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Bene announce their 3rd Qtr Results to October 2011

Thursday 15 December 2011

Aggregate sales for Bene Group for the 1st 9 months of 2011 were EUR 132.5m, 10.1 % higher than the same period of 2010. Sales in the UK, Germany and other markets showed considerable growth, lower sales in Austria (EUR 33.8m; 2010 EUR 40.8m) and Russia (EUR 9.8m; 2010 EUR 11.0mi) still reported slight declines in sales.

In Germany, Bene improved sales by 23.7 % to EUR 38.2 million in the first nine months of the current reporting period (Q1-Q3 2010/11: EUR 30.9 million). Several key projects resulted in a sales growth of EUR 1.8 million or 13.0 % to EUR 15.6 million in the UK (Q1-Q3 2010/11: EUR 13.8 million). Increased sales, the well-targeted control of the product portfolio in the different sales markets and the focus on high-margin projects had a positive effect on the earnings figures of the Bene Group. In the first nine months of the current financial year, the EBITDA increased to EUR 4.0 million and thus was significantly - EUR 6.4 million - higher than the previous year’s reference value (Q1-Q3 2010/11: EUR – 2.3 million). Likewise, the EBIT considerably improved after the first nine months of the current financial year. Although the EBIT still reported a negative value of EUR - 2.2 million, it was 74.9 % and thus clearly higher than the reference value of the previous year (Q1-Q3 2010/11: EUR - 8.7 million).

As at 31 October 2011, the Group employed 1,321 employees in total, 43 more than a year ago.


On the basis of the further increased incoming orders in the third quarter of 2011/12, the Management of the Bene Group expects once again a substantial growth in sales and a further improvement in earnings for the final quarter of 2011/12. Against this background, the Bene Group will probably significantly increase sales of the financial year 2011/12 and will report a positive EBIT.

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