euro adhoc: A-TEC Industries AG
Financial Figures/Balance Sheet
Financial
report for the First Nine Months of 2008
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
9-month report/Q3 2008
11.11.2008
Highlights: - Record Group order intake and backlog at EUR 2,789.8 million (m) (Q1-Q3 2007: EUR 1,312.6m) and EUR 3,470.4m (30. Sept. 2007: EUR 2,049.7m), respectively. - 53.4% jump in Group revenue to EUR 2,389.4m. - Earnings before interest, tax, depreciation and amortisation (EBITDA) for the first three quarters up by 10.6% to EUR 113.6m. Weaker result from the Minerals & Metals Division due to falling copper prices more than offset by earnings growth in Plant Construction and Machine Tools divisions. - Earnings before interest and tax (EBIT) up by 3.0% to EUR 75.3m; underlying EBIT, adjusted for one-time effects up by 35.0% to EUR 77.4m; like-for-like EBIT margin down from 3.7% to 3.2%. - Earnings before tax (EBT) up by 11.2 % to EUR 54.8m due improved financial result. - Consolidated profit for the period EUR 37.0m (Q1-Q3 2007: EUR 36.5m). - Net debt down from EUR 543.8m at year end 2007 to EUR 223.4m as at 30 September 2008. Net gearing reduced to 56.2% (31 December 2007: 146.0%) - Own shares acquired under buy-back scheme totalled 278,807 or 4.2% of share capital as at 30 September 2008. - Disposal of interests in Norddeutsche Affinerie (NA) completed during the third quarter. - Despite sharp copper price correction and worsening trading environment stable underlying EBIT for 2008 compared to 2007 expected.
Key figures 3Q 3Q change 1-9M 1-9M change A-TEC Industries 08 07* % 08 07* % (Mio. EUR) Revenue 767.0 611.2 25.5 2,389.4 1,557.9 53.4 EBITDA 21.4 36.1 -40.7 113.6 102.7 10.6 EBIT 8.9 25.2 -64.7 75.3 73.1 3.0 Adjusted EBIT 11.0 21.2 -48.1 77.4 57.3 35.0 EBIT margin 1.2% 4.1% 3.2% 4.7% EBT -7.9 11.6 - 54.8 49.3 11.2 Net income -9.1 0.8 - 37.0 36.5 1.5
Order intake 1,241.7 277.9 346.8 2,789.8 1,312.6 112.5 Order backlog (as of end of Sept) 3,470.4 2,049.7 69.3
Investment** 18.4 13.6 35.3 55.2 41.4 33.3 Employees (as of end of Sept) 14,214 11,632 22.2
*) Excluding the contribution of ATB Selni, which was recognised as a held-for-sale asset in accordance with IFRS 5 **) Investments consist of additions to intangible assets, property, plant and equipment
For more details please read our Financial Report First Nine Months of 2008 on our website 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
Email: ir@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