02.12.2003 – 13:46

Dr. Hönle AG

euro adhoc: Dr. Hönle AG
Annual Reports
Rocketing Sales and Profit Levels at Hönle (E)

  Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.

Gräfelfing/Munich, 2 December 2003

According to preliminary figures, Hönle (ISIN: DE 0005157101)
increased sales revenues by 33 % at group level from TEUR 13,285 to
TEUR 17,723 in financial year 2002/2003. Earnings before interest and
taxes (EBIT) climbed from TEUR -1,419 in the previous financial year
to TEUR 2,005 in 2002/2003. The EBIT margin is 11.3 %. Earnings
before taxes (EBT) improved from TEUR -873 to TEUR 2,520 and net
income for the year rose from TEUR -1,066 to TEUR 1,850, an after-tax
yield of 10.4 %.

As before, Hönle’s capital ratio is 83 per cent. Liquid assets and
financial assets grew by 6 % from TEUR 15,175 in the previous year to
TEUR 16,098. The total liquid assets and financial assets inventory
as at 30 September 2003 is EUR 3.07 per share.

Three factors contributed to this sales and income improvement which
was achieved despite rather subdued economic development:

- As a result of the Company’s orientation as a systems supplier,
Hönle is increasingly regarded as a competent and systems
solution-oriented supplier of systems, lamps and adhesives.
- Hönle’s IPO significantly improved the Company’s awareness level;
stronger than before, the Company is regarded as a reliable
UV-supplier by technology and global market leaders.
- Owing to sound balance sheet structures, Hönle is regarded as a
long term business partner, and this is of increasing importance in
today’s market environment.

Hönle succeeded in opening up interesting new areas of UV
application. In comparison with the previous year, demand has also
improved perceptibly in the USA and in traditional printing
applications.

Outlook:
Hönle recorded a significant upswing in demand, in particular during
the last six months of the financial year. Orders received in the
last quarter as well as the state of the order book at the end of the
financial year indicate that the positive sales and income
development will continue. This assessment is supported by the great
interest in Hönle products observed in recent trade fairs.

end of announcement        euro adhoc 02.12.2003

Further inquiry note:

Peter Weinert, phone: 004989-85 608-173, fax: 004989-85 608-148,
e-mail: ir@hoenle.de

Branche: Instrument Engineering
ISIN: DE0005157101
WKN: 515710
Index: CDAX, Prime All Share, Prime Standard, Technologie All Share
Börsen: Frankfurter Wertpapierbörse / regulated dealing
Niedersächsische Börse zu Hannover / free trade
Berliner Wertpapierbörse / free trade
Bayerische Börse / free trade
Hamburger Wertpapierbörse / free trade
Bremer Wertpapierbörse (BWB) / free trade
Börse Düsseldorf / free trade
Baden-Württembergische Wertpapierbörse / free trade