CENTROTEC Sustainable AG reported consolidated earnings results for the first quarter of 2018. For the quarter, the company increased its revenue by 1.5% to EUR 139.4 million compared to EUR 137.3 million a year ago. The consolidated operating result (EBIT) was unchanged from the previous year's level at EUR 3.8 million. Earnings per share (EPS) came to EUR 0.05 compared to EUR 0.08 a year ago.

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.