DGAP-News: CENTROTEC Sustainable AG / Key word(s): Final Results
Brilon, March 28, 2018: CENTROTEC Sustainable AG, Brilon, increased its consolidated revenue by 3.3% in the 2017 financial year on the basis of a good performance in the Gas Flue Systems and Medical Technologies & Engineering Plastics segments, to a total of EUR 594.2 million (previous year EUR 575.5 million). The operating result (EBIT) declined by 15.8% to EUR 29.3 million (previous year EUR 34.8 million) among other reasons because of the weak performance of German heating business. Earnings per share (EPS) came to EUR 1.13 (previous year EUR 1.21), on which basis the company plans to pay an unchanged dividend of EUR 0.30 compared with the previous year.
CENTROTEC expects further organic revenue growth to EUR 600 to 620 million for the 2018 financial year. The strategic measures actioned in the period under review to expand primarily the international business volume sustainably will continue in 2018, but will not translate immediately into a positive contribution to earnings. Furthermore, the measures to stabilise German heating business will as announced only develop their full positive effect on earnings with some delay. The developments on the commodity markets, too, suggest that they will if anything weigh on earnings in 2018 rather than lift them. On this basis an operating result (EBIT) of EUR 30 to 32 million is expected, up only slightly on the previous year.
CENTROTEC Sustainable AG
CENTROTEC Sustainable AG, Am Patbergschen Dorn 9, D-59929 Brilon, Germany
28.03.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
|Company:||CENTROTEC Sustainable AG|
|Am Patbergschen Dorn 9|
|Phone:||+49 (0)2961 96631-0|
|Fax:||+49 (0)2961 96631-100|
|Listed:||Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange|
|End of News||DGAP News Service|