BWT AG

EANS-Adhoc: BWT Aktiengesellschaft
BWT remains on course, discloses annual accounts 2009

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annual report

16.04.2010

• Net sales EUR 400.7 million (-2.3%) • EBITDA EUR 45.7 million (+13.7%) • EBIT EUR 26.8 million (-8.3%)

BWT reports final figures for the year 2009 in line with the preliminary results published on March 10. "We had to accept significant declines in sales and earnings in some areas that were partly compensated by additional business from acquisitions and the Point of Use activities. Despite an extended investment program of EUR 44 million we managed to keep our financial key figures on a good or even improved level. This creates high confidence in our stability with our market partners, customers and also employees. Our investors are proposed an increase of the dividend to EUR 0.40 per share", says Andreas Weissenbacher, CEO of the BWT Group about the figures for the 2009 financial year.

In the year 2009, the BWT Group achieved consolidated net sales of EUR 400.7 million representing a decline of 2.3% compared to last year (EUR 410.2 million); excluding the first-time consolidation of new activities the decline would have been -5.1%. EBIT fell by 8.3% to reach EUR 26.8 million.

Mostly thanks to a EUR 4.5 million one-time extraordinary positive effect from the sale of a minority participation in the second quarter 2009, the BWT consolidated net result after minorities grew from EUR 20.6 million by 11.5% to EUR 23.0 million. Without this special income, the normalized result amounts to EUR 18.5 million and a minus of 10.2% compared to the previous year. Earnings per share reached EUR 1.32 after EUR 1.16 in the year before (+13.4%).

Outlook

Andreas Weissenbacher: "For 2010 as well, we have completed several new product developments in water technology. Most recent example is our bestmax Premium filter for catering customers offering coffee enthusiasts and active water drinkers a completely new taste experience - also in times of crisis. As in the previous year, earnings guidance is difficult to give for the new financial year. On sales level, the effects from the consolidation of the pharma water activities will have a positive effect as in the year 2009 only one quarter was included, on the other side, the one-time positive effect in the financial result need to be balanced by better operating results in the new business year what may turn out to be challenging"

The Annual Report and the Annual Financial Report 2009 are now available on our homepage www.bwt-group.com in section Investor Relations.

end of announcement                               euro adhoc
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Further inquiry note:

BWT Aktiengesellschaft
Mag. Ralf Burchert
ralf.burchert@bwt.at
Tel.: 06232/5011-1113

Branche: Water Supply
ISIN: AT0000737705
WKN: 884042
Index: ATX Prime
Börsen: Wien / official market
Original-Content von: BWT AG, übermittelt durch news aktuell

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