EANS-News: BWT Aktiengesellschaft
BWT reports first quarter results increasing
investments
-------------------------------------------------------------------------------- Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- quarterly report Mondsee (euro adhoc) - Revenue: EUR 119.8 million (+0.6%) EBIT: EUR 6.0 million (-10.0%) Net income: EUR 3.6 million (-17.6%) Mondsee, 10.5.2013. In the first quarter of 2013, the BWT - Best Water Technology - Group increased its consolidated revenues by 0.6% to EUR 119.8 million. "Our strategy of brand building of BWT with the end consumer yields first benefits that allow us to increase Group revenues despite strong revenue declines in Southern Europe and Scandinavia", says Andreas Weissenbacher, CEO of the BWT Group about the first quarter 2013. Revenues in the Point of Use business rose by 14.4% this year to EUR 11.9 million, thus accounting for 9.9% of consolidated revenues (previous year: 8.7%). EBIT decreased by EUR 0.7 million to EUR 6.0 million due to greater material and staff costs. Consolidated earnings after non-controlling interests came to EUR 3.6 million in the first quarter of 2013, down 17.6% on the previous year's value of EUR 4.3 million. Earnings per share were EUR 0.21, against EUR 0.26 in the previous year. Investments in fixed assets rose from EUR 4.9 million to EUR 7.5 million in the first quarter. The most important ongoing investment project is still the expansion of production and logistics capacity for the Point of Use business at the Mondsee site. As at 31 March 2013, gearing was 22.4%, against 14.2% for the same period of the previous year and 13.7% at 31 December 2012. At the end of March 2013, the equity ratio posted in BWT's consolidated balance sheet was 45.0%, compared with 48.2% in March of the previous year and 47.7% at the end of 2012. Outlook Andreas Weißenbacher: "For the current financial year, we expect to achieve a slight increase in consolidated revenues. However, the additional costs in the Point of Use business and the difficult market situation, particularly in Southern Europe, will not allow any increase in profits in 2013." The first quarter report 2013 is available on our homepage www.bwt-group.com. Further inquiry note: BWT Aktiengesellschaft Mag. Ralf Burchert ralf.burchert@bwt-group.com Tel.: 06232/5011-1113 end of announcement euro adhoc -------------------------------------------------------------------------------- company: 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: Standard Market Continuous stockmarkets: official market: Wien language: English
Original content of: BWT AG, transmitted by news aktuell