DGAP-Adhoc: CENTROTEC Sustainable AG: Q3 business performance down slightly on previous year - earnings forecast adjusted

CENTROTEC Sustainable AG  / Key word(s): Preliminary Results/Profit Warning

31.10.2014 12:10

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
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Brilon, October 31, 2014: according to provisional calculations CENTROTEC
Sustainable AG, Brilon, generated revenue of EUR 146.3 million and an
operating result before interest and taxes (EBIT) of EUR 14.7 million in
the third quarter of 2014, representing a slight drop compared with the
figures for the same period of the previous year (revenue EUR 147.1
million, EBIT 15.2 million). Revenue for the first nine months of the year
came to EUR 390.5 million (previous year EUR 383.0 million), and the
operating result (EBIT) to EUR 20.3 million (previous year EUR 22.2
million).
The main reason for the subdued business performance is the general
weakening of Germany's economy, which is reflected in a noticeable slowdown
in the sales market for heating systems since the start of the third
quarter. International markets, too, are currently exhibiting no positive
momentum whatsoever: the market conditions in France, the Netherlands,
Italy and Spain remain cyclically weak. Austria and Eastern European
markets are being adversely affected by the crisis in Russia and Ukraine.
Nor is any clear change in trend expected until the end of the year.
Against this backdrop and taking account of the record result posted in the
fourth quarter of the previous year, CENTROTEC will be unable to improve on
its prior-year EBIT. For the full year, CENTROTEC now anticipates that EBIT
will lie between EUR 32 and 34 million (previously EUR 36 to 38 million).
Revenue is expected to come in at the lower end of the guidance (EUR 525 to
550 million).

CENTROTEC Sustainable AG

CENTROTEC Sustainable AG enjoys a presence in around 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


31.10.2014 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language:     English
Company:      CENTROTEC Sustainable AG
              Am Patbergschen Dorn 9
              59929 Brilon
              Germany
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, Stuttgart
 
End of Announcement                             DGAP News-Service
 
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