SW Umwelttechnik Stoiser & Wolschner AG
EANS-Adhoc: SW Umwelttechnik Stoiser & Wolschner AG
Bright start to 2009 for
SW Umwelttechnik - major orders in Eastern, Southeastern Europe
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
16.03.2009
* EUR1.5 million (m) initial order for jacking pipes in Romania * EUR1.0m order for power masts in Hungary * Positive outlook thanks to order backlog of EUR41m as at 28 February 2009
SW Umwelttechnik - a Vienna listed family firm with its core markets in Central and Southeastern Europe (CSE) - has recorded a further increase in order books. The environmental technology group's Water Conservation business sector has won further major contracts in its core Austrian, Hungarian and Romanian markets. And despite weak construction activity in Hungary, the Infrastructure sector has booked project orders. Meanwhile SW Umwelttechnik has again increased its share of the Romanian market in recent months.
The need to meet EU environmental standards is leading to rapid upgrading of Romania's water supply and wastewater disposal infrastructure. SW Umwelttechnik has won a EUR1.5m order to supply 3 km of jacking pipes and about 1,000 manholes for a sewerage project in Baneasa, a suburb of Bucharest. Work is due to begin at once and is expected to be completed towards the end of 2010.
The Infrastructure sector has booked a EUR0.8m order related to modernisation of the railway network. SW Umwelttechnik will supply a drainage system for the Campina-Predeal section of the Bucharest-Brasov line. And despite the harsh economic backdrop in Hungary the Infrastructure sector is also executing two new projects there. SW Umwelttechnik has won an EUR1m order from E.ON to supply electricity masts for a project due for completion in May 2010. And the industrial and commercial building segment of the market came to life with a EUR0.3m order for a shopping centre and multi-storey car park in Debrecen.
At the end of February order backlog was a satisfactory EUR41m compared with EUR45 a year earlier. Romania was already the largest market, accounting for 45% of the total, followed by Hungary (33%) and Austria (unchanged at 10%). Due to growing municipal investment in infrastructure, which is also set for a boost from planned stimulus packages, SW Umwelttechnik is looking for a stable financial performance this year.
Founded in 1910, SW Umwelttechnik remains a family business, though it has been listed on the Vienna Stock Exchange since 1997. The group is known for its commitment to sustainable enterprise and rapid expansion in Central and Southeastern Europe (CSE). Its innovative environmental engineering products are contributing to infrastructure renewal in CSE.
end of announcement euro adhoc
Further inquiry note:
Dr. Bernd Wolschner
Member of the Management Board
Tel: +43 (0)7259 31350
Fax: +43 (0)463 37667
Michaela Werbitsch
Investor Relations
Tel: +43 (0)664 8117662
Fax: +43 (0)463 37667
E-mail: michaela.werbitsch@sw-umwelttechnik.com
Web: www.sw-umwelttechnik.com
Branche: Technology
ISIN: AT0000808209
WKN: 910497
Index: WBI
Börsen: Börse Berlin / free trade
Börse Frankfurt / free trade
Wiener Börse AG / Regulated free trade