BWT AG

EANS-Adhoc: BWT Aktiengesellschaft
BWT "on target" in Q3 after increase in revenues and EBIT

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9-month report

12.11.2010

• Revenues +16.3% to EUR 345.2 million • EBITDA +16.5% to EUR 38.4 million • EBIT +7.6% to 26.5 million • Net result -9.7% to EUR 20.0 million

"We are on track with realising our strategic goal to transform the brand ´BWT - The Water Company´ into a consumer brand and thus making BWT - synonymous with perfect drinking water - even more popular", says Andreas Weissenbacher, CEO of the BWT Group about the third quarter 2010.

The BWT Group's consolidated revenues increased in the period of January to September by 16.3% from EUR296.9 million to EUR345.2 million. All in all, revenues in the point-of-entry business increased by 14.3% in the first nine months. Revenues in the point-of-use business recorded 44.4% growth.

Earnings before interest and taxes (EBIT) amounted to EUR26.5 million at the end of September, which represents a 7.6% improvement compared with the previous year's figure of EUR24.6 million. The increased fixed-asset depreciation in the point-of-use business and in connection with the new Pharma activities, together with a goodwill impairment made in the previous quarter, have led to additional depreciation expenses amounting to EUR3.8 million. EBIT accounted for 7.7% of revenues, compared with 8.3% in the previous year. In the third quarter, EBIT rose by 17.5% to EUR7.3 million, thereby accounting for 6.4% of revenues as in the previous year.

The BWT Group's consolidated earnings after minority interests in the first three quarters of 2010 amounted to EUR20.0 million, a decline of 9.7% compared with the previous year (EUR22.1 million). Net profit amounted to EUR5.4 million in the period of July to September, slightly exceeding the previous year's figure of EUR5.3 million. Earnings per share as at September 30 amount to EUR1.16 (previous year: EUR1.27).

Outlook

Andreas Weissenbacher: "Individual regions such as Spain and Eastern Europe continue to exhibit adverse market conditions. Furthermore, strikes carried out recently in France pose a threat to the economic recovery of this important country. In spite of the positive results thus far in 2010 and the currently good order situation, it remains a challenge to compensate the strong financial results achieved in the previous year, which were brought about by the sale of an investment, with operating growth thus reaching last year´s consolidated net earnings.

The Third Quarter Report 2010 is 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-group.com
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

Weitere Meldungen: BWT AG

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