Corporate News

Brilon, February 2, 2018: CENTROTEC Sustainable AG, Brilon, generated revenue of EUR 594 million in the 2017 financial year (unaudited, previous year EUR 575.5 million). The forecast range of EUR 575 to 600 million was therefore reached. The indications are that the operating result (EBIT) will equally achieve the most recent forecast range of EUR 28 to 30 million.
CENTROTEC plans further organic growth for the financial year in progress of 2018 and expects to generate revenue of EUR 600 to 620 million. The company anticipates a stabilisation of the sales performance in German core business, further growth on international sales markets and a stable regulatory framework. Whereas first-quarter earnings are forecast to be down on the previous year, the company expects EBIT for the year as a whole to rise slightly to EUR 30 to 32 million.
The audited financial statements and Annual Report for the 2017 financial year will be published on March 28, 2018.

The third quarter of 2017 saw revenue for the CENTROTEC Group rise by 1.8% to EUR 154.6 million (previous year EUR 151.9 million). Cumulatively over the first nine months of the financial year, this metric grew by 3.0% to EUR 428.4 million (previous year EUR 415.7 million). All three segments contributed to this growth, both in the quarter in question and over the year to date. The operating result (EBIT) for the third quarter of EUR 13.4 million was 8.8% down on the prior-year figure of EUR 14.6 million. In the first nine months of the current financial year, EBIT came to EUR 19.2 million, and was therefore 17.3% lower than in the previous year (EUR 23.2 million). Earnings per share (EPS) for the third quarter of 2017 amounted to EUR 0.49 (previous year EUR 0.55), and to EUR 0.62 for the first nine months of 2017 (previous year EUR 0.78).

Brilon, August 31, 2017: CENTROTEC Sustainable AG has successfully completed the placement of its unsecured promissory note loan with a total volume of EUR 90 million. Bayerische Landesbank is the arranger.

The issue volume is made up of two fixed-interest and two variable tranches with maturities of seven and ten years.

CENTROTEC has thus been able to use the current low interest rates to secure long-term financing on attractive terms. The funds are earmarked for general refinancing and corporate development.

Brilon, August 10, 2017: In the first half of the 2017 financial year the CENTROTEC Group increased its revenue by 3.8 % to EUR 273.8 million (previous year EUR 263.9 million). This growth is based on the positive development in the international markets throughout the entire first half despite a comparatively weak second quarter, which had three workdays less than in the previous year. Based on the high expenditure for business expansion, the operating result was lower than in the previous year with EBITDA totalling EUR 18.0 million and EBIT amounting to EUR 5.8 million (previous year EUR 20.3 million and EUR 8.6 million). Improvements in net interest and an effective tax rate at the previous year’s level led to earnings per share (EPS) of EUR 0.12 (previous year EUR 0.23).

Brilon, July 11, 2017: CENTROTEC Sustainable AG has today appointed Bayerische Landesbank with the task of putting an unsecured promissory note loan on the market. In making this move, the company would like to use the current low interest rates to secure long-term funds for its general refinancing and corporate development. No plans to finance a specific transaction exist. The promissory note loan is to have a volume of at least EUR 50 million and be offered in fixed-rate and variable-rate tranches, with maturities of 7 and 10 years. The closing of the transaction is expected to be by the end of August 2017.

Brilon, May 11, 2017: The first quarter of the 2017 financial year saw the CENTROTEC Group increase its revenue by 9.2% to EUR 137.3 million (previous year EUR 125.8 million), underpinned by a healthy upturn in international business. This growth was promoted by the fact that the Easter public holidays occurred in April in 2017. The EBITDA operating result of EUR 9.8 million was 11.6% up on the prior‑year figure of EUR 8.8 million and EBIT came to EUR 3.8 million (previous year EUR 3.0 million / up 26.0%). Slight improvements in the net interest and effective tax rate pushed up earnings per share (EPS) from EUR 0.05 to EUR 0.08.

Brilon, March 30, 2017: CENTROTEC Sustainable AG, Brilon, increased its revenue by 4.7% in the 2016 financial year to EUR 575.5 million (previous year EUR 549.8 million). The operating result (EBIT) rose by 8.5% to EUR 34.8 million (previous year EUR 32.1 million) despite extensive investment spending e.g. on internationalisation. Earnings per share (EPS) were increased to EUR 1.21 (previous year EUR 1.18). In a reflection of this development and the further improved financial structure, a renewed increase in the dividend to EUR 0.30 (previous year EUR 0.25) is planned.

Brilon, January 31, 2017: CENTROTEC Sustainable AG, Brilon, earned revenue of EUR 575 million in the 2016 financial year (unaudited, previous year EUR 549.8 million). The forecast of EUR 550 to 570 million was therefore slightly exceeded. In addition, based on provisional unaudited calculations of the operating result (EBIT), the upper end of the forecast range of EUR 32 to 35 million has been achieved.

For the 2017 financial year, CENTROTEC expects the organic growth of the past three years to continue and anticipates revenue of EUR 575 to 600 million. This year, we will invest disproportionately in the areas of development, service and international sales in order to establish a basis for sustained improvements in revenue and earnings.

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.

Brilon, August 11, 2016: The first half of 2016 year saw the CENTROTEC Group increase its revenue by 6.2 % to EUR 263.9 million (previous year EUR 248.5 million). Organic growth, to which all three corporate segments contributed, amounted to 3.0 percent. Growth was slightly stronger in the second quarter than in the opening three months of the year. The first-half operating result at EBITDA level was up 2.7 % at EUR 20.3 million (previous year EUR 19.8 million). As a result of slightly higher depreciation and amortisation, EBIT was up 1.5 % at EUR 8.6 million (previous year EUR 8.4 million). The elevated reference figure for the previous year as a result of positive foreign exchange effects meant that the group’s earnings growth was generated in the second quarter. Constant net interest and a slightly lower effective tax rate led to first-half earnings per share of EUR 0.23 (previous year EUR 0.23).