CENTROTEC paves way for further domestic and international growth
Brilon, March 28, 2019: the 2018 financial year saw CENTROTEC Sustainable AG, Brilon, increase its consolidated revenue across all three segments by 3.5 % to EUR 614.7 million (previous year EUR 594.2 million). The operating result (EBIT) rose 3.8 % to EUR 30.4 million (previous year EUR 29.3 million). Especially the Gas Flue Systems and Medical Technologies & Engineering Plastics segments delivered above-average revenue and earnings. In the Climate Systems segment, increased market shares in the German heating market as well as continued growth in the international sales markets paved the way for further revenue growth. Merely the area of combined heat and power units, which is equally part of the Climate Systems segment, featured revenue and earnings well below the prior-year figures, among other reasons because of the unclear regulatory environment. The poorer investment result at the balance sheet date caused earnings per share to fall to EUR 0.74 (previous year EUR 1.13). However thanks to the still-solid financial position, the dividend is to be kept at EUR 0.30.
Having previously stepped up its investment volume in the past financial year, CENTROTEC will maintain it at a high level in 2019 – with the focus on internationalising business activities and digitalising products and processes – in order to create a broader basis for the growth it is seeking in Germany and internationally. For the financial year in progress, organic growth is expected to lift consolidated revenue to EUR 620 to 640 million. On this basis, the CENTROTEC Group should achieve an operating result (EBIT) in the order of EUR 31 to 33 million in the 2019 financial year. By pursuing an even more conservative investment strategy, it also anticipates a significant improvement in the investment result, which would then also be reflected in a significant rise in earnings per share (EPS).
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.