Sales +15.0% to € 460.7 million
EBIT +17,4% to € 31.5 million
Earnings per share 1.32 € after 1.32 € before
Dividend proposal € 0.40
The earnings target of BWT Group in the year 2010 to compensate for the extraordinary gain of € 4.5 million from the sale of a participation realized in 2009 by considerably increasing EBIT was met. In the year 2010, consolidated Group sales of BWT grew by 15.0% to € 460.7 million. The new pharma companies, BWT UK and the Point of Use (PoU) business particularly contributed to overall growth, PoU now accounting for 6.3% of Group sales.
EBIT rose by 17.4% to € 31.5 million. Earnings before taxes were € 31.3 million in 2010 exceeding last year´s figure of € 31.2 million by 2.9%. Due to higher taxes on earnings, net income decreased by 1.1% from € 23.1 million to € 22.8 million. Earnings per share remained unchanged at € 1.32.
Gearing (net debt related to equity) has improved from 11.7% to 6.0% as has the equity ratio from 48.5% to 51.0%. Due to the good net result and the solid balance sheet situation and despite the big investment programme, the Management Board plans to propose the Annual General Meeting to pay an unchanged dividend of € 0.40 per share.
The final figures as well as the annual financial report will be disclosed on 1/4/2011.