SW Umwelttechnik Stoiser & Wolschner AG
Ad hoc-Service: SW Umwelttechnik 1st Quarter
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Press release 18 May 2000
SW Umwelttechnik: 1st Quarter 2000
a.. Rapid growth in 1st Quarter of 2000
b.. Turnover up by 125%, total output by 93%
Business for SW Umwelttechnik Stoiser & Wolschner AG in the
first quarter of 2000 was buoyant. Compared to the first
quarter of 1999, turnover was up 125% to EUR 8.5 mn (ATS 116.3
mn) and total output by 93% to EUR 9.1 mn (ATS 125.1 mn).
The reason for this excellent performance was the good progress
of the two newly consolidated Group companies (both acquired in
1999) – Strong (Hungary) and Stadlbauer Umwelttechnik
(Austria), as well as strong order books and the much more
favourable weather conditions in the first quarter compared
with last year. Of the turnover, 57% originates in Hungary and
43% in Austria.
The earnings position in the first quarter of 2000 is also
highly encouraging. Despite the rapid expansion of the Group,
both EBIT and POA are nearly at the same level as in the like
period of last year in absolute terms. The negative EBIT
margin, typical for the first quarter, narrowed from -28.8% in
1999 to -11.9% in 2000. High capacity utilization, and
indications of increased orders for the Group’s environmental
engineering business sector in Hungary were the main factors
behind this trend.
The SW Umwelttechnik Group is continuing to pursue its growth
strategy in 2000. It will be aiming to:
a.. Take advantage of favourable market conditions in the CEE
countries
b.. Develop niche markets through product innovation (e.g.
Aquamax)
c.. Exploit the earnings potential offered by the Internet
d.. Make strategic acquisitions for the core business sectors
In the light of this strategy, Management sees turnover for
2000 growing by at least EUR 58 mn (ATS 800 mn), and earnings
increasing significantly.
ATS ‘000 EUR ‘000
Q1-Q3 2000* Q1-Q3 1999* Q1-Q3 1999*Q1-Q3 2000* Change
1999-2000
Turnover 51,741 116,264 3,760.2 8,449.2 125%
Output 64,750 125,071 4,705.6 9,089.3 93%
EBIT -14,918 -13,790 -1,084.1 -1,002.2 8%
POA -13,811 -13,734 -1,003.7 -989.1 1%
* Consolidated group at the end of quarter
Contacts
Bernd Wolscher, member of the Management Board
Tel: (+43 7259) 31 35; fax: (+43 7259) 31 35 6.
Christian Riel, Finance/Investor Relations
Tel: 0664/433 71 05; fax: (+43 1) 368 86 86.
E-mail: christian.riel@sw-umwelttechnik.at
www.sw-umwelttechnik.at
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