EANS-Adhoc: BWT Aktiengesellschaft / BWT reports first quarter 2011 figures

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3-month report

06.05.2011

• Start of the Point of Use investment programme • Disposal of the
zeta Group • Results of the first three months 2011: Sales +3.2% to
EUR 115.6 million, EBIT -20.2% to EUR 6.2 million, net income
-33.8% to EUR 3.6 million

In the first quarter 2011, consolidated Group sales of BWT grew by
3.2% from EUR 112.0 million to EUR 115.6 million. The recent
consolidation of the zeta Group in particular had a dampening effect
on growth, organic revenues growth for the BWT Group was 6.1% in Q1.

Effects arising out of zeta, additional marketing expenses and
declining earnings in Italy / Spain had their mark on the results in
the first quarter of 2011. In the first three months, the BWT Group
achieved an EBITDA of EUR 10.1 million, EUR 1.2 million (10.9%) less
than last year. EBIT reached EUR 6.2 million after EUR 7.8 million in
the same quarter of last year, net earnings after minorities were EUR
3.6 million (-33.8%) due to a lower financial result and higher tax
ratio.

Elevated capital expenditure, the build-up of working capital and the
share buyback led to gearing increasing to 18.4% (last year: 16.5%),
the equity ratio amounted to 46.8% as at March 31st. Due to the
disposal of the zeta Group, the number of employees declined to 2,692
(after 2,820 as at December 31st, 2010).

Andreas Weissenbacher, CEO of the BWT Group, says: "In the first
three months, organic growth is in line, the previous revenues target
of EUR 500 million for 2011 is to be revised in light of the disposal
of the zeta Group to around EUR 470 million. Our target for earnings
remains at EUR 1 per share. Since the first quarter, the EUR 75
million investment programme, the largest in the history of BWT,
expanding production, logistics and development capacities in Mondsee
is underway. The patented Magnesium Mg2+ technology is the foundation
representing a revolutionary milestone in water technology.
Advertising activities for the launch of the brand "BWT" with end
consumers supporting the promotion of Point of Use devices like
coffee machine and table water filters will commence shortly."

The Quarterly Report is available on our homepage www.bwt-group.com
in section Investor Relations.

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

Further inquiry note:

BWT Aktiengesellschaft
Mag. Ralf Burchert
ralf.burchert@bwt-group.com
Tel.: 06232/5011-1113

Branche: Water Supply
ISIN: AT0000737705
WKN: 884042
Index: ATX Prime
Börsen: Wien / official market