euro adhoc: A-TEC Industries AG
Financial Figures/Balance Sheet
Final
Financial Results 2007 of A-TEC Industries
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
annual report/Annual Financial Report 2007
09.06.2008
Vienna, 9 June 2008: A-TEC Industries AG (ISIN AT00000ATEC9) is announced the final results of the A-TEC Industries Group for the 2007 financial year today. Highlights - Revenue for 2007 was up by 48.1% to EUR 2,361.0 million (m). - EBITDA rose by 32.8 % to EUR 166.3m - EBIT rose by 1.4% from EUR 92.0m to EUR 93.3m; the EBIT margin edged down to 4.0% (2006: 5.8%). - EUR 29.0m in impairments of goodwill and intangible assets was recognised in the Drive Technology Division. This has no impact on operational performance or the liquidity of the Company. - Profit before tax was EUR 49.2m (2006: EUR 78.6m) - Consolidated profit for the year before results from discontinued operations fell by 48.5% to EUR 45.1m - Consolidated profit for the year dropped from EUR 80.3m in the previous year to EUR 27.7m - Net debt was up by EUR 481.6m to EUR 548.5m and net gearing 138.4% (31 Dec. 2006: 21.0%) at year end 2007. When adjusted for the block of shares in Cumerio which has already been sold and the part-sale of the shares in Norddeutsche Affinerie net gearing falls currently below 60%.
Group financial highlights FY 2007 FY 2006* %
EUR m EUR m changeRevenue 2,361.0 1,594.4 48.1 EBITDA 166.3 125.2 32.8 Earnings before interest 93.3 92.0 1.4 and tax (EBIT) EBIT margin 4.0% 5.8% Earnings before tax (EBT) 49.2 78.6 -37.4 Consolidated profit for the year before result from 45.1 87.5 -48.5 discontinued operations Consolidated profit for the year 27.7 80.3 -65.5
Order intake 1,938.8 1,775.0 9.2 Order book) 2,322.6 1,521.7 52.6 (as at end of December Investment** 71.1 73.7 -3.5 Head count (as at end of December)13,708 10,720 27.9
* Comparative period adjusted for construction contracts and the recognition of deferred tax liabilities ** Investments consist of additions to intangible assets, property, plant and equipment
Please find the annual financial report (in German only) on our website www.a-tecindustries.com The English version of the annual financial report will be published on the A-TEC website as of end of June 2008.
end of announcement euro adhoc
Further inquiry note:
Investor relations contact:
Gerald Wechselauer
Phone: +43 1 22760 - 130
Email: gerald.wechselauer@a-tecindustries.com
Press Contact:
A-TEC Industries AG Press Office
Claudia Müller-Stralz
Pleon Publico Public Relations & Lobbying
Phone: +43-1-71786-107
E-Mail: claudia.mueller@pleon-publico.at
Branche: Holding companies
ISIN: AT00000ATEC9
WKN:
Index: ATX Prime
Börsen: Wiener Börse AG / Regulated free trade