Corporate News

CENTROTEC SE takes over PARI Group AG

Brilon, August 24, 2020: CENTROTEC SE (ISIN DE0005407506 / WKN 540750) today concluded a purchase agreement on the acquisition of all the shares of PARI Group AG, Steinhausen, Switzerland, at a provisional purchase price of EUR 6.51 per share. The total provisional purchase price comes to EUR 43,085,068. The sellers of the shares of PARI Group AG are Mr Guido A Krass, Chairman of the Supervisory Board of CENTROTEC SE, his wife Maren Krass and their two joint children Carl and Maja Krass as well as PARI Capital AG, Zurich, Switzerland, which is controlled by Mr Guido A Krass. Mr Krass and his wife together hold more than 50% of the shares of CENTROTEC SE. The sellers are related parties within the meaning of Section 111a (1) of the German Stock Corporation Act (AktG).

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Public share buyback offer of CENTROTEC SE successfully completed

Disclosure of an inside information according to Article 17 paragraph 1 of the Regulation (EU) No. 596/2014 (Market Abuse Regulation – MAR)

Brilon, Germany, July 7, 2020 – The voluntary public share buyback offer of CENTROTEC SE (ISIN DE0005407506 / WKN 540750) against payment of an offer price in the amount of EUR 14,00 per no-par value share for a purchase of up to 1.463.093 shares of the Company, published on June 18, 2020 is expected to have been accepted for a number of approximately 2.093.760 shares and therefore over-subscribed.

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CENTROTEC SE resolves on public share buyback offer for up to 1.463.093 shares

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Disclosure of an inside information acc. to Article 17 paragraph 1 of the Regulation (EU) No. 596/2014 (Market Abuse Regulation – MAR)

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CENTROTEC SE: revenue and earnings growth in 2019; annual forecast for 2020 conditional in light of coronavirus crisis

Brilon, March 31, 2020 – The 2019 financial year saw CENTROTEC SE, Brilon, achieve 5.9% growth in consolidated revenue to EUR 651.0 million (previous year EUR 614.7 million), with all three operating segments contributing to this increase. The operating result (EBIT) for the Group rose by 8.8% to EUR 33.1 million (previous year EUR 30.4 million).

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CENTROTEC continues positive trend in revenue and earnings

Brilon, February 7, 2020: CENTROTEC SE, Brilon, generated revenue of EUR 651 million in the 2019 financial year (unaudited, previous year EUR 614.7 million). The forecast range of EUR 620 to 640 million was therefore just exceeded. As previously announced, the indications are that the operating result (EBIT) will be at the upper end of the forecast range, at around EUR 33 million (previous year EUR 30.4 million).

CENTROTEC expects further organic growth for the 2020 financial year and has plans for consolidated revenue of EUR 670 to 690 million. The company anticipates further growth in its international sales markets.

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CENTROTEC with continuing steady growth in revenue and earnings; German heating market unsettled by climate debate

Brilon, November 14, 2019: CENTROTEC Sustainable AG, Brilon, achieved a positive business performance both in the third quarter and over the year to date, with revenue growth in all three Group segments. In the third quarter, revenue rose 6.4% to EUR 171.4 million (previous year EUR 161.1 million) and the revenue figure for the first nine months of 2019 showed an increase of 5.3% to EUR 471.1 million (previous year EUR 447.4 million). The operating result (EBIT) for the Group went up by 21.4% to EUR 14.0 million (previous year EUR 11.5 million) in the quarter under review, and by 19.2% to EUR 22.1 million (previous year EUR 18.5 million) over the year to date. Earnings per share (EPS) improved to EUR 0.62 (previous year EUR 0.44) in the third quarter and EUR 1.04 (previous year EUR 0.50) in the first three quarters.

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