EANS-Adhoc: BWT Aktiengesellschaft / BWT discloses results for the third quarter 2012 BWT continues investment programme

=------------------------------------------------------------------------------- ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement. =-------------------------------------------------------------------------------

09.11.2012

- Revenues +5% to EUR 380 million - EBIT -3% to EUR 20.6 million - Net result +2% to EUR 13.8 million - Outlook for the full year unchanged: Revenues EUR 500 million, stable net result

Mondsee, November 9, 2012. The BWT - Best Water Technology - Group generated consolidated revenues of EUR380.0 million in the first three quarters of the 2012 financial year. Revenues climbed by EUR18.2 million or 5.0% as against the previous year. BWT generated above average growth with its Point of Use products; EUR30.9 million signifies an increase in revenues of 17.5% as against the previous year and 8.1% (previous year: 7.3%) of revenues. Cumulatively after the first nine months, the BWT Group generated EBIT of EUR20.6 million, 3.2% less than in the previous year (EUR21.3 million). Consolidated earnings after non-controlling interests amounted to EUR13.8 million after the first nine months and were therefore 2.3% higher than the previous year's figure (EUR13.5 million) thanks to improved financial result and the slightly lower tax cost. In the third quarter consolidated earnings amounted to EUR2.4 million after around EUR2.8 million in the previous year. Earnings per share rose by 3.8% year-on-year to EUR0.82 as at the end of September as compared to EUR0.79 in the previous year.

Capital expenditure rose sharply as against the previous year from EUR16.2 million to EUR28.9 million. While the BWT Group's net debt increased from EUR22.9 million in the previous year to EUR31.4 million as at 30 September 2012, the gearing (defined as net financial liabilities in relation to equity) is at a low 18.3% after 14.1% in the previous year. The BWT Group's equity ratio was 48.1% as at 30 September 2012 and was therefore unchanged as against the previous year's figure.

Outlook The attainment of the goals advised to date for the current financial year, namely of consolidated revenues of EUR500 million and repeating the previous year's consolidated earnings of EUR14 million, is still realistic.

Andreas Weissenbacher: "We are aware that this strategy will squeeze earnings performance in the short to medium term on account of the ongoing investments for structural development and advertising, especially in the 'table water filters' product area. On the other hand, the new market presence of 'BWT - For You and Planet Blue' in BWT's classic Point of Entry business will lead to positive push and pull effects and therefore support sales in the long term. For 2013 we plan investments of more than EUR 50 million."

end of announcement euro adhoc =-------------------------------------------------------------------------------

(END) Dow Jones Newswires

   November 09, 2012 02:00 ET (07:00 GMT)- - 02 00 AM EST 11-09-12