EANS-Adhoc: BWT Aktiengesellschaft BWT grows sales by 8% in the second quarter
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announcement.
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6-month report
05.08.2011
"The second quarter was marked by the launch of the brand BWT with end consumers
and ongoing capital investment. The successful start of our table water filter
campagin on TV, in print media and online in Germany and Austria was the
highlight concluding the second quarter", says Andreas Weißenbacher, CEO der BWT
- Best Water Technology Group.
The BWT Group´s consolidated revenues rose by 8.1% in the second quarter and by
5.7% in the first half of the year from EUR230.4 million to EUR243.5 million. On
a cumulative basis, the Point-of-Use products achieved a revenues upturn of
almost 22%; in the second quarter, gains in revenues surged by 39.4%, accounting
for approximately 7% of the Group´s consolidated revenues. With the increased
advertising expenditure for the market launch of the new BWT magnesium table
water filter setting in, as expected, earnings decreased in Q2. The increased
advertising will also serve to boost the expansion of the BWT brand name as THE
leading international "water brand" in the long term.
Cumulative EBIT decreased by 11.7% overall in the first half of the year from
EUR19.2 million to EUR17.0 million. Earnings before taxes came to EUR15.5
million in the first half of the year (2010: EUR18.9 million), and EUR10.4
million in the second quarter (2010: EUR11.3 million). The Group´s consolidated
net earnings after minority interests amounted to EUR7.2 million for Q2 (2010:
EUR9.0 million) and EUR10.8 million overall for the first six months of the year
(2010: EUR14.5 million). Earnings per share were EUR0.64 as at 30 June, against
EUR0.84 in 2010.
Investment activities saw a substantial increase in 2011 and EUR10.6 million has
already been invested in fixed assets (2010: EUR4.2 million). The expansion of
the production, logistics and research capacity of the Mondsee site is the most
significant project. The number of employees at the BWT Group went up by 1.7%
against the previous year from 2,630 to 2,676 at 30 June.
Outlook
Consolidated revenues for 2011 are expected to rise year-on-year to around
EUR470 million. The positive net assets and financial position enjoyed by the
BWT Group and the fact that it has substantial self-financing power form a
healthy basis for the implementation of our strategy. Andreas Weißenbacher: "The
campagin and the launch of our brand constitute the foundation of our market
success over the next years. Extensions are planned for further countries apart
from Austria and Germany, as we take a flexible approach accounting for the
local market development."
The half year financial report as at June 30th, 2011, is available on our
homepage www.bwt-group.com in section Investor Relations.
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