euro adhoc: BWT Aktiengesellschaft / Financial Figures/Balance Sheet / BWT 2005: Strategic refocusing started with growth of EBIT (+9.8%) and net income (+12.6%)

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Disclosure announcement transmitted by euro adhoc.
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08.03.2006

CHRIST WATER TECHNOLOGY AG and its subsidiaries were deconsolidated
on October 31, 2005 in accordance with international accounting
regulations. This means that the "AST - Aqua Systems Technology"
segment and its results are included in the consolidated profit and
loss account as at October 31, 2005.

Consolidated BWT Group sales containing only ten months of AST
totaled EUR463.5 million in the 2005 financial year, 5% below the
previous year’s figure of EUR488.1 million.

Segment (figures excluding internal sales) 2005 2004 +/- %
Aqua Ecolife Technologies (AET) 315.0 312.1 +0.9%
Aqua Systems Technologies (AST) *) 147.3 173.2 -15.0%
Fuel Cell Membrane Technologies (FCMT) 1.2 2.8 -57.1%
Total 463.5 488.1 -5.0%
*) Note: 2005 only January to October

The sales decline is attributed to the absence of sales in the "AST"
- Aqua Systems Technologies segment for the final two months of the
2005 financial year following the spin-off of this segment.
Consequently, sales in the AST segment declined by 15% year-on-year
from EUR173.2 million to EUR147.3 million. The moderate growth in the
AET segment is due primarily to the decline in sales in France where
a reduction of 3.3% was posted in 2005 after several years of
above-average growth. The servicing and spare parts business made an
above-average contribution to the sales performance in 2005: with
almost EUR65 million (+8.9% against 2004), 20.5% of AET sales were
generated in this area, against 18.7% the previous year.

EBIT and consolidated earnings increased

In spite of the results of the AST segment, which was only
consolidated for ten months, earnings from operating activity (EBIT)
and consolidated earnings after minority interests both performed
positively in the 2005 financial year as compared with 2004. EBIT
increased by 9.8% from EUR24.6 million to EUR27.0 million and
consolidated earnings improved by 12.6% from EUR16.8 million to
EUR19.0 million despite the non-inclusion of the high-yielding months
of November and December in the AST segment.

EBIT broke down by segment as follows:

Segment 2005 2004 +/- %
Aqua Ecolife Technologies (AET) 26.3 30.8 -14.6%
Aqua Systems Technologies (AST) 1.3 -5.5 X
Fuel Cell Membrane Technologies (FCMT) -0.7 -0.7 +0.0%
Aqua Finance (AFI) 0.1 0.0 X
Total 27.0 24.6 +9.8%

The weaker earnings in the AET segment were the result of declining
sales in France accompanied by capacity reduction in servicing and
extra costs associated with the spin-off of the AST segment (approx.
EUR1.0 million)

Healthy balance sheet structure - increased dividend

As a result of the positive cash flow and the spin-off of CHRIST, the
net debt of the BWT Group has decreased from EUR74.7 million at
year-end 2004 to EUR36.3 million on December 31, 2005. Consequently,
gearing (net debt in relation to equity) improved from 53.9% to
37.9%.

The Management Board is planning to propose to the Annual General
Meeting that the dividend be increased to EUR0.30 per share (PY:
EUR0.27).

Outlook

Following the spin-off of the "AST - Aqua Systems Technologies"
segment, the BWT - Best Water Technology - Group is to concentrate in
future on developing, producing, marketing and servicing series
products for water treatment under the slogan "Safety, hygiene and
health - BWT water technologies for a better life". BWT’s management
has declared its goals to be geographical expansion with increased
growth beyond the European Union (primarily in the growth markets of
Eastern Europe and Asia) as well as the expansion of the product
range.

The robust balance sheet situation and a strong cash flow form the
basis for implementation of these goals. An above-average sales and
earnings increase in the AET - Aqua Ecolife Technologies segment is
expected to be achieved, particularly in the second half of 2006. For
the 2006 financial year as a whole, the BWT Group can look forward to
sales of EUR330 million and consolidated earnings in excess of EUR20
million following the spin-off of the AST - Aqua Systems Technologies
segment.

end of announcement euro adhoc 08.03.2006 08:05:04
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ots Originaltext: BWT AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
BWT AG, A-5310 Mondsee, Walter-Simmer-Str. 4
Andreas Weißenbacher, CEO
Tel. +43 6232 5011 1111
Gerhard Speigner, CFO
Tel. +43 6232 5011 1112

Ralf Burchert, CEFA, Investor Relations & Corporate Communications
Tel. +43 6232 5011 1113, Fax +43 (0)6232 5011 1109,
E-Mail: ralf.burchert@bwt.at

Branche: Water Supply
ISIN: AT0000737705
WKN: 884042
Index: ATX Prime
Börsen: Wiener Börse AG / official market