CENTROTEC Sustainable AG Reports Consolidated Earnings Results for the First Quarter of 2018; Provides Earnings Guidance for the Year 2018
The expects further organic revenue growth to between EUR 600 million and EUR 620 million for the 2018 financial year. The strategic measures actioned in recent years to expand primarily the international business volume sustainably will continue in the financial year in progress. In addition, a sales drive to boost German heating business has been kicked off. On the other hand developments on commodity markets are likely to weigh slightly on earnings for 2018. Overall, an operating result (EBIT) of EUR 30 million to EUR 32 million is expected, a slight increase on the previous year.