EANS-Adhoc: BWT Aktiengesellschaft BWT reports first half-year figures
BWT remains on a solid growth path
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6-month report
10.08.2012
"The first half-year was generally marked by a weakening economy in Europa
whereas we grew revenues by almost 5% and proceeded with our large investment
programme", says Andreas Weissenbacher, CEO of the BWT Group, about the results
after the first six months 2012.
Consolidated revenues rose from EUR243.5 million by 3.4% to EUR251.7 million. On
a like-for-like basis (excluding Zeta sold last year), revenues increased by
4.9%. Point of Use products posted revenue growth of 20.1%, increasing their
share in consolidated revenues to 8.2% (previous year: 7.0%). The higher
advertising expenses for the establishment of the "BWT" brand as the leading
international "water brand" and increased personnel expenses, primarily in
connection with the expansion of Point of Use business, compensated the higher
gross margin from the revenues growth. In the first half of the year, EBIT
declined by 0.5% from EUR17.0 million to EUR16.9 million. The EBIT margin was
6.7% of revenues.
Consolidated net earnings after minority interests were EUR7.1 million in the
second quarter, only slightly less than the previous year's figure of EUR7.2
million. Cumulated after six months, EUR11.5 million was achieved as against
EUR10.8 million in the previous year. As of 30 June 2012, earnings per share
were EUR0.68, 7.1% higher than in the previous year, when EUR0.64 per share was
generated.
As at 30 June 2012, the BWT Group's balance sheet shows equity of EUR169.3
million, i.e. 48.2% of the balance sheet total. Despite the high level of
investing activities, the BWT Group's net debt increased only slightly from
EUR26.1 million in June of the previous year to EUR27.5 million, while gearing
(net financial liabilities to equity ratio) has remained the same at 16.2%.
Outlook
On the basis of the current economic environment and the results in the first
half of the year, the BWT Group's target remains to increase consolidated
revenues to EUR500 million in 2012 and to achieve the previous year's
consolidated earnings of approximately EUR14 million again.
The first half-year financial report is available on our homepage
www.bwt-group.com in section "Investor".
Further inquiry note:
BWT Aktiengesellschaft
Mag. Ralf Burchert
ralf.burchert@bwt-group.com
Tel.: 06232/5011-1113
end of announcement euro adhoc
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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