CENTROTEC again posts revenue and earnings record in first half – revenue growth across all segments, EBIT up 71% – EPS forecast revised upward
Brilon, August 12, 2010 – The CENTROTEC Group was able to build on the pattern of the first quarter in likewise bringing the first half of 2010 to a close with record revenue and earnings. Organic revenue growth reached 7.5 % in the first half, up from 6.5 % in the first quarter. This produced consolidated revenue of EUR 217.7 million (previous year EUR 202.5 million), which once again stemmed from growth in all three segments. The highest-revenue segment Climate Systems grew by 4.2 % and thus increased its rate of growth from the first quarter, which had been dominated by the long winter. Gas Flue Systems, which had already been the fastest-growing segment in recent quarters, again enjoyed the highest revenue growth of EUR 7.0 million in the first half of 2010. Revenue thus rose by 14.3 % to EUR 56.0 million (previous year EUR 49.0 million). The recovery of the previous two quarters continued in the Medical Technology & Engineering Plastics segment, producing a 16.0 % leap in revenue to EUR 17.1 million (previous year EUR 14.8 million).