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PRESS RELEASE: Villeroy & Boch in the 2013 financial year

DGAP-News: Villeroy & Boch AG / Key word(s): Final Results Villeroy & Boch in the 2013 financial year

07.02.2014 / 11:30

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Press Release Mettlach, 7 February 2014

* Group result up 63 % year-on-year at Euro 24 million (previous year: Euro 15 million)

* Operating EBIT up 17 % to Euro 36 million, EBIT including real estate income amounts to Euro 43 million (+40 %)

* Consolidated revenue unchanged year-on-year at Euro 745 million

Consolidated revenue unchanged year-on-year - highest growth recorded in Germany

The Villeroy & Boch Group generated revenue of Euro 745 million in the 2013 financial year, in line with the figures it recorded in the previous year (+0.2 %). Revenue adjusted for currency effects increased by Euro 8 million or 1.3 %. The Group recorded its highest revenue growth in its domestic market of Germany, where revenue rose by Euro 10 million year-on-year to Euro 213 million. Elsewhere in Europe, the Group achieved notable revenue growth in Spain (+8 %) and Scandinavia (+3 %). The weakness of the construction industry led to lower revenue in the Netherlands (-7 %), France (-6 %) and Italy (-4 %) in particular. Outside Europe, business in the Asia/Pacific/Africa region developed positively (+5 %). The encouraging revenue performance in China (+4 %) was responsible for this to a large extent. In the Americas region, technical effects in connection with the change to the distribution model in the Bathroom and Wellness Division in particular meant that revenue declined by 13 %.

Operating result up 17 % on the previous year, group result increases by 63 % to Euro 24 million

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PRESS RELEASE: Villeroy & Boch in the 2013 financial year

PRESS RELEASE: Linde AG: Linde and Nynas conclude hydrogen on-site contract

DGAP-News: Linde AG / Key word(s): Contract Linde AG: Linde and Nynas conclude hydrogen on-site contract

07.02.2014 / 09:00

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Linde and Nynas conclude hydrogen on-site contract

- Modern hydrogen plant to be built in Hamburg-Harburg

- Investments of EUR 30 million

Munich, 7 February 2014 - The technology company The Linde Group has signed a long-term contract with Nynas AB, one of the world leaders in the naphthenic specialty oils (NSP) and the bitumen business, for the on-site supply of hydrogen at Nynas' refinery in Hamburg, Germany. To this end, the Linde Engineering Division will build a state-of-the-art steam methane reformer plant with total investments accounting to around EUR 30 million.

'Nynas and Linde already look back on a long and successful relationship, especially in Sweden,' said Professor Dr Aldo Belloni, Member of the Executive Board of Linde AG. 'We are supplying Nynas with natural gas from our LNG terminal near Stockholm. We are more than happy to expand our excellent cooperation to Germany now.'

The project is part of a major restructuring of the Hamburg-Harburg refinery, which over the next two years will be converted into a specialized NSP production site. By this, Nynas will increase its overall NSP production capacity by forty per cent. These specialty oils are used for many different applications, such as tires, transformers, printing inks, industrial rubber and lubricants.

The new hydrogen facility is scheduled to go on-stream in the fourth quarter of 2015 and will be operated by the Linde Gases Division. With a capacity of 400,000 m of hydrogen per day it will be able to also supply other hydrogen customers in the Hamburg harbour area.

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PRESS RELEASE: Linde AG: Linde and Nynas conclude hydrogen on-site contract