate segments contributed, amounted to 3.0 percent. Growth was slightly stronger in the second quarter than in the opening three months of the year. The first-half operating result at EBITDA level was up 2.7 % at EUR 20.3 million (previous year EUR 19.8 million). As a result of slightly higher depreciation and amortisation, EBIT was up 1.5 % at EUR 8.6 million (previous year EUR 8.4 million). The elevated reference figure for the previous year as a result of positive foreign exchange effects meant that the group's earnings growth was generated in the second quarter. Constant net interest and a slightly lower effective tax rate led to first-half earnings per share of EUR 0.23 (previous year EUR 0.23). The stabilization of the German heating market following its tentative start to the year and the successful introduction of new products, coupled with latterly more positive signals from the Spanish and French markets, have brightened the business prospects of the CENTROTEC Group. On the other hand the market for commercial ventilation systems remains tight in view of intense competition. In the absence of EU notification for the German CHP Act which took effect at the start of the year, it is furthermore not currently possible to issue funding notices for new combined heat and power units. This represents a substantial barrier to investment and is severely restricting demand in that operating segment. Based on these developments, as before CENTROTEC anticipates a rise in revenue to EUR 550 to 570 million and an increase in EBIT to EUR 32 to 35 million. 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 --------------------------------------------------------------------------- 11.08.2016 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 --------------------------------------------------------------------------- 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 Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange End of News DGAP News Service --------------------------------------------------------------------------- 491519 11.08.2016

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