EANS-Adhoc: BWT Aktiengesellschaft
Preliminary results 2011 - Revenue target
met, earnings affected by brand building
-------------------------------------------------------------------------------- ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- Company Information 13.02.2012 Revenues +3.9% to EUR 478.8 million EBIT -32% to EUR 21.5 million Earnings per share EUR 0.80 after EUR 1.32 before Dividend proposed at EUR 0.28 per share Mondsee, February 13th, 2012. In the year 2011, reporting preliminary figures, BWT Group achieved revenues of EUR 478.8 million, 3.9% more than in 2010 (EUR 460.7 million). On a constant consolidation basis, revenue growth was 8.9%. Group EBIT amounts to EUR 21.5 million (previous year: EUR 31.5 million). The decline of earnings is mainly due to the investment programme started in 2011, comprising spending for the further expansion of the Point of use segment as well as costs associated with the launch of the "BWT" brand. Net attributale income will be at EUR 13.5 million compared to EUR 22.7 million in the year before, as a result, earnings per share amounts to EUR 0.80 Euro (previous year: EUR 1.32). At the end of 2011, despite high investments, gearing (net debt related to equity) will be below 15% as in the years before, and the ratio of equity significantly higher than 45%. Due to the considerable investments planned and the lower earnings, the Management Board will propose the upcoming Annual General Meeting a dividend of EUR 0.28 per share (previous year: EUR 0.40). Outlook The consumer strategy and the launch of the brand "BWT - For You and Planet Blue" as the leading "water brand" and the expansion investments for development, production and logistics capacities in the Point of use-product segment at the site in Mondsee are the foundation of growth planned for the next years. The strong balance sheet of the Group and unique technologies like the Mg2+ technology for best mineralised, good tasting water, represent the best basis and precondition for a successful implementation. For 2012, we expect higher revenues, but as a result of increasing advertisement costs and financing costs earnings to be almost unchanged. Final results will be disclosed on March 26th, 2012. Further inquiry note: BWT Aktiengesellschaft Mag. Ralf Burchert ralf.burchert@bwt-group.com Tel.: 06232/5011-1113 end of announcement euro adhoc -------------------------------------------------------------------------------- issuer: BWT Aktiengesellschaft Walter-Simmer-Str. 4 A-5310 Mondsee phone: 06232/5011-0 FAX: 06232/4058 mail: office@bwt.at WWW: www.bwt-group.com sector: Water Supply ISIN: AT0000737705 indexes: ATX Prime stockmarkets: official market: Wien language: English
Original content of: BWT AG, transmitted by news aktuell