EANS-Adhoc: Polytec Holding AG
Results for the first quarter 2012
09.05.2012 – 07:58
-------------------------------------------------------------------------------- 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. -------------------------------------------------------------------------------- 3-month report 09.05.2012 - Group sales declined by 38.5 % to 123.5 mill. EUR - EBIT margin of 7.2 % - Equity ratio of 47.4 % - Net Cash position of 20.9 mill. EUR - Outlook 2012 confirmed EUR mill Q1 2012 Q1 2011 CHANGE IN % Sales 123.5 200.8 -38.5% EBITDA 12.2 15.2 -19.7% EBIT 8.9 9.3 -4.3% Net income 7.6 8.0 -5.0% EBITDA margin 9.9% 7.5% EBIT margin 7.2% 4.7% Earnings per share 0.33 0.35 Group sales declined by 38.5% to EUR 123.5 million in the first quarter of 2012. On a comparable basis, i.e. adjusted for the effects of the divestment of the Interior-Systems business - group sales increased by 3% year-on-year. EBITDA for the first quarter 2012 decreased by 19.7% to EUR 12.2 million. The disposal of the Interior-Systems site in Zaragoza - following the closing of the transaction on January 3, 2012 - led to a deconsolidation gain of roughly EUR 0.6 million. Including this deconsolidation gain, EBITDA margin amounted to 9.9% (Q1 2011: 7.5%). Adjusted for this deconsolidation gain, EBITDA margin was 9.4% in the first quarter of 2012. The decline in financing costs is mainly attributable to the signifi-cant reduction in bank liabilities and the short-term investment of cash and cash equivalents. Long-term interest-bearing account receivables, which are shown in the balance sheet, also contributed to the significant improvement of financial results. All in all, the POLYTEC GROUP achieved a net result of EUR 7.6 million in the first quarter of 2012. This corresponds to earnings per share of EUR 0.33 compared to EUR 0.35 in the previous year. OUTLOOK Excluding unpredictable negative effects resulting from the escalation of the European sovereign debt crisis, the potential instability of financial markets and the lack of consumer confidence, the POLYTEC GROUP still expects group sales to amount to EUR 500 million for the full year 2012. The operating result for the full year 2012 is expected to match the level in 2011 adjusted for the effects from the deconsolidation gain as a result of the disposal of the Interior-Systems business. The full report is available for download on www.polytec-group.com Further inquiry note: Manuel TAVERNE POLYTEC GROUP Investor Relations Tel.+43(0)7221/701-292 manuel.taverne@polytec-group.com end of announcement euro adhoc -------------------------------------------------------------------------------- issuer: Polytec Holding AG Linzer Straße 50 A-4063 Hörsching phone: +43 (0) 7221 / 701-0 FAX: +43 (0) 7221 / 701-0 mail: investor.relations@polytec-group.com WWW: www.polytec-group.com sector: Industrial Components ISIN: AT0000A00XX9 indexes: ATX Prime stockmarkets: official market: Wien language: English