Corporate News

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, 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).

Brilon, May 10, 2016: In the first three months of the 2016 financial year the CENTROTEC Group increased its revenue by 4.0 % to EUR 125.8 million (previous year EUR 120.9 million). All three segments contributed towards this growth. Organic growth came to 0.9 %. The operating result (EBITDA) for the group of EUR 8.8 million was 10 % below the elevated prior-year figure (EUR 9.8 million), which had included EUR 1.3 million from foreign exchange gains. The slight increase in depreciation and amortisation produced an EBIT at group level of EUR 3.0 million (previous year EUR 4.2 million). Organically and before foreign exchange effects, EBIT came to EUR 2.7 million (previous year EUR 2.9 million). A slightly reduced interest burden and a higher effective tax rate produced earnings per share of EUR 0.05 (previous year EUR 0.11).

Brilon, March 22, 2016: CENTROTEC Sustainable AG, Brilon, increased its revenue by 3.6 % in the 2015 financial year, taking the total to EUR 549.8 million (previous year EUR 530.5 million). The operating result (EBIT) rose by the same rate to EUR 32.1 million (previous year EUR 31.0 million). The reduced interest expense and a lower effective tax rate yielded improved earnings per share (EPS) of EUR 1.18 (previous year EUR 1.00). The shareholders are to participate in this development and in the further-improved financial structure through an increased dividend of EUR 0.25 (previous year EUR 0.20).

Brilon, January 28, 2016: CENTROTEC Sustainable AG, Brilon, generated revenue of EUR 548 million in the 2015 financial year (unaudited, previous year EUR 530.5 million). This slightly betters the most recent forecast of a corridor of EUR 540 to 545 million. Based on the provisional unaudited calculations, the prior-year level of the operating result (EBIT) of EUR 31.0 million will likewise be just exceeded.

CENTROTEC expects the mild growth trend to continue in the 2016 financial year. A steady development in the core market Germany and growth in most international markets in Europe are taking shape. We base this forecast on a fundamentally positive development of the overall economic and regulatory environment. The development in energy prices is difficult to forecast.