CENTROTEC maintains organic revenue growth – core business strong – EPS suffers from investment result
Brilon, August 11, 2011: the SDAX-listed company CENTROTEC Sustainable AG achieved organic growth of 7.7 % in the first half of 2011 and posted another revenue record of EUR 234.3 million (previous year EUR 217.7 million). The core segment Climate Systems served as the bedrock of this steady corporate development, with its revenue growing disproportionately by 11.7 % to EUR 161.4 million (previous year EUR 144.5 million). The smallest segment, Medical Technology & Engineering Plastics, was yet again the fastest-growing area with revenue up 23.4 % to EUR 21.1 million (previous year EUR 17.1 million). Equally, core business in the Gas Flue Systems segment made positive progress but this was insufficient to counterbalance the sharp downturn in certain peripheral areas, such as in due to short term regulatrory changes specifically weak solar components business in France; the net result was therefore a 7.5 % fall in revenue to EUR 51.8 million compared with the very strong prior-year revenue of EUR 56.0 million. In the second half of the year growth is expected in this segment.