CENTROTEC Sustainable AG reported unaudited revenue results for the year 2018. For the year, the company generated revenue of EUR 615 million compared to EUR 594.5 million a year ago.

The company provided earnings guidance for the year 2018 and 2019. For the year 2018, the company was therefore towards the upper end of the forecast range of EUR 600 to EUR 620 million. The indications are that the operating result (EBIT) will be at the lower end of the forecast range of EUR 30 to EUR 32 million, as expected. The negative trend in the financial result continued in the fourth quarter, in a reflection of market conditions.

The company plans further organic growth for the financial year in progress of 2019 and expects to generate consolidated revenue of EUR 620 to EUR 640 million. Within this context the company anticipates further growth in its international sales markets and a continuing improvement in its position in the German heating market, building on the process that started in the previous year. The company will also invest further in the international expansion of business activities and the digitalization of its products and processes. On this basis, the company expects full-year EBIT amounting to EUR 31 to EUR 33 million.