13.08.2020 Centrotec SE  DE0005407506

DGAP-News: Centrotec SE: increased revenue and operating result despite coronavirus pandemic; annual forecast for 2020 readily achievable


DGAP-News: Centrotec SE / Key word(s): Half Year Results
Centrotec SE: increased revenue and operating result despite coronavirus pandemic; annual forecast for 2020 readily achievable

13.08.2020 / 07:30
The issuer is solely responsible for the content of this announcement.

Brilon, August 13, 2020: CENTROTEC SE, Brilon, increased its revenue for the first six months of the 2020 financial year by 7.6% to EUR 322.3 million (previous year EUR 299.7 million), as pre-announced on July 17, 2020. Organic growth amounted to 6.6%. The figures saw the operating result (EBIT) more than double from EUR 8.1 million to EUR 16.7 million. However the sharply negative financial result for the first quarter kept earnings per share (EPS) flat at the prior-year level of EUR 0.43.

The pace of growth therefore slowed noticeably in the second quarter, in particular due to the coronavirus pandemic. In the second quarter, revenue reached EUR 156.0 million (previous year EUR 152.5 million). This represents growth of 2.3%. Organic growth came to merely 1.2%. The EBITDA operating result was nevertheless increased from EUR 4.0 million to EUR 7.7 million in the second quarter.
The major coronavirus-related downturns in many international sales markets such as France, Spain, Italy and the USA were offset by the generally robust development in the home markets Germany and the Netherlands, as well as in Eastern Europe. In addition, the marked scaling-back of costs for travel, entertainment, marketing and trade shows due to the pandemic had a substantial positive impact on the first-half earnings performance.
Based on the positive revenue and earnings performance in the first half of 2020 - despite the noticeable impact of the coronavirus pandemic - and provided there are no further significant market disruptions from a second wave of the coronavirus in the autumn, CENTROTEC anticipates that it could achieve or even exceed the full-year forecast, issued with reservations, of revenue of EUR 670 to 690 million and an expected EBIT of EUR 34 to 36 million. The latter nevertheless continues to represent a significant risk amid a generally fragile market environment worldwide. CENTROTEC expects the market situation at home and abroad to stabilise in the second half of the year. Looking ahead, however, the commercial climate control and ventilation systems area is likely to be adversely affected by the general downturn in the commercial and industrial construction sector.

CENTROTEC SE 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 piping 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.

Contact person

For further information, contact:

Carsten Vogt, Tel.: +49 (0)2961 96631-103
[email protected]


Studio Krause GmbH und Co. KG
Georg Biekehör, Tel.: +49 (0)6181 98280-30
[email protected]


13.08.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: Centrotec SE
Am Patbergschen Dorn 9
59929 Brilon
Phone: +49 (0)2961 96631-0
Fax: +49 (0)2961 96631-100
E-mail: [email protected]
Internet: www.centrotec.de
ISIN: DE0005407506
WKN: 540750
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1117011

End of News DGAP News Service

1117011  13.08.2020 


Die wichtigsten Finanzdaten auf einen Blick
  2016 2017 2018 2019 2020 2021 2022e
Umsatzerlöse1 575,46 594,19 614,74 650,98 718,98 871,43 1.010,00
EBITDA1,2 59,52 54,06 54,49 64,34 87,71 124,09 161,00
EBITDA-Marge3 10,34 9,10 8,86 9,88 12,20 14,24 15,94
EBIT1,4 34,82 29,32 30,43 33,12 48,80 83,52 119,00
EBIT-Marge5 6,05 4,93 4,95 5,09 6,79 9,58 11,78
Jahresüberschuss1 21,58 20,85 13,67 24,43 29,03 58,03 80,00
Netto-Marge6 3,75 3,51 2,22 3,75 4,04 6,66 7,92
Cashflow1,7 41,46 31,63 38,23 42,03 81,51 75,79 100,00
Ergebnis je Aktie8 1,21 1,13 0,74 1,48 2,08 4,39 6,00
Dividende8 0,30 0,30 0,30 0,00 0,04 0,04 0,04
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2021 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: PricewaterhouseCoopers

WKN Kurs in € Einschätzung Börsenwert in Mio. €
540750 35,100 Kaufen 462,19
KGV 2023e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
6,16 11,04 0,56 17,05
1,57 6,10 0,53 5,36
Dividende '20 in € Dividende '21e in € Div.-Rendite '21e
in %
0,04 0,04 0,11 29.06.2022
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
- - - 19.05.2022
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-0,95% 28,03% 50,97% 52,61%
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Bauzulieferer , 540750 , CEV , HAM:CEV