EANS-News: BWT Aktiengesellschaft BWT reports on the first three quarters 2013
Investments and brand building are continuing
--------------------------------------------------------------------------------
Corporate news transmitted by euro adhoc. The issuer/originator is solely
responsible for the content of this announcement.
--------------------------------------------------------------------------------
quarterly report
Mondsee (euro adhoc) - - Revenues +1.4% to EUR 385.3 million
- EBIT -6.1% to EUR 19.3 million
- Net earnings EUR 10.8 million after EUR 13.8 million
- Outlook on the full year 2013: revenues roughly EUR 500 million, net earnings
roughly EUR 10 million.
Mondsee, 8 November 2013. "Our investment programme at the sites of Mondsee and
Bietigheim-Bissingen in Germany as well as growth in Point of Use and brand
building with end consumers set their mark on the first nine months of the year.
The BWT Gourmet table water filter that mineralizes tap water with the mineral
Magnesium for excellent taste and new filter products in the professional
segment for catering, hotel and vending customers play a major role in this
context. In addition, we started the biggest advertising campain for Point of
Entry water technology products ever in Austria. Taken together, we managed to
compensate weaker market development involving also reductions of capacity with
other areas", says Andreas Weissenbacher, CEO of BWT AG about the first three
quarters of the year 2013.
As at the end of September, BWT increased its consolidated revenues by 1.4% from
EUR380.0 million to EUR385.3 million. With a comparable Group structure (a plant
engineering company in Ireland was sold in the first quarter), revenues growth
would have been 2.4%. Higher growth of 16.9% to EUR 36.1 million was achieved in
the Point of Use operations representing a share of total sales of 9.4% (against
8.1% last year).
Costs incurred for expansion of the Point of Use product area and the weak order
situation in the Municipal Plant Engineering product segment, together with
restructuring measures that are required in this segment as a result of this,
led to a decline in EBIT from EUR3.7 million to EUR3.2 million in the third
quarter. On a cumulative basis after the first nine months, the BWT Group
generated EBIT of EUR19.3 million, down 6.1% on the previous year (EUR20.6
million). After nine months, net profit for the period after non-controlling
interests amounted to EUR10.8 million, which equates to a decrease of EUR3
million on the previous year's figure. Earnings per share came to EUR0.64 in the
first three quarters of the year, compared with EUR0.82 in the previous year.
Outlook
Andreas Weissenbacher: "The new production facitlities in Mondsee and at the new
site in Germany will be completed in beginning of 2014. Also brand building is
proceeding according to plan, at the same time we are continuously optimizing
our Point of Entry business; Strategic measures to optimise and streamline the
Group's locations and product portfolio will also impact planned consolidated
earnings for 2013. The Management Board therefore expects consolidated revenues
for the current financial year to remain unchanged compared with the previous
year at just over EUR500 million and net profit for the year of around EUR10
million."
The full Third Quarter Report is available on our homepage:
http://www.bwt-group.com/en/investors/download/Pages/quarterly-reports.aspx
Further inquiry note:
BWT Aktiengesellschaft
Mag. Ralf Burchert
ralf.burchert@bwt-group.com
Tel.: 06232/5011-1113
end of announcement euro adhoc
--------------------------------------------------------------------------------
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