PR Newswire/euro adhoc/
EANS-Information of Significance: Binder+Co Aktiengesellschaft / Binder+Co sales
revenues show a marked increase in Q13/2012
Information Of Significance transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement.
Press release / Main company information
Gleisdorf, November 13, 2012. As compared to the same period of the preceding
year, during Q13/2012, Binder+Co, the international specialist for processing,
environmental and packaging technology, which has its headquarters in
Gleisdorf/Austria, was able to raise its sales revenues by 10.2%. EBIT and order
intake remained stable at the level of the preceding year, totalling EUR 4.98
million and EUR 64.90 million respectively. Order backlog at the end of
September 2012 was slightly lower at EUR 34.80 million.
Karl Grabner, from the Binder+Co Management Board: Our sales revenues in the
first three quarters of 2012 showed clear expansion and despite the scheduled
losses of our new subsidiaries, EBIT remained stable. We continue to assume that
growth will be achieved for the year as a whole, even though order intake in the
summer months slowed slightly.
The tangible upward trend in Binder+Co order intake that commenced in mid-2010
lost some of its momentum during the summer of 2012. Therefore, following the
growth of the first half-year, Binder+Co order intake in Q13 amounted to EUR
64.90 million and thus remained at the level of the preceding year (Q13/2011:
EUR 65.07 million). Nonetheless, the solid order intake from the beginning of
the year formed the basis for sales revenues of EUR 58.89 million and thus an
increase of 10.2% (Q13/2011: EUR 53.43 million). Moreover, EBIT remained steady
at a solid EUR 4.98 million in spite of the scheduled initial losses at the
Comec-Binder S.r.l. and Bublon GmbH subsidiaries, which specialize in
comminution technology and the marketing of an innovative technology for the
production of a pure and natural base composite for construction materials with
outstanding insulation and soundproofing. Order backlog as at September 30, 2012
amounted to EUR 34.8 million, which was 2.3% lower than the 2011 value
(September 30, 2011: EUR 35.61 million) and reflected the general economic
situation in Europe.
Processing Technology sales revenues and order intake both considerably higher
In the first three quarters of 2012, Processing Technology again provided the
largest share of sales revenues with an increase of 23.4% to EUR 28.06 million.
This Segment supplies the construction materials, stone and earth industries
with machinery for the comminution, screening, thermal treatment and sorting of
bulk goods. Due to initial losses at the Groups newest subsidiaries
(Comec-Binder S.r.l., taken over in July 2011 and Bublon GmbH, founded in
January 2012), which are both allotted to the Processing Technology Segment, as
compared to the preceding year the EBIT contribution fell from EUR 2.26 million
to EUR 1.72 million. However, order intake improved markedly, rising to EUR
33.74 million (Q13/2011: EUR 19,84 million).
Environmental Technology sales revenues and EBIT both higher
Sales revenues in the Environmental Technology Segment, which focuses on
classification machines for glass and plastics recycling, totalled EUR 20.59
million and therefore showed a small increase (Q13/2011: EUR 19.96 million).
EBIT improved tangibly, rising to EUR 2.25 million (Q13/2011: EUR 1.66
million). The marked fall in order intake to EUR 18.66 million (Q13/2011: EUR
32.26 million) was the result of delayed decisions regarding the allocation of
several large-volume systems contracts.
Packaging Technology remains solid
The Packaging Technology Segment manufactures high-performance open mouth
bagging machinery for free flowing bulks such as fertilizers, plastic granulate,
seeds, foods, feedstuffs and salts, and is managed by the independent subsidiary
Statec Binder GmbH. In the first nine months of 2012, its sales revenues
remained stable at the solid level of the preceding year and amounted to EUR
10.24 million (Q13/2011: EUR 10.74 million). However, at EUR 1.01 million EBIT
fell just short of the good comparative figure for 2011 (Q13/2011: EUR 1.06
million). Order intake also developed satisfactorily, for although at EUR 12.50
million it was slightly lower than the EUR 12.97 million of 2011, third quarter
business in the spare part and services sector, which offers sizeable margins,
remained constant at a high level and was thus responsible for the strong EBIT
margin of 9.9%.
Positive outlook for the year as a whole
In spite of the fact that, as compared to the value of the previous year
(September 30, 2011: EUR 35.61 million) order backlog as at September 30, 2012
fell marginally by 2.3% to EUR 34.80 million, in view of the stable situation
with regard to single machine order receipts and the expectation of large volume
systems orders in the near future, the management continues to assume that the
overall sales revenues for 2012 will exceed those of the preceding year.
Binder+Cos expansion strategy also had an effect on employee numbers. As at
September 30, 2012, the workforce totalled 342, which was roughly 10% up on the
figure for September 30, 2011.
Sizeable investments at the Gleisdorf location
The new and rebuilding projects commenced at the Gleisdorf location in 2011
continued during the first three quarters of 2012 with investment amounting to
EUR 5.50 million. The focus of this spending was on a new entrance area, the
general renovation of a 5,000 m2 production hall and the purchase of a new laser
The Binder+Co share makes considerable gains
Having commenced the year at a level of EUR 21.32, by September 30, 2012 the
price of the Binder share, which is traded on the mid market of the Vienna Stock
Exchange, had risen by 26.6% to EUR 27.00.
The Binder+Co Group
Binder+Co AG is a specialist in the field of processing, environmental and
packaging technology and the world market leader in the screening and glass
recycling segments. The company was listed on the Vienna Stock Exchange at the
end of 2006 and is now part of the Third Market in the mid market segment. The
Binder+Co Group consists of Binder+Co AG, the two fully owned subsidiaries
Comec-Binder S.r.l. and Bublon GmbH, and the Statec Binder GmbH joint venture.
In 2010, Binder+Co was awarded the Austrian National Innovation Prize for its
successful implementation of inventive capacity and in 2011 received the Best
Open Innovator Award of the Zeppelin University Friedrichshafen as the top SME
in the D-A-CH region.
Further inquiry note:
Karl Grabner, Member of the Management Board
issuer: Binder+Co Aktiengesellschaft
phone: +43 3112 800-363
FAX: +43 3112 800-320
sector: Machine Manufacturing
indexes: mid market
stockmarkets: Third Market: Wien
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-0- Nov/13/2012 07:41 GMT
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