BWT Records Declining Profits

Businessn.a. ♦ Published: February 13, 2012; 11:30 ♦ (Vindobona)

The Austrian water technology company sees its revenue target met, earnings were affected by brand building. Dividends have to be cut substantially.

BWT Records Declining Profits / Picture: © BWT

In the year 2011, reporting preliminary figures, BWT Group achieved revenues of € 478.8m, 3.9% more than in 2010 (€ 460.7m). On a constant consolidation basis, revenue growth was 8.9%. Group EBIT amounts to € 21.5m (previous year: € 31.5m). The decline of earnings is mainly due to the investment programme started in 2011, comprising spending for the further expansion of the…