CENTROTEC SUSTAINABLE AG (FRA:CEV) CENTROTEC Sustainable AG: CENTROTEC upgrades earnings forecast again

Directive transparence : information réglementée

06/10/2010 07:34
CENTROTEC Sustainable AG / Key word(s): Change in Forecast 06.10.2010 07:34 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Ad hoc announcement acc. to Section 15 of German Securities Trading Law (WpHG) CENTROTEC upgrades earnings forecast again Brilon, October 6, 2010 - CENTROTEC Sustainable AG is increasing its full-year EBIT forecast for 2010 to EUR 36-37 million (from a previous EUR 30-32 million) and its earnings per share (EPS) forecast to EUR 1.50-1.60 (from a previous EUR 1.30-1.40). Positive business progress continued across all areas of the company in the third quarter that has just ended. Thanks to the outstanding market position of the CENTROTEC companies, the competitive product range of integrated system solutions for saving energy in buildings and the increasing focus on renewable energy, it again succeeded in increasing its market share in its core markets. Revenue was boosted from the already healthy level of the prior-year quarter, and the operating result (EBIT) rose much more steeply. CENTROTEC has succeeded in maintaining its profitable growth in the 2010 financial year despite the protracted difficulties of the wider economic environment, especially in the new-build sector, and has consequently been easily outperforming the market and its main competitors for some years now. Thanks to this extremely strong market position and its growing profitability, the CENTROTEC Group will continue to perform well above the average in the internationally very important growth market for energy efficiency solutions in buildings. The group anticipates revenue in the region of EUR 480 to 500 million for 2010. Following the upgrading of the operating result (EBIT) forecast to EUR 36-37 million, it appears to be on course for its best operating margin since the takeover of Wolf. On this basis, earnings per share (EPS) will be increased yet again to EUR 1.50-1.60, following a previous upward revision in the original annual forecast half way through the year from EUR 1.10-1.20 to EUR 1.30-1.40. 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 energy-saving solutions for buildings and solar thermal systems. 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 06.10.2010 07:34 DGAP's 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 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 Hamburg, München, Düsseldorf, Berlin, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------