EANS-Adhoc: Polytec Holding AG / Results for the first quarter 2012

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3-month report

09.05.2012

– Group sales declined by 38.5 % to 123.5 mill. EUR
– EBIT margin of 7.2 %
– Equity ratio of 47.4 %
– Net Cash position of 20.9 mill. EUR
– Outlook 2012 confirmed

EUR mill Q1 2012 Q1 2011 CHANGE IN %
Sales 123.5 200.8 -38.5%
EBITDA 12.2 15.2 -19.7%
EBIT 8.9 9.3 -4.3%
Net income 7.6 8.0 -5.0%

EBITDA margin 9.9% 7.5%
EBIT margin 7.2% 4.7%

Earnings per share 0.33 0.35

Group sales declined by 38.5% to EUR 123.5 million in the first
quarter of 2012. On a comparable basis, i.e. adjusted for the effects
of the divestment of the Interior-Systems business – group sales
increased by 3% year-on-year. EBITDA for the first quarter 2012
decreased by 19.7% to EUR 12.2 million. The disposal of the
Interior-Systems site in Zaragoza – following the closing of the
transaction on January 3, 2012 – led to a deconsolidation gain of
roughly EUR 0.6 million. Including this deconsolidation gain, EBITDA
margin amounted to 9.9% (Q1 2011: 7.5%). Adjusted for this
deconsolidation gain, EBITDA margin was 9.4% in the first quarter of
2012. The decline in financing costs is mainly attributable to the
signifi-cant reduction in bank liabilities and the short-term
investment of cash and cash equivalents. Long-term interest-bearing
account receivables, which are shown in the balance sheet, also
contributed to the significant improvement of financial results.

All in all, the POLYTEC GROUP achieved a net result of EUR 7.6
million in the first quarter of 2012. This corresponds to earnings
per share of EUR 0.33 compared to EUR 0.35 in the previous year.

OUTLOOK

Excluding unpredictable negative effects resulting from the
escalation of the European sovereign debt crisis, the potential
instability of financial markets and the lack of consumer confidence,
the POLYTEC GROUP still expects group sales to amount to EUR 500
million for the full year 2012. The operating result for the full
year 2012 is expected to match the level in 2011 adjusted for the
effects from the deconsolidation gain as a result of the disposal of
the Interior-Systems business.

The full report is available for download on www.polytec-group.com

Further inquiry note:
Manuel TAVERNE
POLYTEC GROUP
Investor Relations
Tel.+43(0)7221/701-292
manuel.taverne@polytec-group.com

end of announcement euro adhoc
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issuer: Polytec Holding AG
Linzer Straße 50
A-4063 Hörsching
phone: +43 (0) 7221 / 701-0
FAX: +43 (0) 7221 / 701-0
mail: investor.relations@polytec-group.com
WWW: www.polytec-group.com
sector: Industrial Components
ISIN: AT0000A00XX9
indexes: ATX Prime
stockmarkets: official market: Wien
language: English

Quelle: http://www.presseportal.de/pm/59325/2249163/eans-adhoc-polytec-holding-ag-results-for-the-first-quarter-2012/api