Binder+Co Aktiengesellschaft

EANS-Information of Significance: Binder+Co Aktiengesellschaft
Q1/2016: sales revenues increased, EBIT below the 2015 level, order intake doubled to a new record high

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3-month report

11.05.2016

Press Release / Main Company Information
 
Gleisdorf, 11 May 2016

Binder+Co Group Q1/2016: sales revenues increased, EBIT below the 2015 level,
order intake doubled to a new record high 

In the first quarter of 2016, Binder+Co, the Gleisdorf-based, international
specialist for processing, environmental and packaging technology, was able to
increase its sales revenues slightly to EUR 21.97 million. However, at minus EUR
0.75 million EBIT slipped into the red. Nevertheless, owing to record order
intake and a solid order backlog, the Binder+Co management assumes that the
sales revenue and income figures for the year as a whole will reach those of
2015. 

Although sales revenues in Q1/2016 were around 4% up at EUR 21.97 million and
thus slightly exceeded the figure of the preceding year, owing to the orders
brought in under massive competitive pressure during 2015, EBIT deteriorated in
the traditionally weak first quarter to minus EUR 0.75 million (Q1/2015: EUR
0.35 million). Conversely, order intake was double that of the previous year at
EUR 44.00 million and by contrast to 2015, consisted of a blend of profitable
single machine business and large volume plant contracts. Order backlog as at 31
March 2016 stood at EUR 66.86 million, which was 22.4% higher than in the
preceding year and thus represented a solid figure.  

Karl Grabner, from the Binder+Co Management Board:  
“Naturally enough, I am dissatisfied with the result for the first quarter.
Nonetheless, the negative EBIT represents a consequence of the difficult market
situation during 2015 and there are already indications of a turnaround. Since
the start of this year, order intake has been very good and I am cautiously
optimistic that we will be able to raise our 12-month sales revenues and income
to the levels of 2015.”  

Order intake markedly higher in all three segments  
In the first quarter of 2016, sales in the Processing Technology Segment, which
includes the screening, wet processing, drying and comminution areas, were 47.0%
up on the figure for the preceding year at EUR 12.55 million. The losses
incurred by Bublon GmbH and Binder+Co Machinery (Tianjin) Ltd., which are
subsidiaries allocated to this segment, continued to have a negative impact on
this result amounting to minus EUR 0.05 million, but this represented an
improvement over the comparable period of last year (Q1/2015: minus EUR 0.46
million). Order intake showed a considerable increase of 56.3% at EUR 14.35
million and this represented an indication of the greater readiness to invest of
the markets served.   

Sales revenues in the Environmental Technology Segment, which focuses mainly on
sorting machinery for glass cullet, paper and plastics recycling, amounted to
EUR 5.31 million and therefor remained at roughly the level of the preceding
year (Q1/2015: EUR 5.22 million). However, segment EBIT was down on the 2015
figure of minus EUR 0.10 million at minus EUR 0.76 million owing to weaker
result margins on the plant projects obtained during 2015. By contrast, order
intake was more than double that of the comparable period of the preceding year,
rising from EUR 6.70 million to EUR 16.17 million. 

At EUR 4.11 million, Packaging Technology Segment sales revenues in the first
quarter of 2016 lagged well behind the excellent EUR 7.33 million of the
previous year. This resulted in a smaller EBIT contribution of EUR 0.06 million,
which was also lower than the EUR 0.91 million achieved in Q1 2015. However,
order intake developed strongly and at EUR 13.48 million was more than twice
that of the first quarter of 2015 (EUR 5.64 million).  

Moderate increase in workforce numbers, investments at the level of the
preceding year
Binder+Co workforce numbers rose from 385 at the end of 2015 to 393 as at 31
March 2016. Investments in the first quarter of 2016 amounted to EUR 0.75
million and thus remained at the level of the comparable period of last year. 

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 and Binder+Co Machinery (Tianjin) Ltd., as well
as the Statec Binder GmbH joint venture (50.7%). 


Further inquiry note:
Karl Grabner, Member of the Board, Tel.: +43/3112/800-363,
karl.grabner@binder-co.at

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