EANS-News: BWT Aktiengesellschaft
BWT reports on the first three quarters 2013
Investments and brand building are continuing
-------------------------------------------------------------------------------- Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- quarterly report Mondsee (euro adhoc) - - Revenues +1.4% to EUR 385.3 million - EBIT -6.1% to EUR 19.3 million - Net earnings EUR 10.8 million after EUR 13.8 million - Outlook on the full year 2013: revenues roughly EUR 500 million, net earnings roughly EUR 10 million. Mondsee, 8 November 2013. "Our investment programme at the sites of Mondsee and Bietigheim-Bissingen in Germany as well as growth in Point of Use and brand building with end consumers set their mark on the first nine months of the year. The BWT Gourmet table water filter that mineralizes tap water with the mineral Magnesium for excellent taste and new filter products in the professional segment for catering, hotel and vending customers play a major role in this context. In addition, we started the biggest advertising campain for Point of Entry water technology products ever in Austria. Taken together, we managed to compensate weaker market development involving also reductions of capacity with other areas", says Andreas Weissenbacher, CEO of BWT AG about the first three quarters of the year 2013. As at the end of September, BWT increased its consolidated revenues by 1.4% from EUR380.0 million to EUR385.3 million. With a comparable Group structure (a plant engineering company in Ireland was sold in the first quarter), revenues growth would have been 2.4%. Higher growth of 16.9% to EUR 36.1 million was achieved in the Point of Use operations representing a share of total sales of 9.4% (against 8.1% last year). Costs incurred for expansion of the Point of Use product area and the weak order situation in the Municipal Plant Engineering product segment, together with restructuring measures that are required in this segment as a result of this, led to a decline in EBIT from EUR3.7 million to EUR3.2 million in the third quarter. On a cumulative basis after the first nine months, the BWT Group generated EBIT of EUR19.3 million, down 6.1% on the previous year (EUR20.6 million). After nine months, net profit for the period after non-controlling interests amounted to EUR10.8 million, which equates to a decrease of EUR3 million on the previous year's figure. Earnings per share came to EUR0.64 in the first three quarters of the year, compared with EUR0.82 in the previous year. Outlook Andreas Weissenbacher: "The new production facitlities in Mondsee and at the new site in Germany will be completed in beginning of 2014. Also brand building is proceeding according to plan, at the same time we are continuously optimizing our Point of Entry business; Strategic measures to optimise and streamline the Group's locations and product portfolio will also impact planned consolidated earnings for 2013. The Management Board therefore expects consolidated revenues for the current financial year to remain unchanged compared with the previous year at just over EUR500 million and net profit for the year of around EUR10 million." The full Third Quarter Report is available on our homepage: http://www.bwt-group.com/en/investors/download/Pages/quarterly-reports.aspx 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 Auction stockmarkets: official market: Wien language: English
Original-Content von: BWT AG, übermittelt durch news aktuell