Centrotec SE announced sales results for the year 2019. For the year, the company reported sales of EUR 651 million compared to EUR 614.7 million for the same period a year ago.

For the year 2020, the company plans for consolidated revenue of EUR 670 to 690 million. The company anticipates further growth in its international sales markets. In Germany, there will be a shift away from conventional heat generators, and towards hybrid solutions and heat pumps. The company will also invest further in the expansion of international business activities and the digitalization of its products and processes. On this basis, CENTROTEC expects EBIT in the order of EUR 34 to 36 million for the 2020 financial year.