DGAP-News 328 0 Kommentare CENTROTEC Sustainable AG: Revenue and earnings growth continues - full-year forecast confirmed

DGAP-News: CENTROTEC Sustainable AG / Key word(s): 9-month figures
CENTROTEC Sustainable AG: Revenue and earnings growth continues - full-year
forecast confirmed

14.11.2016 / 07:30
The issuer is solely responsible for the content of this announcement.

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- Corporate News -

Revenue and earnings growth continues
- full-year forecast confirmed

Brilon, November 14, 2016: The CENTROTEC Group maintained its organic
growth in the third quarter and increased its revenue by 2.4% compared with
the prior-year period, to EUR 151.9 million (previous year EUR 148.4
million). Taking into account the Croatian subsidiary PRO-KLIMA, which was
only included in consolidation from mid-2015, revenue for the first nine
months of the current financial year rose by 4.7% to EUR 415.7 million
(previous year EUR 396.9 million). All three segments posted higher revenue
both in the quarter under review and cumulatively for the first three
quarters.
The EBIT operating result for Q3 was up 5.9% at EUR 14.6 million (previous
year EUR 13.8 million). In the first nine months of the current year, EBIT
thus rose by 4.2% to EUR 23.2 million (previous year EUR 22.3 million).
Earnings per share (EPS) at the nine-month mark reached EUR 0.78 (previous
year EUR 0.74).
The third quarter saw a positive development in heating market
internationally, among other factors thanks to newly introduced products,
compensating for a slight downturn in Germany. The ERP Directive, which
took effect in September 2015, as well as EU notification of the German CHP
Act which only took place a few days ago resulted in a fall in business for
calorifier units and combined heat and power units over the year to date.
The solar thermal market, too, continues to decline. On the other hand
CENTROTEC was able to increase its sales of condensing boiler systems and
heat pumps. The condensing boiler system developed specifically for the
international markets made a positive contribution to revenue growth.
The forecast for the 2016 financial year is confirmed, and revenue of EUR
550 to 570 million along with EBIT of between EUR 32 and 35 million are
expected.

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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14.11.2016 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.

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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, Tradegate Exchange

End of News DGAP News Service
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520229 14.11.2016