BWT bets on globally patented revolutionary Mg2+ technology investing € 75 million
- Revenues 2011: € 478.9 million (+3.9%) ·
- Earnings per share € 0.80 (2010: € 1.32) ·
- Dividend proposed at € 0.28 per share ·
- Healthy balance sheet
„The year 2011 was marked by the kickoff of our consumer strategy aiming to position the brand BWT – For You and Planet Blue as the water brand with end consumers. Using our strong technologies, our healthy balance sheet and new, state-of-the-art production facilities in the framework of our Mondsee site expansion we have the best possible chances for a successful future“, says Andreas Weissenbacher, CEO of BWT about the year 2011.
In 2011, the BWT Group has grown by 3.9% achieving revenues of € 478.9 million (previous year: € 460.7 million). On a constant consolidation basis, revenue growth was 8.9%. Group EBIT amounted to € 21.7 million (previous year: € 31.5 million). The decline of earnings is mainly due to the investment programme started in 2011, comprising spending for the further expansion of the Point of Use segment as well as costs associated with the launch of the „BWT“ brand. Net attributale income amounted to € 13.6 million compared to € 22.7 million in the year before, as a result, earnings per share amounted to € 0.80 Euro (previous year: € 1.32).
At the end of 2011, the ratio of equity was 49.0% (after 51.0%) despite high investments and further share buybacks, and gearing (net debt related to equity) increased moderately to 10.5% (previous year: 6.0%). The Management Board will propose the upcoming Annual General Meeting a dividend of € 0.28 per share (previous year: € 0.40).
The consumer strategy and the launch of the brand „BWT – For You and Planet Blue“ as the leading „water brand“ and the expansion investments for development, production and logistics capacities in the Point of Use-product segment at the site in Mondsee are the preconditions of dynamic growth not only in Point of Use, but also in Point of Entry. Foundation and best precondition are the strong balance sheet of the Group and unique water technologies ranging from hauseholds to the pharma and biotech industries. For example, the Mg2+ technology for best mineralised, good tasting water, or the world´s first antiarsenic filter as table water filter, the new softener generations AQA perla and Rondomat Duo S and the BWT Septron Biosafe EDI module for highest highly purified water requirements in the pharma and biotech industries. For 2012, we expect higher revenues and increasing advertisement investments while earnings to be almost unchanged.
Further information: BWT Investor Relations