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EANS-Adhoc: BWT Aktiengesellschaft
Good demand for BWT-water technology products in the first three months 2010

  ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
  distribution. The issuer is solely responsible for the content of this
  announcement.
3-month report
07.05.2010
• Sales EUR 112.0 million (+21.9%)
• EBIT EUR 7.8 million (+18.0%)
• Net earnings EUR 5.5 million (+28.3%)
"Supported by a light tailwind in key markets and our growth 
initiatives and innovations in the point of use and pharma markets we
had a good start into 2010 in the first quarter", says Andreas 
Weissenbacher, CEO of the BWT Group about the first quarter results 
2010.
The consolidated revenues of the BWT Group rose by EUR 91.9 million 
or 21.9% to EUR 112.0 million in the first quarter. The point-of-use 
business with the product segments "BWT water & more" coffee machine 
filters, "Perfect Water" table water filters and water dispensers 
already accounts for approx. 7% of consolidated revenues. EBIT grew 
by 18.0% reaching EUR 7.8 million. The Group net earnings after 
minority stakes amounted to EUR 5.5 million, while in the preceding 
year it was EUR 4.3 million (+28.2%). Earnings per share were EUR 
0.31 as compared to EUR 0.24 in the previous year.
In the first quarter, despite higher earnings, the increased demand 
for working capital (primarily in relation to inventories and 
accounts receivables) due to sales expansion resulted in a negative 
cash flow from operating activities of EUR -1.1 million, while EUR 
+1.2 million was achieved in the previous year. Investing activities 
in the BWT Group also declined in the first quarter: At EUR 2.2 
million, a third less was spent on property, plant and equipment and 
intangible assets than in the previous year.
The BWT Group´s net debt remained low. Gearing amounted to 16.5% in 
comparison with 20.5% at the same time in the previous year. The BWT 
Group´s equity was 46.0% of total assets as at 31 March 2010 after 
48.5% one year before. The number of employees rose to 2,736 from 
2,363 at the end of March 2009.
Outlook Andreas Weissenbacher: "We expect that the high levels of 
government debt and the tax increases under consideration will weigh 
on both private and public consumption and the behaviour of 
investors. It is highly unlikely that the general economic conditions
will permit a further improvement in the gross margin. Our goal for 
the financial year to match the exceptionally positive effects from 
the sale of an equity interest last year with growth in operating 
earnings and thus keeping consolidated earnings overall at last 
year's level, is challenging."
The First Quarter Report 2010 is available on our Homepage 
www.bwt-group.com under section Investor Relations.
end of announcement                               euro adhoc

Further inquiry note:

BWT Aktiengesellschaft
Mag. Ralf Burchert, CEFA
ralf.burchert@bwt-group.com
Tel.: 06232/5011-1113

Branche: Water Supply
ISIN: AT0000737705
WKN: 884042
Index: ATX Prime
Börsen: Wien / official market

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