Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

BWT Profit Falls 18% on Water-Filter Business Expansion

May 10 (Bloomberg) -- BWT AG, an Austrian maker of water-purification equipment, said first-quarter net income fell almost 18 percent to 3.6 million euros from a year earlier as the company expanded in the water-filter business.

BWT’s growth in water filters for end customers required higher spending on employees and production, spokesman Ralf Burchert said today in a telephone interview. Cost increases and a “difficult” situation in southern Europe means profit won’t rise this year even though BWT is targeting slightly higher sales, it said in a statement.

Revenue increased 0.6 percent to 119.8 million euros in the three months ended March, BWT said. Shares of the Mondsee, Austria-based company have risen almost 20 percent over the past year.

To contact the reporter on this story: Alexander Weber in Vienna at aweber45@bloomberg.net

To contact the editor responsible for this story: Mariajose Vera at mvera1@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.