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BWT lowers earnings outlook for 2013

10.10.2013 14:00   Mondsee

Profit Warning

 

  • Outlook on net earnings lowered to € 10 million after roughly € 14 million in 2012

 

Mondsee, 10.10.2013. Continuing difficult market conditions in the market for public swimming pools in Germany and Austria weigh on earnings of the BWT Group in the current financial year over expectations. Lower income and one-time costs associated with necessary capacity adjustments as well as optimisation and reduction of company locations and the product portfolio will burden group net results in 2013 with € 4 million.

Therefore, the management board expects net earnings of € 10 million for the current financial year 2013 after € 14 million in the previous year. Consolidated revenues of the BWT Group are expected at around € 500 million for 2013.