EANS-News: BWT Aktiengesellschaft BWT reports first quarter results increasing
investments
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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
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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