CENTROTEC SUSTAINABLE AG (FRA:CEV) CENTROTEC SE: Year-end rally leads to increase of annual forecast 2020

Transparency directive : regulatory news

10/12/2020 20:23

DGAP-Ad-hoc: Centrotec SE / Key word(s): Profit Warning/Change in Forecast
CENTROTEC SE: Year-end rally leads to increase of annual forecast 2020

10-Dec-2020 / 20:23 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Brilon, December 10, 2020: Based on the now available, provisional figures for November 2020 and the development of the turnover in December, so far, CENTROTEC SE now anticipates full-year revenues in the order of EUR 710 million to 715 million (previous forecast EUR 690 million to 710 million). The operating result EBIT is expected in the range of EUR 48 million to 50 million (previous forecast EUR 43 million to 46 million).
This strong year-end rally is possibly the consequence of pre-emptive attempts to secure benefits of the reduced VAT-rates in Germany along with turnover of the new air-purifiers. In addition, the tightened restrictions on social distancing during the second wave of the Corona-pandemic have led to a significant reduction of travel and hospitality expenses in the period before Christmas.

CENTROTEC SE
CENTROTEC SE enjoys a presence in around 50 different countries through subsidiaries and sales partners. The principal group companies are Wolf, Brink Climate Systems and Ned Air in the Climate Systems segment, specializing in heating, climate control and ventilation technology e.g. in the form of solar thermal systems, CHP units and home ventilation systems with heat recovery, as well as Ubbink and Centrotherm in the Gas Flue Systems segment, with their focus on gas flue and air piping systems. CENTROTEC is consequently Europe's only listed full-service provider of heating and climate control technology, solar thermal systems and energy-saving solutions for buildings.
CENTROTEC SE, Am Patbergschen Dorn 9, D-59929 Brilon, Germany
ISIN: DE0005407506, WKN: 540750, home stock exchange: Frankfurt/ Main; indices: Prime All Share, Prime Industrial
For further information, contact:
CENTROTEC SE, Carsten Vogt, Manager Investor Relations, Tel.: +49 (0)2961 96631-103

10-Dec-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language:	English
Company:	Centrotec SE
	Am Patbergschen Dorn 9
	59929 Brilon
	Germany
Phone:	+49 (0)2961 96631-0
Fax:	+49 (0)2961 96631-100
E-mail:	ir@centrotec.de
Internet:	www.centrotec.de
ISIN:	DE0005407506
WKN:	540750
Listed:	Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID:	1154485


End of Announcement	DGAP News Service

1154485 10-Dec-2020 CET/CEST

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