19.11.2003 – 07:48

HTI High Tech Industries AG

euro adhoc: HTP High Tech Plastics AG
Quarterly or Semiannual Financial Statements
HTP High Tech Plastics AG - Third quarter earnings: (E)

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

• In the first three quarters of 2003 sales increased by about 7 % to
EUR 60.4 million 
• Current year’s earnings impacted by restructuring measures 
• Order entry of EUR 340 million on a high level  
• Turnaround expected for first half of 2004

Neudörfl (Austria), November 19, 2003.  HTP High Tech Plastics AG,
the precise injection molding company increased sales by 7.1 % to EUR
60.4 million during the first nine months of the current fiscal year
(corresponding period of the previous year: EUR 56.3 million). In the
first three quarters, earnings before interest, tax, depreciation and
amortisation improved significantly to EUR 5.4 million compared to
EUR 4.6 million in the past year. High depreciations as a consequence
of major capital expenditures during the last years however result in
a negative EBIT of EUR 658 thousand in the first nine months (prev.
year: -323,000).  
Earnings were particularly impacted by modified conditions and
necessary reorganisational measures in the Mold Service segment. In
this segment, HTP decided to focus on technologically highest molds
for its own production and third parties in order to escape the
competition and the increasing pressure on margins of low cost
producers.  This concentration already reflects on the third quarter
figures. Furthermore, modified commercial conditions of the Mold
Service result in an actual sales decrease during the period under
review.  Altogether, in the first three quarters of the current
fiscal year, sales of this segment decreased to EUR 14.7 million
after EUR 18.7 million in the previous year’s period and thus led to
negative earnings of minus EUR 572 thousand in this segment (prev.
year: 42,000).  
These changes in trading conditions and the resulting necessary
measures in the Mold Service combined with a still cautious demand of
the entire automotive industry will bring the HTP back to break-even
probably only in the first half of next financial year.  
However, the sales target of EUR 80 million for fiscal 2003 shall be
achieved. Already in the first three quarters, the order volume
amounted to EUR 72 million with which the total order entry adds up
to EUR 340 million on September 30, 2003.

Please find the full version of HTP’s Nine Months Report under
www.htp.at.

end of announcement        euro adhoc 19.11.2003

Further inquiry note:

HTP High Tech Plastics AG
Isolde Kühhas
IR-Manager of HTP High Tech Plastics AG
Phone: ++43 (0) 2622/460105
E-mail: investor@htp.at

or
Claudia Schumacher
Phone: ++49 (0)89/4892720
E-mail: claudia@schumachers.net

Branche: Synthetics & Plastics
ISIN: AT0000764600
WKN: 928963
Index: Prime Standard, SMAX
Börsen: Frankfurter Wertpapierbörse / official dealing
Berliner Wertpapierbörse / free trade
Bayerische Börse / free trade
Hamburger Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Baden-Württembergische Wertpapierbörse / free trade