BWT Aktiengesellschaft

euro adhoc: BWT Aktiengesellschaft
Financial Figures/Balance Sheet
BWT reports record results for 2006 Optimistic outlook for 2007

@@start.t1@@--------------------------------------------------------------------------------   Disclosure announcement transmitted by euro adhoc. The issuer is responsible   for the content of this announcement. --------------------------------------------------------------------------------@@end@@

annual report

30.03.2007

•          BWT strengthens market leadership in Europe
•          Growth in sales and earnings
•          New potentials in Point-of-Use and fuel cell markets

The final figures 2006 confirm the preliminary results released earlier this month. In 2006, the BWT Group increased its consolidated sales by 14.5% from EUR316.2 million (adjusted for the Christ Water Technology Group spun off at the end of October 2005) to EUR362.0 million. Andreas Weissenbacher, CEO: "All segments contributed to this positive performance which consolidates and expands the BWT Group’s leading position in the residential segment of the European water treatment market."

Segmental Sales (in EUR 1,000’s)          2006            2005  + / - %
Austria / Germany                              146,064        128,501    +13.7%
France / Benelux                                 87,865         85,688      +2.5%
Scandinavia                                         42,466         37,449    +13.4%
Italy / Spain                                      31,274         28,682      +9.0%
Switzerland / Others                          54,295         35,889    +51.3%
BWT Group excl. AST                          361,964        316,209    +14.5%
Aqua Systems Technologies (AST)*                -        147,330          -

* Note: from January to October 2005

The significant sales growth accompanied by a below-average increase in personnel and other operating expenses in the 2006 fiscal year led to an above-average increase in income. EBIT increased by 26.7% from EUR25.7 million to EUR32.6 million, thus totaling 9.0% (PY: 8.1%) of sales.

All business segments improved in comparison to 2005, EBIT broke down by segment as follows:

@@start.t2@@Segmental EBIT (in EUR 1,000’s)            2006            2005 + / - %
Austria / Germany                                10,488          9,802    +7.0%
France / Benelux                                  6,227          5,401  +15.3%
Scandinavia                                          5,622          2,375 +136.7%
Italy / Spain                                        5,211          4,420  +17.9%
Switzerland / Others                            5,022          3,702  +35.7%
BWT Group excl. AST                            32,570         25,700  +26.7%
Aqua Systems Technologies (AST)*                -          1,313      -
*) Note: from January to October 2005

Net profit increased by 18.9% to EUR22.2 million, with earnings per share at EUR1.24 compared with EUR1.06 in 2005.

Net debt in the BWT Group was reduced in 2006 by 32% from EUR36.3 million to EUR24.7 million. Gearing therefore improved (net debt/equity ratio) from 38.9% to 22.6%. As at December 31, 2006, Group equity totaled EUR109.2 million, equivalent to a very robust equity ratio of 42.6% (PY: 37.7%). For this reason, the Management Board intends to propose increasing the dividend from EUR0.30 to EUR0.35 to the Annual General Meeting on May 24. The number of employees in the BWT Group was 2,202 as at December 31, 2006 (PY: 2,007).

Outlook Geographical expansion, predominantly in the growth markets of Eastern Europe and Asia, as well as the extension of the product range, particularly at the Point-of-Use, continue to be the objectives of the BWT management. For 2007, the Management Board expects favorable economic conditions and an increase in Group sales to EUR380 million. As was the case in 2006, consolidated earnings are again expected to grow at a quicker rate than sales in 2007. We plan consolidated net earnings of EUR25 million.@@end@@

@@start.t3@@end of announcement                                                 euro adhoc 30.03.2007 07:30:00
--------------------------------------------------------------------------------@@end@@

ots Originaltext: BWT Aktiengesellschaft
Im Internet recherchierbar: http://www.presseportal.ch

Further inquiry note:
BWT Aktiengesellschaft
Ralf Burchert, CEFA
ralf.burchert@bwt.at
Tel.: +43 (0)6232/5010-1113

Branche: Water Supply
ISIN:      AT0000737705
WKN:        884042
Index:    ATX Prime
Börsen:  Wiener Börse AG / official market



Weitere Meldungen: BWT Aktiengesellschaft

Das könnte Sie auch interessieren: