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Gleisdorf, May 10, 2012. In the first quarter of 2012, Binder+Co, the
Gleisdorf-based specialist for processing, environmental and
packaging technology received 8.6% more orders than in the comparable
period of 2011. Sales revenues and EBIT remained at the level of the
preceding year. Order backlog rose by 24.1%.
Karl Grabner, from the Binder+Co Management Board: „We can be
satisfied with the first quarter of 2012 and assume that the coming
months will continue to show solid demand. If so, sales revenues and
the result for the year should exceed those of 2011. In addition,
this year business will get under way at both our new Comec-Binder
S.r.l. and Bublon GmbH subsidiaries.
The upward trend in Binder+Co order intake that commenced in mid-2010
continued in the first quarter of 2012, although the increase was
somewhat more moderate than in the preceding year. All in all, in the
period under report, Binder+Co acquired new orders worth EUR 21.57
million, which corresponded with a rise of 8.6% over the comparative
period of 2011. The solid order intake at the beginning of the year
enabled the attainment of sales revenues of EUR 17.47 million and
thus the retention of the positive level of the previous year
(Q1/2011: EUR 17.34 million). In spite of the initial losses at both
the new Comec-Binder S.r.l. and Bublon GmbH subsidiaries, EBIT
remained stable at EUR 1.03 million (Q1/2011: EUR 1.10 million).
Order backlog as at March 31, 2012 amounted to EUR 32.91 million,
which represented a 24.1% increase over the value for the previous
year and a rise of 14.2% since year-end 2011.
Processing Technology remains the strongest source of sales revenues
In the first quarter of 2012, Processing Technology again provided
the largest share of sales revenues with an increase of 16.5% to EUR
9.33 million. This Segment supplies the construction materials, stone
and earth industries with machinery for the comminution, thermal
processing, screening and sorting of bulk goods. Due to initial
losses at the new Comec-Binder S.r.l. and Bublon GmbH subsidiaries,
which are both allotted to the Processing Technology Segment, as
compared to the preceding year the EBIT contribution fell from EUR
0.67 million to EUR 0.43 million. However, order intake was up at EUR
11.86 million (March 31, 2011: EUR 9.03 million)
Environmental Technology shows an increase in EBIT Sales revenues in
the Environmental Technology Segment, which focuses on sorting
machines for glass and plastics recycling, were well below the EUR
7.04 million of the previous year at EUR 5.11 million. This was due
to a decline in large volume system and plant orders. However, single
machine, spare part and service business, which offers solid margins,
facilitated a 23.1% improvement in EBIT to EUR 0.48 million. The
volume of new orders also increased, rising to EUR 6.22 million
(March 31, 2011: EUR 6.04 million).
Packaging Technology continues to make sizeable progress 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 quarter of
2012, its sales revenues rose by 32.3% to EUR 3.03 million and EBIT
trebled to EUR 0.12 million. Moreover, owing to the fact that segment
order intake contains a large percentage of contracts in the spare
part and services sector, which offers sizeable margins, this figure
also developed satisfactorily and amounted to EUR 3.49 million
(Q1/2011: EUR 4.80 million).
Good order backlog provides a positive outlook Order backlog as at
March 31, 2012 stood at EUR 32.91 million, which was 24.1% up on the
comparable value of the previous year (March 31, 2011: EUR 26.52
million). The management assumes that this stable demand trend will
continue in the coming months and therefore sales revenues and the
result for 2012 will exceed those of the preceding year.
Workforce enlarged The positive business trend resulted in an
increase in employee numbers. As at March 31, 2012, the workforce
totalled 328, which was 1.9% up on the year-end figure for 2011.
Sizeable investments at the Gleisdorf location The new and rebuilding
projects commenced at the Gleisdorf location in 2011 continued during
Q1/2012 with investment amounting to EUR 1.66 million.
Binder+Co share gains 43% Having commenced the year at a level of EUR
21.32, by March 31, 2012 the price of the Binder+Co share, which is
traded on the mid market of the Vienna Stock Exchange, had risen by
43.1% to EUR 30.50.
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
end of announcement euro adhoc
issuer: Binder+Co Aktiengesellschaft
phone: +43 3112 800-363
FAX: +43 3112 800-320
sector: Machine Manufacturing
indexes: mid market
stockmarkets: Third Market: Wien