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10
May
2012

Cencorp releases fiscal results

Cencorp has released its fiscal results for January - March 2012. The company it expects sales to increase over the next year.
January-March 2012 Summary

-Cencorp Group's net sales were EUR 5.7 million (EUR 5.7 million).
-The order book at end of March stood at approximately EUR 4.3 million (EUR 7.4 million).
-EBITDA was EUR 0.4 million (EUR -1.4 million).
-Operating result was EUR -0.5 million (EUR -2.3 million).
-The EBITDA and operating result include a non-recurring sales profit of EUR 1.1 million.
-The Group's result before taxes amounted to EUR -1.0 million (EUR -3.0 million).
-The Laser and Automation Applications segment's net sales decreased by 25 percent to EUR 2.5 million (EUR 3.4 million) and its operating result was EUR 0.8 million (EUR -0.9 million).
-The Special Components segment's net sales increased by 31 percent to EUR 3.1 million (EUR 2.4 million) and its operating result improved to EUR 0.2 million (EUR -1.4 million).
-The Special Components segment's operating result includes a non-recurring sales profit of EUR 1.1 million following the sale of the Beijing plant mbuilding. .

Outlook

Despite the uncertain economic situation, Cencorp said in a statement that it estimates its net sales to increase compared to 2011 and the full-year EBITDA is estimated to be positive. The company said that restructuring to fulfill a new strategy will continue this year.
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