PTA-AFR: BWT AG: BWT achieves growth in revenues and income in first half of 2015

Thursday, 20. August 2015 08:00

Half-yearly financial report according to article 87 section 1 BörseG

Mondsee (pta006/20.08.2015/08:00) - In the first half of 2015, BWT - Best Water Technology - Group increased its consolidated revenues by 4.0% year on year from Eur255.4 million to Eur265.7 million, with 2.0 percentage points coming from foreign exchange rate changes (particularly EUR/CHF).

EBIT amounted to Eur15.2 million (previous year: Eur13.4 million) and consolidated net earnings after minority interests totalled Eur9.5 million (previous year: Eur8.0 million). Expenditure on investments in fixed assets decreased from Eur16.8 million to Eur6.0 million. The main reason for this decrease was the completion of investment programmes at the Mondsee location and in Bietigheim-Bissingen in 2014. A total of Eur11.0 million was spent on company acquisitions (previous year: Eur1.1 million). This rise resulted primarily from BWT's acquisition of an interest in the Russian Mettem Technologies Group.

As at the end of June, BWT Group's net debt went up from Eur14.9 million to Eur18.2 million compared with 31 December 2014. As at the balance sheet date, gearing stood at 9.9% and the equity ratio at 42.4%. As at the end of June 2015, the BWT Group employed a total of 2,641 people (previous year: 2,576).

Outlook
The implementation of the framework agreement signed in January 2015, which concerns the acquisition by the BWT Group of a majority interest in the Mettem Technologies Group, Russia, with operations in the Point of Use consumer business, also shaped the second quarter. Its first-time consolidation is planned for the end of the year, after antitrust approval has been obtained.

The development of the "BWT" brand with the brand message "BWT - For You and Planet Blue" as the leading water brand largely determines all marketing activities. Investments in property, plant and equipment are set to return to a normal level with major investments having been completed last year.

For the current 2015 financial year, the Management Board anticipates a slight rise in revenues and consolidated net earnings at the same level as the previous year.

The half-year financial report as at 30 June 2015 is available on our homepage at http://www.bwt-group.com/en/investors/download/Pages/quarterly-reports.aspx.

Released for publication.

About BWT
The Best Water Technology Group is Europe's leading water technology company. BWT's 2,600 employees work to provide clients in private households, industries, commerce, hotels and municipalities with innovative, economic and ecological water treatment technologies that ensure the highest standards of safety, hygiene and health in their daily contact with water. BWT offers modern treatment systems and services for drinking water, pharmaceutical and process water, water for heating, boilers and cooling, and water for air conditioning systems and swimming pools. BWT's R&D department uses state-of-the-art methods and the latest processes and materials to develop environmentally-friendly, cost-effective products. A crucial focus is on minimising the products' resource and energy consumption, thereby reducing CO2 emissions.

web publication: http://www.bwt-group.com/en/investors/download/Pages/quarterly-reports.aspx
publication date: 20.08.2015

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emitter: BWT AG
address: Walter-Simmer-Straße 4, 5310 Mondsee
country: Austria
contact person: Josef Nußdorfer
phone: +43 6232 5011-1113
e-mail: josef.nussdorfer@bwt-group.com
website: www.bwt-group.com

ISIN(s): AT0000737705 (share)
stock exchanges: official trade in Vienna

[ source: http://www.pressetext.com/news/20150820006 ]

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