Press release BoxID: 655400 (Centrotec Sustainable AG)
  • Centrotec Sustainable AG
  • Am Patbergschen Dorn 9
  • 59929 Brilon
  • Contact person
  • Georg Biekehör
  • +49 (6181) 98280-30

CENTROTEC meets earnings forecast for 2013

forecast for 2014: slight growth in revenue and earnings

(PresseBox) (Brilon, ) CENTROTEC Sustainable AG, Brilon, generated revenue of EUR 525 million in the 2013 financial year (unaudited; previous year EUR 533.8 million). Based on provisional calculations, the prior-year operating result (EBIT) of EUR 35.2 million will be just exceeded, in line with the earnings forecast made one year ago.

CENTROTEC starts the 2014 financial year on a cautiously optimistic note. The signs of general economic stabilisation in many European markets that have latterly performed very weakly is one important factor, along with the fundamentally positive development of the home market Germany. On that basis, CENTROTEC anticipates slightly higher revenue and earnings for the current financial year. It will only be possible to give a more precise forecast as the year progresses because the performance of international markets in particular, but also the impact of the regulatory changes taking place in Germany, are currently still very difficult to anticipate.

The audited 2013 financial statements and Annual Report will be published at the Annual Press Conference on March 27, 2013. The group's new Chief Financial Officer, Dr. Thomas Kneip, will also be introduced at that event. Dr. Kneip was appointed with effect from January 1, 2014 and will be based at the group's biggest location, the headquarters of Wolf in Mainburg, Bavaria. His predecessor Anton Hans will continue to perform the task of Chief Risk and Audit Officer from Brilon.

Centrotec Sustainable AG

CENTROTEC Sustainable AG enjoys a presence in over 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 ducting 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.