DGAP-News: CENTROTEC Sustainable AG / Key word(s): 9-month figures CENTROTEC Sustainable AG: CENTROTEC expects subdued second half 12.11.2015 / 07:30 --------------------------------------------------------------------- Brilon, November 12, 2015: CENTROTEC Sustainable AG, Brilon, achieved a slight 1.4 % increase in revenue in the third quarter of 2015, taking its total to EUR 148.4 million (previous year EUR 146.3 million). In the first three quarters of the current financial year revenue came to EUR 396.9 million, up 1.6 % on the prior-year figure of EUR 390.5 million. EBIT for the third quarter reached EUR 13.8 million (previous year EUR 14.7 million), and EUR 22.3 million for the first nine months of 2015 (previous year EUR 20.3 million). Sound progress for the Gas Flue Systems and Medical Technology & Engineering Plastics segments was in contrast to occasionally opposing but overall negative trends in the Climate Systems segment, on aggregate leading to a weak third-quarter revenue and profit performance from a group perspective. It can be assumed that the fundamental development of the third quarter will continue in the fourth quarter, too. While revenue for the group should top the prior-year figure, the operating result will lag behind the previous year's level. The main drivers of the anticipated earnings performance are the weak state of the market for combined heat and power units and solar thermal, along with one-off expenditure for organisational adjustments in the Climate Systems segment. On that basis, CENTROTEC anticipates revenue of EUR 540 to 545 million for 2015 overall and, as originally forecast, expects the operating result to be roughly on a par with the previous year. 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 piping 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: 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 --------------------------------------------------------------------- 12.11.2015 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- 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 Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart End of News DGAP News Service --------------------------------------------------------------------- 412131 12.11.2015
DGAP-News: CENTROTEC Sustainable AG: CENTROTEC expects subdued second half
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