CENTROTEC posts further increase in revenue and operating result - positive outlook for full year confirmed
(PresseBox) (Brilon, )The operating result showed a clearly above-average improvement relative to revenue at both EBITDA level, which rose 11.3 % to EUR 19.3 million (previous year EUR 17.4 million) and EBIT level, which gained 10.1 % to EUR 9.0 million (previous year EUR 8.2 million). This reflects the first fruits of the restructuring, along with the fact that the purchased materials ratio was much lower than the previous year's record levels, even if still high. Nevertheless, with the investment result remaining negative at EUR -3.1 million (previous year EUR -1.2 million) largely due to the performance of CENTROSOLAR Group AG and the interest result virtually constant, earnings before tax (EBT) were reduced by around one-quarter to EUR 3.1 million (previous year EUR 4.1 million). The high effective tax rate - though significantly lower than in Q1 but influenced by non-recurrent and seasonal effects - led to earnings after tax (EAT) of EUR -0.1 million (previous year EUR +1.9 million). Taking minority interests into account, this therefore produced positive earnings per share (EPS) of EUR 0.02 (previous year EUR 0.12).
Based on the revenue and earnings figures achieved in the first half of 2012 in a challenging overall economic environment, a year-on-year rise in revenue and EBIT in the range of EUR 35 to 40 million are achievable for 2012 as a whole, thus coming close to the previous record-breaking year of 2010.