CENTROTEC Sustainable AG / Preliminary Results/Forecast 28.01.2008 Release of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Brilon, January 28, 2008 On the basis of provisional, unaudited figures CENTROTEC Sustainable AG, Brilon, increased its revenue to around EUR 405 million in the past financial year. The company consequently reached its target, which it had adjusted upwards midway through 2007, despite a downturn of more than 25 % in the German heating market. This achievement was largely due to double-digit revenue growth in its European export markets, coupled with substantial growth in the Gas Flue Systems segment as a result of the steady rise in market penetration for condensing boiler technology. Earnings increased overproportionally. The figures are still being finalised and will be published along with the audited annual accounts on March 20, 2008. We expect that the final figures will not differ substantially from the forecast for 2007 (earnings per share EUR 1.00 - 1.05; EBIT EUR 29 to 31 million). Forecast for 2008 CENTROTEC, the only listed company in Europe that is a full range supplier of energy-saving products for residential and commercial buildings, again expects organic growth in the upper single digit range for 2008, with a corresponding rise in earnings. Revenue is expected to reach at least EUR 435 to 445 million in 2008. On the earnings side, the group is aiming to further strengthen margins yet again following the cost optimisation measures it initiated in 2007. The operating result (EBIT) for the group as a whole will be in the range of EUR 32 to 34 million. Earnings per share (EPS) are expected to be in the order of EUR 1.10 to 1.15. The current economic uncertainties have been taken into account in the forecast. The rise in revenue will be broad-based, with all business segments contributing; in the Gas Flue Systems segment international expansion, particularly in Eastern Europe and eventually also in the United States, will help to bolster growth. The German market is expected to exhibit a catch-up effect with regard to investment in new, energy-efficient heating technology. The foundations for energy-saving solutions finding increased use are therefore being laid as a result of rising energy costs and the ongoing debate about climate change. Added to this, new legislation in virtually all European countries is necessitating and promoting energy-efficient solutions in buildings. The detailed guidance, with figures for each segment, will be published together with the annual accounts at the Annual Press Conference on March 20, 2008. Additional Management Board member With effect from January 1, 2008 the Supervisory Board of CENTROTEC Sustainable AG appointed Anton Hans RA as Chief Financial Officer of the company. Anton Hans has been Vice President Finance of CENTROTEC since May 1, 2007. He is taking over as CFO from the Chief Executive Officer of CENTROTEC Sustainable AG, Dr. Gert-Jan Huisman, who has been performing both roles for the past six years but would now like to concentrate on his tasks as CEO in response to the company's continuing growth and wide-ranging future opportunities. Anton Hans previously worked as an auditor at Ernst & Young, where he was much in demand as a specialist for the preparation of IFRS accounts for companies. CENTROTEC Sustainable AG, Am Patbergschen Dorn 9, 59929 Brilon Germany ISIN: DE0005407506, WKN: 540750 Indices: Prime All Share, Prime Industrial, GEX Home stock exchange: Frankfurt am Main For further information, contact: CENTROTEC Sustainable AG Dr. Frank Rose, tel.: +49 (0) 2961 96631-104 or: MetaCom Corporate Communications GmbH Georg Biekehör, tel.: +49 (0) 6181 9828030 DGAP 28.01.2008 --------------------------------------------------------------------------- Language: English Issuer: CENTROTEC Sustainable AG Am Patbergschen Dorn 9 59929 Brilon Deutschland Phone: +49 (0)2961 96631-0 Fax: +49 (0)2961 96631-100 E-mail: ir@centrotec.de Internet: www.centrotec.de ISIN: DE0005407506 WKN: 540750 Indices: Prime Standard; GEX Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Stuttgart, München, Hamburg, Düsseldorf End of News DGAP News-Service ---------------------------------------------------------------------------
DGAP-Adhoc: CENTROTEC: forecast for 2007 on target, continuing organic growth to more than EUR 435 million expected for 2008
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