Binder+Co Aktiengesellschaft

EANS-Information of Significance: Binder+Co Aktiengesellschaft
Binder+Co Group H1/2015: sales revenues, EBIT and order backlog all up

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6-month report


Press release / Main company information 

Gleisdorf, 12 August 2015. In the first half of 2015 Binder+Co, the
Gleisdorf-based, international specialist for processing, environmental and
packaging technology was able to improve its sales revenues, EBIT and order
backlog markedly. The declared aim of the Binder+Co management for the year as a
whole is therefore to raise sales revenues and the result for the year to levels
that exceed those of 2013 and 2014.  

At EUR 40.95 million sales revenues in the first half of 2015 surpassed the
figure for the same period of the last year by around 15% (H1/2014: EUR 35.76
million). Following negative EBIT of minus EUR 0.49 million in the comparative
period of 2014, the first half of 2015 saw Binder+Co again achieve positive EBIT
of EUR 0.65 million. The order situation and hence the medium-term outlook also
developed satisfactorily and as at 30 June 2015, Binder+Co order backlog stood
at EUR 56.12 million, which was slightly higher than the already solid EUR 54.79
million of the preceding year.  

Karl Grabner from the Binder+Co Management Board: “In the first half of 2015,
Binder+Co was again able to raise its sales revenues, EBIT and order backlog. We
are also extremely satisfied with the order intake situation. The related figure
was lower than in 2014, but no longer consisted of large-volume system and plant
projects with poor margins and instead was dominated by lucrative single machine
projects. All in all, we assume that in 2015 we will be able to lift both sales
revenues and income to levels above those of 2013 and 2014.”  

The strengths of the Binder+Co Group: three different segments
Sales revenues in the Processing Technology Segment, which is the strongest
segment and covers the screening, wet processing, drying and comminution areas,
amounted to EUR 17.12 million, which represented a roughly 42% share of total
sales. The 9% decline in sales revenues as compared to the preceding year can be
traced to the fact that no large-volume plant projects were cleared in the first
quarter of 2015. Moreover, as the subsidiaries allocated to the segment are yet
to develop as anticipated, in spite of a marked improvement segment EBIT
remained negative at minus 0.58 million. Owing to the lack of large volume
system and plant business, order intake was considerably down on the figure for
the preceding year at EUR 18.71 million. 

Sales revenues in the Environmental Technology Segment, which focuses on
classification machines for glass, paper and plastics recycling, were some 28%
up on those of the previous year at EUR 11.06 million. Nonetheless, segment EBIT
remained negative at minus EUR 0.33 million owing to weaker result margins on
the plant projects undergoing completion (H1/2014: EUR 0.07 million). Order
intake rose by around 25% to stand at EUR 14.93 million. 

The Packaging Technology Segment, which is managed by the independent subsidiary
Statec Binder GmbH, was able to increase its sales revenues by roughly 54% to
EUR 12.77 million and its EBIT by around 79% to EUR 1.56 million. By contrast,
at EUR 9.28 million, order intake was roughly 35% down on the highly positive
level of the first half of 2014. 

Workforce numbers 
Owing to personnel structure streamlining, workforce numbers at Binder+Co fell
marginally from 373 at the end of 2014 to 369 as at 30 June 2015. 

As compared to the same period of 2014, Binder+Co Group investments in the first
half of 2015 were considerably lower at EUR 1.37 million (H1/2014: EUR 3.33
million). This was due to the fact that the long-term investment programme at
group headquarters in Gleisdorf was largely completed in 2014.

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 

end of announcement                               euro adhoc 

issuer:      Binder+Co Aktiengesellschaft
             Grazerstraße  19-25
             A-8200 Gleisdorf
phone:       +43 3112 800-363
FAX:         +43 3112 800-320
sector:      Machine Manufacturing
ISIN:        AT000BINDER3
indexes:     mid market
stockmarkets: Third Market: Wien 
language:   English

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