EANS-Adhoc: BWT Aktiengesellschaft / Preliminary results 2011 - Revenue target met, earnings affected by brand building

Kategorie: OTS - Finanzen | Datum: 13.02. 09:04

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Company Information

13.02.2012

• Revenues +3.9% to EUR 478.8 million
• EBIT -32% to EUR 21.5 million
• Earnings per share EUR 0.80 after EUR 1.32 before
• Dividend proposed at EUR 0.28 per share

Mondsee, February 13th, 2012. In the year 2011, reporting preliminary
figures, BWT Group achieved revenues of EUR 478.8 million, 3.9% more
than in 2010 (EUR 460.7 million). On a constant consolidation basis,
revenue growth was 8.9%. Group EBIT amounts to EUR 21.5 million
(previous year: EUR 31.5 million). The decline of earnings is mainly
due to the investment programme started in 2011, comprising spending
for the further expansion of the Point of use segment as well as
costs associated with the launch of the "BWT" brand. Net attributale
income will be at EUR 13.5 million compared to EUR 22.7 million in
the year before, as a result, earnings per share amounts to EUR 0.80
Euro (previous year: EUR 1.32).

At the end of 2011, despite high investments, gearing (net debt
related to equity) will be below 15% as in the years before, and the
ratio of equity significantly higher than 45%. Due to the
considerable investments planned and the lower earnings, the
Management Board will propose the upcoming Annual General Meeting a
dividend of EUR 0.28 per share (previous year: EUR 0.40).

Outlook

The consumer strategy and the launch of the brand "BWT - For You and
Planet Blue" as the leading "water brand" and the expansion
investments for development, production and logistics capacities in
the Point of use-product segment at the site in Mondsee are the
foundation of growth planned for the next years.

The strong balance sheet of the Group and unique technologies like
the Mg2+ technology for best mineralised, good tasting water,
represent the best basis and precondition for a successful
implementation. For 2012, we expect higher revenues, but as a result
of increasing advertisement costs and financing costs earnings to be
almost unchanged.

Final results will be disclosed on March 26th, 2012.

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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issuer: 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: ATX Prime
stockmarkets: official market: Wien
language: English

Quelle: OTS

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