Corporate News

Brilon, May 14, 2019: CENTROTEC Sustainable AG, Brilon, increased its consolidated revenue by 5.6% to EUR 147.2 million (previous year EUR 139.4 million) in the first three months of the current financial year, following growth in all three operating segments. On this basis, the operating result (EBIT) was increased by 6.8% to EUR 4.1 million (previous year EUR 3.8 million). Thanks to the substantially improved financial result at the reporting date, among other factors, earnings per share (EPS) climbed to EUR 0.26 (previous year EUR 0.05).

Brilon, May 6, 2019: CENTROTEC Sustainable AG has, via its subsidiary Holmak HEATX B.V. with registered office in Staphorst (NL), acquired the production assets for the manufacturing of counterflow heat exchangers from Klingenburg GmbH with registered office in Gladbeck (DE). Klingenburg will focus in future on manufacturing rotary heat exchangers in Gladbeck. With this takeover, Holmak is adding the entire range of aluminium and plastic counterflow heat exchangers previously supplied by Klingenburg to its product portfolio. This transaction will increase the production capacity of Holmak production plants by 50 percent. The move should result in an increase in Holmak’s revenue in the low single digit millions in the current year, then in the medium single digit millions from next year. The plans envisage the first facilities going into operation at the Holmak locations within the third quarter of 2019.

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.

Brilon, February 6, 2019: CENTROTEC Sustainable AG, Brilon, generated revenue of EUR 615 million in the 2018 financial year (unaudited, previous year EUR 594.5 million). As clarified in-year, this was therefore towards the upper end of the forecast range of EUR 600 to 620 million. The indications are that the operating result (EBIT) will be at the lower end of the forecast range of EUR 30 to 32 million, as expected. The negative trend in the financial result continued in the fourth quarter, in a reflection of market conditions.

Brilon, November 14, 2018: CENTROTEC Sustainable AG, Brilon, achieved revenue growth of 4.2% in the third quarter of 2018, taking it to a total of EUR 161.1 million (previous year EUR 154.6 million). In the first nine months of the current year, revenue consequently climbed by 4.4% to EUR 447.4 million (previous year EUR 428.4 million). The consolidated operating profit (EBIT) in Q3 came to EUR 11.5 million and was down 13.8% on the prior-year figure (previous year EUR 13.4 million), as was the cumulative result (EBIT), which declined by 3.3% to EUR 18.5 million (previous year EUR 19.2 million). Earnings per share (EPS) amounted to EUR 0.44 (previous year EUR 0.49) in the third quarter and EUR 0.50 (previous year EUR 0.62) over the year to date.

Brilon, August 10, 2018: CENTROTEC Sustainable AG, Brilon, registered a rise in revenue of 4.6% supported by growth in all segments in the first half of 2018, taking the total to EUR 286.4 million (previous year EUR 273.8 million). The consolidated operating result (EBIT) of EUR 7.0 million was likewise up on the prior-year figure of EUR 5.8 million. Earnings per share (EPS) came to EUR 0.06 (previous year EUR 0.12), reflecting the reduced financial result.

Brilon, Germany, June 14, 2018 – The voluntary public share buyback offer of Centrotec Sustainable AG (ISIN DE0005407506 / WKN 540750) against payment of an offer price in the amount of EUR 14,40 per no-par value share for a purchase of up to 1,764,652 shares of the Company, published on May 11, 2018 is expected to have been accepted for a number of approximately 4,534,841 shares and therefore substantially over-subscribed.

According to the terms and conditions of the public share buyback offer the over-subscribed shares tendered will be considered proportionally, that is in relation to the total number of shares tendered. The allocation ratio is expected to be approximately 38.91%.

Brilon, Germany, June 14, 2018 – The voluntary public share buyback offer of Centrotec Sustainable AG (ISIN DE0005407506 / WKN 540750) against payment of an offer price in the amount of EUR 14,40 per no-par value share for a purchase of up to 1,764,652 shares of the Company, published on May 11, 2018 is expected to have been accepted for a number of approximately 4,534,841 shares and therefore substantially over-subscribed.

According to the terms and conditions of the public share buyback offer the over-subscribed shares tendered will be considered proportionally, that is in relation to the total number of shares tendered. The allocation ratio is expected to be approximately 38.91%.

Brilon, July 4, 2018: By resolution of June 29, 2018 the competent court of registry in Arnsberg has appointed Mr Andreas Freiherr von Maltzan to the Supervisory Board with effect from July 1, 2018 and until the next Annual General Meeting in the place of the Supervisory Board member Dr Bernhard-R Heiss, who resigned with effect from June 30, 2018 on health grounds.

Dr Heiss had belonged to the Supervisory Board ever since the company went public in 1998. Thanks to his committed service and profound specialist knowledge, Dr Heiss made frequent decisive contributions to vital issues. We wish Dr Heiss a swift recovery and a speedy return to health.

Brilon, May 14, 2018: CENTROTEC Sustainable AG, Brilon, increased its revenue by 1.5% to EUR 139.4 million (previous year EUR 137.3 million) in the first quarter of 2018 thanks to growth in the Gas Flue Systems and Medical Technologies & Engineering Plastics segments. The consolidated operating result (EBIT) was unchanged from the previous year’s level at EUR 3.8 million. Earnings per share (EPS) came to EUR 0.05 (previous year EUR 0.08).