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Centrotec DE0005407506

DGAP-News: CENTROTEC meets revenue and profit forecast and expects further growth for 2017 (english)

03/30/17

CENTROTEC meets revenue and profit forecast and expects further growth for 2017

^ DGAP-News: CENTROTEC Sustainable AG / Key word(s): Final Results CENTROTEC meets revenue and profit forecast and expects further growth for 2017

30.03.2017 / 07:30 The issuer is solely responsible for the content of this announcement.

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Brilon, March 30, 2017: CENTROTEC Sustainable AG, Brilon, increased its revenue by 4.7% in the 2016 financial year to EUR 575.5 million (previous year EUR 549.8 million). The operating result (EBIT) rose by 8.5% to EUR 34.8 million (previous year EUR 32.1 million) despite extensive investment spending e.g. on internationalisation. Earnings per share (EPS) were increased to EUR 1.21 (previous year EUR 1.18). In a reflection of this development and the further improved financial structure, a renewed increase in the dividend to EUR 0.30 (previous year EUR 0.25) is planned. For 2017, CENTROTEC anticipates a mildly positive development in the economic environment. The European construction industry will continue to grow in 2017 and the downward trend in energy prices appears to have come to an end. Against this backdrop, CENTROTEC expects organic growth for the 2017 financial year to continue the pattern of the past three years and anticipates revenue of EUR 575 to 600 million. The strategic measures to achieve a sustained, international improvement in revenue and earnings will entail above-average expenditure and investment in the development, service and international sales areas in 2017. However the greater part of these measures will not yet produce a profit contribution in 2017 and will diminish the operating result mainly in the second half of the year. Furthermore, the above-average increase in personnel expenses following negotiated pay increases and reductions in working hours as well as substantial rises in raw material prices, especially steel, will adversely impact the anticipated earnings performance. Overall, CENTROTEC expects to post an operating result (EBIT) in the range of EUR 33 - 35 million for 2017. For the financial years thereafter, CENTROTEC expects to see a continuation in organic revenue growth and a return to a positive development in the profit margins.

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CENTROTEC Sustainable AG CENTROTEC Sustainable AG enjoys a presence in around 50 different countries through subsidiaries and sales partners. The principal group companies are Wolf, Brink Climate Systems and Ned Air in the Climate Systems segment, specialising in heating, climate control and ventilation technology e.g. in the form of solar thermal systems, CHP units and home ventilation systems with heat recovery, as well as Ubbink and Centrotherm in the Gas Flue Systems segment, with their focus on gas flue and air piping systems. CENTROTEC is consequently Europe's only listed full-service provider of heating and climate control technology, solar thermal systems and energy-saving solutions for buildings.

CENTROTEC Sustainable AG, Am Patbergschen Dorn 9, D-59929 Brilon, Germany ISIN: DE0005407506, WKN: 540750, home stock exchange: Frankfurt/ Main; indices: Prime All Share, Prime Industrial For further information, contact: CENTROTEC Sustainable AG, Carsten Vogt, Tel.: +49 (0)2961 96631-103 or MetaCom GmbH, Georg Biekehör, Tel.: +49 (0)6181 98280-30

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30.03.2017 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

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Language: English Company: CENTROTEC Sustainable AG Am Patbergschen Dorn 9 59929 Brilon Germany Phone: +49 (0)2961 96631-0 Fax: +49 (0)2961 96631-100 E-mail: ir@centrotec.de Internet: www.centrotec.de ISIN: DE0005407506 WKN: 540750 Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange

End of News DGAP News Service ---------------------------------------------------------------------------

559933 30.03.2017

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