Corporate News

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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Third Quarter business performance below expectations – earnings forecast adjusted

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).

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Third Quarter business performance below expectations – earnings forecast adjusted

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).

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CENTROTEC places promissory note in the amount of EUR 90 million

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.

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CENTROTEC places promissory note in the amount of EUR 90 million

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.

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CENTROTEC confirms forecast based on first-half revenue growth

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).

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CENTROTEC Sustainable AG plans promissory note loan

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.

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CENTROTEC Sustainable AG plans promissory note loan

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.

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