DGAP-Adhoc: CENTROTEC Sustainable AG: CENTROTEC fully achieves upgraded 2010 forecast - continuing revenue and earnings growth in 2011

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

25.01.2011 07:25

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Brilon, January 25, 2011 - Based on provisional, unaudited figures
CENTROTEC Sustainable AG, Brilon, fully achieved the forecast for the 2010
financial year that was upgraded several times in the course of that year.
Revenue will reach EUR 480 million and therefore lie within the bandwidth
of EUR 480 to 500 million as forecast at the start of the year. The
operating result (EBIT) will be up by around one-quarter and consequently
fully reach the forecast that was revised upwards in-year to EUR 36 to 37
million (original forecast EUR 30 to 32 million, previous year EUR 29
million). Earnings per share (EPS), too, are fully within the forecast
range of EUR 1.50 to 1.60 that was upgraded twice during the year (from
originally EUR 1.10 to 1.20). This growth in revenue and earnings stems
from the positive development of all areas of the group, but particularly
from increased shares of the German heating market and the substantial
recovery of export business. Furthermore, the highly competitive product
range of energy-saving solutions for buildings, further advances in
consolidating the strong market position and the group-wide efficiency
enhancement programmes have been major factors in producing an
overproportional rise in the operating result.

Forecast for 2011
For 2011, CENTROTEC believes that the market prospects for energy-efficient
heating, climate control and ventilation technology and for integrated
solutions for the use of renewables in buildings remain very bright,
coupled with a continuing recovery in the economy as a whole. The newly
launched products and the innovations in the pipeline for 2011 as well as
the group companies' outstanding sales and market position are expected to
push revenue up to EUR 520 to 535 million (+ 8 % compared with previous
year's lower threshold). The major factors at work here are the continuing
high energy prices that will rise further in the medium term, increasing
regulation in the sphere of climate protection and a lingering need to
modernise heating systems particularly in Germany. 2011 earnings are likely
to be reduced by further rises in raw material prices, which the ongoing
optimisation programmes in all areas of the company seek to address. On
this basis, CENTROTEC is planning a further substantial rise in EBIT for
2011 to EUR 40 to 42 million (+ 11 % compared with previous year's lower
threshold). Working on the basis that the investment result will remain
healthy, earnings per share (EPS) will likewise be up on the previous year
at EUR 1.70 to 1.80 (+ 13 % compared with previous year's lower threshold).
A detailed forecast, with a breakdown by segment, will be published
together with the audited annual accounts at the Annual Press Conference on
March 29, 2011.

 CENTROTEC Sustainable AG

CENTROTEC Sustainable AG and its subsidiaries enjoy a presence in over 50
different countries. The principal group companies are Wolf Heiztechnik,
Brink Climate Systems and Ned Air in the Climate Systems segment, which
have specialised in heating, climate control and ventilation technology
e.g. in the form of solar thermal systems, heat pumps, CHP units, climate
control and ventilation systems with heat recovery for residential and
commercial buildings, as well as Ubbink and Centrotherm, which have focused
on plastic gas flue and air ducting systems and solar system components in
the Gas Flue Systems segment. CENTROTEC is consequently Europe's only
listed full-service provider of 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 am Main
Indices: SDAX, DAXplus Family, Prime All Share, Prime Industrial

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
98280-30


25.01.2011 DGAP's Distribution Services include Regulatory Announcements, 
Financial/Corporate News and Press Releases. 
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Language:     English
Company:      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:      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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