DGAP-News: CENTROTEC Sustainable AG: CENTROTEC

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News Desk 2018

Aug 13, 2013 at 1:45 AM

DGAP-News: CENTROTEC Sustainable AG: CENTROTEC second-quarter EBIT already on par with previous year; first-half figures overall down slightly on previous year; forecast for full year confirmed

DGAP-News: CENTROTEC Sustainable AG / Key word(s): Half Year Results CENTROTEC Sustainable AG: CENTROTEC second-quarter EBIT already on par with previous year; first-half figures overall down slightly on previous year; forecast for full year confirmed 13.08.2013 / 07:30 --------------------------------------------------------------------- Brilon, August 13, 2013: The second quarter of 2013 saw CENTROTEC Sustainable AG, Brilon, increase its revenue by 0.2 % to EUR 123.3 million (previous year EUR 123.0 million). On the other hand revenue for the complete first half of 2013 was 4.4 % down on the previous year's record level (EUR 246.7 million) due to the exceptionally long winter, with cold weather extending into April, and also because of the continuing weak state of its principal international markets. In the weather-dependent core segments Climate Systems (-4.6 % to EUR 169.2 million / previous year EUR 177.3 million) and Gas Flue Systems (-8.0 % to EUR 45.4 million / previous year EUR 49.4 million) revenue for the first half was down, but both segments were already seeing renewed year-on-year growth especially towards the end of the second quarter. The Medical Technology & Engineering Plastics segment, where business is not exposed to weather-related fluctuations, achieved revenue growth of 6.0 % to EUR 21.3 million in the first half of 2013 (previous year EUR 20.1 million). The operating result for the first half, which is less relevant in view of the seasonal nature of core business, already matched the prior-year level in the second quarter of 2013. Looking at the performance over the first half of the year, EBITDA nevertheless remained 15.1 % down on the 2012 figure (EUR 19.3 million) despite another improvement in the purchased materials ratio, and EBIT was equally 23.2 % below the previous year at EUR 6.9 million (EUR 9.0 million). However thanks to the substantial improvement in the interest and investment result, earnings before tax (EBT) were increased by almost two-thirds to EUR 5.1 million (previous year EUR 3.1 million). Earnings after tax came to EUR 2.9 million, in a turnaround from the negative amount of EUR -0.1 million in the previous year. This led to comfortably positive earnings per share (EPS) of EUR 0.18 (previous year EUR +0.02). Bearing in mind that core business traditionally picks up momentum in the third and fourth quarters due to seasonal factors, CENTROTEC will again earn the bulk of its profit for 2013 in the second half of the year. In light of this, CENTROTEC expects to see revenue growth at group level for 2013 as a whole, in conjunction with 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 BiekehÃ¶r, Tel: +49 (0)6181 98280-30 End of Corporate News --------------------------------------------------------------------- 13.08.2013 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, DÃ¼sseldorf, Hamburg, MÃ¼nchen, Stuttgart End of News DGAP News-Service --------------------------------------------------------------------- 225473 13.08.2013

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