DGAP-News: CENTROTEC Sustainable AG: CENTROTEC increases net earnings by 7.5 %; slight growth in revenue and earnings expected for 2014

| Source: EQS Group AG
DGAP-News: CENTROTEC Sustainable AG / Key word(s): Final
CENTROTEC Sustainable AG: CENTROTEC increases net earnings by 7.5 %;
slight growth in revenue and earnings expected for 2014

27.03.2014 / 07:30


Brilon, March 27, 2014: As already reported at the start of February,
CENTROTEC Sustainable AG, Brilon, achieved revenue of EUR 525.4 million in
the 2013 financial year (previous year EUR 533.8 million), with the
operating result (EBIT) of EUR 35.7 million showing an improvement on the
prior-year figure (EUR 35.2 million). The net result after tax (EAT)
improved by 7.5 % to EUR 24.0 million (previous year EUR 22.3 million).
This led to an increase in earnings per share (EPS) to EUR 1.40 (previous
year EUR 1.31).
Over the past year CENTROTEC has invested extensively in the expansion of
its production locations and the further development of its product
portfolio. The investment volume of EUR 32.5 million was well up on the
previous year (EUR 20.0 million). The company nevertheless succeeded in
scaling back net financial liabilities to EUR 21.9 million (previous year
EUR 27.5 million).
To enable the shareholders, too, to participate directly in this positive
development in the operating area as well as in the finances, the
Supervisory Board and Management Board will propose an increased dividend
of EUR 0.20 per share (previous year EUR 0.15) to the Shareholders'
The opening months of the current 2014 financial year have fundamentally
progressed well because of the mild winter. CENTROTEC expects a generally
favourable market environment for 2014 as a whole. Along with the
continuing sound development of the German market, there are signs of a
recovery in the general economic situation in a large number of
international markets. Nevertheless, at present it is unclear to what
extent this positive development will already affect the financial
performance of CENTROTEC in the financial year 2014. The same is true of
the changes in the regulatory framework in Germany that are currently under
discussion. Taking that into account, CENTROTEC stands by its expectation
of slight growth in revenue in earnings, and firms up its forecast for
revenue of EUR 525 to 550 million and an operating result of EUR 36 to 38
million for the full year. Provided the international political environment
remains stable, CENTROTEC believes it is in a position to achieve sustained
profitable growth by virtue of its good market position and sound financial

CENTROTEC Sustainable AG
CENTROTEC Sustainable AG enjoys a presence in over 50 different countries
through subsidiaries and sales partners. The principal group companies are
Wolf, Brink Climate Systems and Ned Air in the Climate Systems segment,
specialising in heating, climate control and ventilation technology e.g. in
the form of solar thermal systems, CHP units and home ventilation systems
with heat recovery, as well as Ubbink and Centrotherm in the Gas Flue
Systems segment, with their focus on gas flue and air ducting systems.
CENTROTEC is consequently Europe's only listed full-service provider of
heating and climate control technology, solar thermal systems and
energy-saving solutions for buildings.

CENTROTEC Sustainable AG, Am Patbergschen Dorn 9, D-59929 Brilon, Germany
ISIN: DE0005407506, WKN: 540750, home stock exchange: Frankfurt/ Main;
indices: SDAX, Prime All Share, Prime Industrial
For further information, contact:
CENTROTEC Sustainable AG, Carsten Vogt, Tel.: +49 (0)2961 96631-103 or
MetaCom GmbH, Georg Biekehör, Tel.: +49 (0)6181 98280-30

End of Corporate News


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Language:    English                                               
Company:     CENTROTEC Sustainable AG                              
             Am Patbergschen Dorn 9                                
             59929 Brilon                                          
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:     SDAX                                                  
Listed:      Regulierter Markt in Frankfurt (Prime Standard);      
             Freiverkehr in Berlin, Düsseldorf, Hamburg, München,  
End of News    DGAP News-Service  
259901 27.03.2014