EANS-Adhoc: BWT Aktiengesellschaft Preliminary results 2011 - Revenue target
met, earnings affected by brand building
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Company Information
13.02.2012
Revenues +3.9% to EUR 478.8 million
EBIT -32% to EUR 21.5 million
Earnings per share EUR 0.80 after EUR 1.32 before
Dividend proposed at EUR 0.28 per share
Mondsee, February 13th, 2012. In the year 2011, reporting preliminary figures,
BWT Group achieved revenues of EUR 478.8 million, 3.9% more than in 2010 (EUR
460.7 million). On a constant consolidation basis, revenue growth was 8.9%.
Group EBIT amounts to EUR 21.5 million (previous year: EUR 31.5 million). The
decline of earnings is mainly due to the investment programme started in 2011,
comprising spending for the further expansion of the Point of use segment as
well as costs associated with the launch of the "BWT" brand. Net attributale
income will be at EUR 13.5 million compared to EUR 22.7 million in the year
before, as a result, earnings per share amounts to EUR 0.80 Euro (previous year:
EUR 1.32).
At the end of 2011, despite high investments, gearing (net debt related to
equity) will be below 15% as in the years before, and the ratio of equity
significantly higher than 45%. Due to the considerable investments planned and
the lower earnings, the Management Board will propose the upcoming Annual
General Meeting a dividend of EUR 0.28 per share (previous year: EUR 0.40).
Outlook
The consumer strategy and the launch of the brand "BWT - For You and Planet
Blue" as the leading "water brand" and the expansion investments for
development, production and logistics capacities in the Point of use-product
segment at the site in Mondsee are the foundation of growth planned for the next
years.
The strong balance sheet of the Group and unique technologies like the Mg2+
technology for best mineralised, good tasting water, represent the best basis
and precondition for a successful implementation. For 2012, we expect higher
revenues, but as a result of increasing advertisement costs and financing costs
earnings to be almost unchanged.
Final results will be disclosed on March 26th, 2012.
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