DGAP-News: CENTROTEC Sustainable AG / Key word(s): Half Year Results
Brilon, August 14, 2019: CENTROTEC Sustainable AG, Brilon, increased its revenue for the first half of 2019 by 4.7% to EUR 299.7 million (previous year EUR 286.4 million). All three segments enjoyed revenue growth. The biggest increase was achieved by the Climate Systems segment. The operating result (EBIT) for the Group was improved by 15.6% to EUR 8.1 million (previous year EUR 7.0 million), bearing in mind that the first half is typically weaker in this industry. Earnings per share (EPS) rose to EUR 0.43 (previous year EUR 0.06), supported by the much-improved financial result at the balance sheet date compared with the weak previous year.
This growth was achieved against the backdrop of initial identifiable effects of an economic slowdown. No reliable estimate can be made yet of how far the weakening economy is already adversely affecting the propensity to invest in modernisation measures, and therefore the sales market performance in the forthcoming heating season. On the other hand the emerging public debate on climate policy, such as the recent discussion of scrappage bonuses for oil heating systems, is very likely to unsettle those looking to update their systems and therefore to seriously undermine the German sales market in the autumn. The positive performance in the first half of 2019 nevertheless enables us to confirm the revenue and earnings growth expected for the year as a whole, to EUR 620 to 640 million and EUR 31 to 33 million respectively.
CENTROTEC Sustainable AG
CENTROTEC Sustainable AG, Am Patbergschen Dorn 9, D-59929 Brilon, Germany
14.08.2019 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|
|EQS News ID:||857261|
|End of News||DGAP News Service|