- Net sales € 400.7 million (-2.3%)
- EBITDA € 45.7 million (+13.7%)
- EBIT € 26.8 million (-8.3%)
BWT reports final figures for the year 2009 in line with the preliminary results published on March 10. „We had to accept significant declines in sales and earnings in some areas that were partly compensated by additional business from acquisitions and the Point of Use activities. Despite an extended investment program of € 44 million we managed to keep our financial key figures on a good or even improved level. This creates high confidence in our stability with our market partners, customers and also employees. Our investors are proposed an increase of the dividend to € 0.40 per share“, says Andreas Weissenbacher, CEO of the BWT Group about the figures for the 2009 financial year.
In the year 2009, the BWT Group achieved consolidated net sales of € 400.7 million representing a decline of 2.3% compared to last year (€ 410.2 million); excluding the first-time consolidation of new activities the decline would have been -5.1%. EBIT fell by 8.3% to reach € 26.8 million.
Mostly thanks to a € 4.5 million one-time extraordinary positive effect from the sale of a minority participation in the second quarter 2009, the BWT consolidated net result after minorities grew from € 20.6 million by 11.5% to € 23.0 million. Without this special income, the normalized result amounts to € 18.5 million and a minus of 10.2% compared to the previous year. Earnings per share reached € 1.32 after € 1.16 in the year before (+13.4%).
Andreas Weissenbacher: „For 2010 as well, we have completed several new product developments in water technology. Most recent example is our bestmax Premium filter for catering customers offering coffee enthusiasts and active water drinkers a completely new taste experience – also in times of crisis. As in the previous year, earnings guidance is difficult to give for the new financial year. On sales level, the effects from the consolidation of the pharma water activities will have a positive effect as in the year 2009 only one quarter was included, on the other side, the one-time positive effect in the financial result need to be balanced by better operating results in the new business year what may turn out to be challenging”