Corporate News

CENTROTEC confirms the full-year forecast following on-track revenue and earnings growth in first half

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.

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Public share buyback offer of Centrotec Sustainable AG successfully completed

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%.

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Public share buyback offer of Centrotec Sustainable AG successfully completed

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%.

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Andreas Freiherr von Maltzan appointed to Supervisory Board

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.

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CENTROTEC confirms full-year forecast after on-track quarterly result

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).

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Centrotec Sustainable AG resolves on public share buyback offer for up to 1,764,652 shares

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. OTHER RESTRICTIONS ARE APPLICABLE. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THE RELEASE.

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 Sustainable AG resolves on public share buyback offer for up to 1,764,652 shares

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. OTHER RESTRICTIONS ARE APPLICABLE. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THE RELEASE.

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

Centrotec Sustainable AG resolves on public share buyback offer for up to 1,764,652 shares

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CENTROTEC reports positive development in 2017 above all internationally and forecasts further growth for 2018

Brilon, March 28, 2018: CENTROTEC Sustainable AG, Brilon, increased its consolidated revenue by 3.3% in the 2017 financial year on the basis of a good performance in the Gas Flue Systems and Medical Technologies & Engineering Plastics segments, to a total of EUR 594.2 million (previous year EUR 575.5 million). The operating result (EBIT) declined by 15.8% to EUR 29.3 million (previous year EUR 34.8 million) among other reasons because of the weak performance of German heating business. Earnings per share (EPS) came to EUR 1.13 (previous year EUR 1.21), on which basis the company plans to pay an unchanged dividend of EUR 0.30 compared with the previous year.

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Bernhard Pawlik becomes third Management Board member of CENTROTEC

Brilon, March 28, 2018: The Supervisory Board of CENTROTEC Sustainable AG has appointed Bernhard Pawlik (51) as the third member of the company’s Management Board with effect from April 1, 2018. On the board, Mr Pawlik will assume responsibility for the Gas Flue Systems area, which he has been involved in managing since 2014.

Before joining the CENTROTEC Group, the Industrial Engineering graduate gained many years of experience in various international management roles in the automotive supply and photovoltaic industries, including at Autoliv and Centrosolar. He focused strongly on the areas of project management, purchasing, production and quality.

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CENTROTEC growing internationally; slight earnings growth forecast for 2018

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.

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