CENTROTEC Sustainable : 2014 revenue target achieved amid continuing weak market environment; EBIT of just under EUR 31 million expected

2014 revenue target achieved amid continuing weak market environment; EBIT of just under EUR 31 million expected

January 30, 2015

Brilon, January 30, 2015: According to provisional calculations CENTROTEC Sustainable AG, Brilon, expects to achieve its revenue target for 2014 with consolidated revenue reaching around EUR 531 million. The continuing weak performance of most markets in the fourth quarter of the year and the development of the Russian rouble, which diminished the result (EBIT) by over one million euros, are likely to cause the previous earnings forecast to be narrowly missed at just under EUR 31 million.

CENTROTEC does not expect any significant easing of the unsatisfactory environment in the current 2015 financial year. The low oil price is providing little stimulus for a revival in the weak German heating market. In the continuing absence of an economic recovery in Western and Southern Europe, along with the Euro crisis and the Ukraine conflict, the expectations for the international sales markets are subdued. There is merely the prospect of a renewed positive stimulus towards the end of the year, when the tougher European and national efficiency requirements for buildings take effect in the autumn.

The audited 2014 financial statements and Annual Report will be published on March 26, 2015.

CENTROTEC Sustainable AG
CENTROTEC Sustainable AG enjoys a presence in around 50 different countries through subsidiaries and sales partners. The principal group companies are Wolf, Brink Climate Systems and Ned Air in the Climate Systems segment, specialising in heating, climate control and ventilation technology e.g. in the form of solar thermal systems, CHP units and home ventilation systems with heat recovery, as well as Ubbink and Centrotherm in the Gas Flue Systems segment, with their focus on gas flue and air ducting systems. CENTROTEC is consequently Europe's only listed full-service provider of heating and climate control technology, solar thermal systems and energy-saving solutions for buildings.

CENTROTEC Sustainable AG, Am Patbergschen Dorn 9,
D-59929 Brilon
ISIN: DE0005407506, WKN: 540750
Indizes: SDAX, Prime All Share, Prime Industrial
Heimatbörse: Frankfurt/ Main

If you have further questions please contact:

CENTROTEC Sustainable AG
Carsten Vogt, Tel.: [phone]

or:
MetaCom GmbH
Georg Biekehör, Phone: [phone]