Binder+Co Aktiengesellschaft

EANS-Information of Significance: Binder+Co: order intake upswing


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quarterly report

13.08.2014

Gleisdorf, 13 August 2014
 
Binder+Co: order intake upswing
 
Even though the first half of 2014 still broughtBinder+Co, the international
specialist for processing, environmental and packaging technology, tangible
falls in both sales revenues and results, the level of new business recovered
considerably.
 
The sideways trend in Binder+Co order intake that has been evident for several
months was successfully interrupted in the second quarter of 2014. In the first
half of 2014, the company was able to acquire new orders with a total value of
EUR 53.99 million and thus exceeded the figure for the comparable period of 2013
of EUR 37.95 million by nearly a half (+42.3%).
 
Karl Grabner, Member of the Binder+Co Management Board: "It is especially
pleasing that in the second quarter we were able to capture an increasing number
of system and plant projects. Previously, over a long period our new business
was carried by single machine contracts alone. This was still evident in the
sales revenues of the first half-year, which at EUR 46.22 million were 22.6%
below the 2013 figure. EBIT was therefore also negative at minus EUR 0.49
million. The main reasons were the continuation of weak order intake in the
first quarter of 2014, as well as the fact that a major order obtained in 2013,
which will extend over several years, will not contribute tosales revenues in
2014. The Comec-Binder S.r.l., Bublon GmbH and Binder+Co Machinery (Tianjin)
Ltd. subsidiaries, and the parent company were all affected by this negative
development."
 
Conversely, the order backlog situation and hence the medium-term outlook are
both promising. As at 30 June 2014, Binder+Co order backlog totalled EUR 54.79
million, which was a notable 72.0% up on the EUR 31.86 million of the previous
year. However, some EUR 23.46 million of this figure will first have an effect

on sales revenues in 2015 and the following years.      
 
Segment sales revenues and results lower, but more orders across the board

As the strongest segment, during the period under report Processing
Technologyprovided sales revenues of EUR 18.82 million. Although slightly down,
this again represented the largest share of total sales, whereby as in the first
quarter the segment result remained negative. The losses suffered by the young
subsidiaries allocated to this segment and the lack of result contributions from
the parent company continued to be a burden. By contrast, order intake was
raised by almost 60% and included larger systems orders.
 
The sales revenues of the Environmental TechnologySegment,which focuses on
sorting machines for glass and plastics recycling, totalled EUR 8.65 million and
were therefore clearly down on the value of the preceding year. Segment EBIT was
just positive and thus also demonstrated a tangible fall. Nonetheless, order
intake was raised, mainly through large volume system business.
 
The Packaging TechnologySegment, which is managed by the independent subsidiary
Statec Binder GmbH, also showed a downturn in sales revenues and results as
compared to the above-average figures for the same period of 2013. However,
order intake for the period was raised by around a third and apart from a
continuation of positive single machine, spare part and service business, a
larger sized systems order was also captured.         

Stable outlook

As already mentioned, as at 30 June 2014 Binder+Co oder backlog was 72.0% up on
the value for the preceding year at EUR 54.79 million. However, current order
backlog contains contracts of around EUR 23.46 million, which will extend beyond
2014. On the basis of an order backlog of around EUR 31.33 million for 2014, the
aim of the management continues to be the retention of sales revenues and
results at the levels of 2013. 

Workforce numbers constant

In 2013, continuing internationalization resulted in a marked increase in the
size of the Binder+Co workforce to 370 at year-end. As at 30 June 2014, the
company had 369 own employees.

Investments

In the first half of 2014, Binder+Co invested a sum of EUR 3.3 million. The
focus of this spending continued to be the construction of the new group
headquarters at Gleisdorf, which commenced in 2012. 

Binder+Co share price remains solid

During the first six months of 2014 the price of the Binder+Co share, which is
traded on the mid market of the Vienna Stock Exchange, fell back by 6.6% from
EUR 21.40 to EUR 19.99 and then remained stable.
 
The Binder+Co Group
Binder+Co is a specialist in the field of processing, environmental and
packaging technology and the world market leader in the screening and glass
recycling segments. The company was listed on the Vienna Stock Exchange at the
end of 2006 and is now part of the Third Market in the mid market segment.The
Binder+Co Group consists of Binder+Co AG, the three fully owned subsidiaries
Comec-Binder S.r.l., Bublon GmbH andBinder+Co Machinery (Tianjin) Ltd., as well
asthe Statec Binder GmbH joint venture (50.7%). In 2010, Binder+Co was awarded
the Austrian National Innovation Prize for its successful implementation of
inventive capacity. Moreover, in 2011 it received both the Austrian National
Prize for Work Safety for its introduction of special safety measures for
apprentices, and the Best Open Innovator Award of the Zeppelin University
Friedrichshafen as the top SME in the D-A-CH region. In 2012, the company was
also presented with theTRIGOS Styria in the Ecology category for its efforts in
the resource conservation area.



Further inquiry note:
Inquiries
Karl Grabner, Member of the Management Board
Tel.: +43/3112/800-363

end of announcement                               euro adhoc 
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issuer:      Binder+Co Aktiengesellschaft
             Grazerstraße  19-25
             A-8200 Gleisdorf
phone:       +43 3112 800-363
FAX:         +43 3112 800-320
mail:     karl.grabner@binder-co.at
WWW:      www.binder-co.com
sector:      Machine Manufacturing
ISIN:        AT000BINDER3
indexes:     mid market
stockmarkets: Third Market: Wien 
language:   English
 

 

 

Original-Content von: Binder+Co Aktiengesellschaft, übermittelt durch news aktuell

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