DGAP-News 520 0 Kommentare CENTROTEC Sustainable AG: Slight revenue growth achieved in weak market environment

DGAP-News: CENTROTEC Sustainable AG / Key word(s): Quarterly / Interim
Statement
CENTROTEC Sustainable AG: Slight revenue growth achieved in weak market
environment

10.05.2016 / 07:30
The issuer is solely responsible for the content of this announcement.

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Brilon, May 10, 2016: In the first three months of the 2016 financial year
the CENTROTEC Group increased its revenue by 4.0 % to EUR 125.8 million
(previous year EUR 120.9 million). All three segments contributed towards
this growth. Organic growth came to 0.9 %. The operating result (EBITDA)
for the group of EUR 8.8 million was 10 % below the elevated prior-year
figure (EUR 9.8 million), which had included EUR 1.3 million from foreign
exchange gains. The slight increase in depreciation and amortisation
produced an EBIT at group level of EUR 3.0 million (previous year EUR 4.2
million). Organically and before foreign exchange effects, EBIT came to EUR
2.7 million (previous year EUR 2.9 million). A slightly reduced interest
burden and a higher effective tax rate produced earnings per share of EUR
0.05 (previous year EUR 0.11).
The subdued start to the current financial year for the German heating
market, the continuing difficult environment for climate control and CHP
business plus a number of weak international markets such as France and
Spain had a negative effect. On the other hand the Europe-wide trend
towards condensing boiler technology, the steady business performance in
the Netherlands and growth for new products served as positive drivers in
the first quarter of the year.
CENTROTEC confirms its forecast and anticipates moderate growth in revenue
and earnings for 2016. For the full year, revenue is expected to reach EUR
550 to 570 million and the operating result 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

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10.05.2016 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,
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Media archive at www.dgap-medientreff.de and www.dgap.de

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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: 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

End of News DGAP News Service
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461805 10.05.2016