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Polytec Holding AG

EANS-Adhoc: Polytec Holding AG
Results for the business year 2009 - After a difficult year 2009 the curve is pointing upward again

  ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
  distribution. The issuer is solely responsible for the content of this
  announcement.
annual report
13.04.2010
Against the backdrop of strong declines in production volumes within 
the passenger car, heavy goods and commercial vehicle segments as a 
result of the global economic recession, a decline in all earnings 
figures of POLYTEC GROUP was recorded.
Units     2009  2008 adjusted
Sales                           EUR mill  607,0 768,3
EBITDA                          EUR mill. 10,2  50,2
EBITDA-margin                   %         1,7   6,5
EBIT before restructuring costs EUR mill. -22,4 13,9
EBIT after restructuring costs  EUR mill. -30,2 13,9
EBIT-margin                     %         -5,0  1,8
The downward market trend in the automotive industry and, most 
specifically, in the commercial vehicle segment which started 
unfolding at year-end 2008, continued throughout the reporting year 
resulting in a group sales decline of 21.0% to EUR 607.0 million and 
a considerable decline in group operating income, which turned 
negative. EBITDA remained positive totalling EUR 10.2 million, as the
successful implementation of restructuring measures in the second 
half of the reporting year led to positive EBITDA margins.
OUTLOOK 2010
Automotive Systems Division - For the full-year 2010, sales are 
expected to show a slight increase. Due to the clear positioning of 
this division as a supplier of the European premium segment, no 
negative effects are anticipated from the termination of various 
European scrappage schemes. Besides, in the light of the expected 
positive sales development and the further implementation of 
optimization measures, the division´s operating income is anticipated
to increase in the 2010 business year.
Automotive Composites Division - Against the backdrop of the current 
general market development, there are few signs at present of a 
long-term recovery of the Automotive Composites Division, despite a 
slight increase at the beginning of 2010. However, based on the 
implementation of sales and cost optimization measures which will 
become fully effective in 2010, the situation has already been 
improved. In the event that capacity utilisation does not show a 
further improvement in the course of 2010, the company does not rule 
out the possibility of putting in place additional restructuring 
measures upon termination of short-time working schemes.
Car Styling Division and Other Business Segments - As these business 
segments performed quiet well in the financial year 2009, and also 
the current order situation is positive for both, a further positive 
development of the results can be expected.
For detailed information regarding the full year results 2009 and 
further details on the forecast report we refer either on the annual 
report 2009 or the annual financial report 2009. Both reports are 
available for download - www.polytec-group.com
end of announcement                               euro adhoc

Further inquiry note:

Manuel TAVERNE
POLYTEC GROUP
Investor Relations
Tel.+43(0)7221/701-292
manuel.taverne@polytec-group.com

Branche: Industrial Components
ISIN: AT0000A00XX9
WKN: A0CA1R
Index: ATX Prime
Börsen: Wien / official market

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