EANS-Adhoc: BWT Aktiengesellschaft
BWT - preliminary results 2010
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Company Information
25.02.2011
Sales +15.0% to EUR 460.7 million EBIT +17.4% to EUR 31.5 million Earnings per share 1.32 EUR after 1.32 EUR before Dividend proposal EUR 0.40
The earnings target of BWT Group in the year 2010 to compensate for the extraordinary gain of EUR 4.5 million from the sale of a participation realized in 2009 by considerably increasing EBIT was met. In the year 2010, consolidated Group sales of BWT grew by 15.0% to EUR 460.7 million. The new pharma companies, BWT UK and the Point-of-Use (PoU) business particularly contributed to overall growth, PoU now accounting for 6.3% of Group sales. EBIT rose by 17.4% to EUR 31.5 million. Earnings before taxes were EUR 31.3 million in 2010 exceeding last year´s figure of EUR 31.2 million by 2.9%. Due to higher taxes on earnings, net income decreased by 1.1% from EUR 23.1 million to EUR 22.8 million. Earnings per share remained unchanged at EUR 1.32.
Gearing (net debt related to equity) has improved from 11.7% to 6.0% as has the equity ratio from 48.5% to 51.0%. Due to the good net result and the solid balance sheet situation and despite the big investment programme, the Management Board plans to propose the Annual General Meeting to pay an unchanged dividend of EUR 0.40 per share.
The final figures as well as the annual financial report will be disclosed on 1/4/2011.
end of announcement euro adhoc --------------------------------------------------------------------------------
Further inquiry note:
BWT Aktiengesellschaft
Mag. Ralf Burchert
ralf.burchert@bwt-group.com
Tel.: 06232/5011-1113
Branche: Water Supply
ISIN: AT0000737705
WKN: 884042
Index: ATX Prime
Börsen: Wien / official market
Original content of: BWT AG, transmitted by news aktuell