BWT Aktiengesellschaft

EANS-News: BWT Aktiengesellschaft
BWT reports first-half year results BWT growing due to Point of Use products and innovations

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6-month report

Mondsee (euro adhoc) - * Revenue: +2.3% to EUR257.6 million 
* EBIT: -4.2% to EUR16.2 million
* Net income: EUR10.6 million after EUR11.4 million
* Outlook 2013: Revenue growth, decline in earnings

Mondsee, August 9th, 2013. Setting new standards of hygiene, safety and health,
the environment and efficiency in the industry, our product innovations, like
the E1 Single Lever Filter, the AQA perla soft water technology or the Gourmet
Magnesium Table Water Filter, are the growth drivers of BWT in generally
difficult market conditions in the first six months of the year", says Andreas
Weissenbacher, CEO of the BWT Group.

In the first half of 2013, the BWT - Best Water Technology - Group increased its
consolidated revenues by 2.3% year on year to EUR257.6 million. In the second
quarter, revenues increased by 3.9% to EUR137.7 million. Revenues generated by
Point of Use products increased by 22.5% in the second quarter.

The additional costs associated with the expansion of the Point of Use business,
the difficult market situation in Southern Europe and the decline in public
contracts did not allow any improvements to earnings. After six months, EBIT
amounted to EUR16.2 million, which equates to a decrease of 4.2% on the previous
year's figure. Earnings came to EUR10.1 million in the second quarter, matching
the previous year's figure. As at the end of June 2013, consolidated earnings
were EUR10.6 million compared with EUR11.4 million in the previous year.

In the first half of the year, capital expenditure rose to almost EUR15 million
(previous year: EUR11.9 million), the net debt ratio stood at 23.9% (previous
year: 16.2%) and the equity ratio decreased from 48.2% to 45.8% compared with
the result for last June.

Outlook
Andreas Weißenbacher: "Based on the developments in the first half of the year
and the current market situation, we expect to achieve a slight increase in
consolidated revenues for the current financial year with slightly lower
consolidated earnings. The continuing solid net assets and financial position of
the BWT Group provides a healthy basis for the successful implementation of the
planned expansion measures."

The first half-year financial 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 Auction
stockmarkets: official market: Wien 
language:   English
 

 


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