euro adhoc: A-TEC Industries AG
Financial Figures/Balance Sheet
A-TEC
Industries: Results for the first quarter 2008
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
3-month report/1Q 08
14.05.2008
Highlights - Increase of 72.9% in consolidated revenue to EUR 781.4 million (m), driven by all four divisions. - EBITDA more than doubled to EUR 51.7m (Q1 2006: EUR 22.3m), mainly reflecting a sharp rise in the earnings contribution of the Minerals & Metals Division. - Earnings before interest and tax (EBIT) amounted to EUR 38.6m (Q1 2007: EUR 13.3m). EBIT margin widened from 2.9 % to 4.9 %. - Earnings before tax (EBT) surged by 327.6% to EUR 32.5m - High copper prices in the first quarter of 2008 led to inventory write-ups of EUR 9.4m in the Minerals & Metals Division. - The takeover offer by Norddeutsche Affinerie AG (NA) values the 25% holding in Cumerio S.A. at EUR 30 per share; the German Federal Cartel Office ordered A-TEC to resell its 13.75% interest in NA. Consequently net debt was reduced by about EUR 235m so far. - A number of large contract wins by the Plant Construction Division and the continued strong demand encountered by the other divisions led to record order intake and backlog. - Management´s guidance for 2008 remains unchanged.
Key figures Q1 2008 Q1 2007* change in % A-TEC Industries AG (EUR m) Revenue 781.4 452.0 72.9 EBITDA 51.7 22.3 131.8 Operating income(EBIT) 38.6 13.3 190.2 EBIT-Margin 4.9 % 2.9 % Earnings before taxes 32.5 7.6 327.6
Order intake 713.5 478.4 49.1 Order book 2,570.0 1,719.9 49.4 (as at end of March) Investment** 22.4 12.3 82.1 Head count) 13,339 11,110 20.1 (as at end of March)
*) Comparative period adapted by changes of discontinued operations **) Investments consist of additions to intangible assets, property, plant and equipment
For more details visit our website under www.a-tecindustries.com
end of announcement euro adhoc
Further inquiry note:
Investor relations contact:
Gerald Wechselauer
Head of Investor Relations
Phone: +43 1 22760 - 130
Mobile: +43 (0)664 6104475
Email: gerald.wechselauer@a-tecindustries.com
Press contact:
Claudia Müller-Stralz
A-TEC Industries AG Press Office
Pleon Publico, Neulinggasse 37, A-1030 Vienna, Austria
Phone +43 (0)1 71786 direct dial 107
claudia.mueller@pleon-publico.at
Branche: Holding companies
ISIN: AT00000ATEC9
WKN:
Index: ATX Prime
Börsen: Wiener Börse AG / Regulated free trade