EANS-Adhoc: POLYTEC HOLDING AG ("POLYTEC") signed an agreement with Toyota Boshoku Europe N.V. ("Toyota Boshoku") to sell its Interior segment

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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.
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09.06.2011

The Executive Board of POLYTEC decided to sell the Interior segment regardless
of the existing technological expertise in this area. The key motivation for
this strategic decision is the unpromising perspective to reach a global
footprint in a market that features high competitive pressure through a
selective group of competitors with a global presence. After diligent
examination of all viable alternatives POLYTEC´s Executive Board regards Toyota
Boshoku as the most expedient buyer taking into account the various interests of
shareholders, clients and employees.

At the same time POLYTEC is fully committed to expand its core business (i.e.
the Exterior business, injection moulded products and engine components as well
as motor compartment components and assemblies). Potential acquisition targets
with a high strategic fit to POLYTEC´s core business are reviewed on an ongoing
basis.

POLYTEC´s interior segment generated revenues of approximately 340 million EUR
in 2010 with around 2,000 employees. The interior segment comprises 8 sites, of
which 6 are located in Germany, one in South Africa and one in Poland. Main
products include door panels, roof liners as well as pillar trim panels. The
POLYTEC facility in Zaragoza, Spain, will not be sold.

The closing of the deal is contemplated for the end of June 2011. The
transaction will have a positive one-off effect on POLYTEC´s group results
within the single digit million EUR region and the equity ratio will amount to
around 40 % and instead of net financial debt (37.8 million EUR as of March 31st
2011) POLYTEC will record a net financial cash position. The detailed impacts on
the earnings and financial position of POLYTEC following the sale of its
Interior segment will be reported as part of the group´s ordinary half year
reporting on August 3rd 2011.

The disposal of the interior segment strengthens POLYTEC´s position in its core
business and will lead to an increase in the group´s average operating margin.
Furthermore management will gain essential flexibility to develop and expand the
group according to POLYTEC´s long term strategy.
About Toyota Boshoku group

Toyota Boshoku group, one of the world's premium interior systems suppliers and
filter manufacturers, develops and produces interior components, filtration and
power train components at its 87 operation sites all over the world. During the
fiscal period ending in March of 2011, Toyota Boshoku had sales of 8,696 million
Euro (consolidated), and operating income of 325 million Euro, positioning it as
the third largest interior manufacturer in the world, and the largest in Japan
(according to internal research).

Further inquiry note:
Manuel TAVERNE
POLYTEC GROUP
Investor Relations
Tel.+43(0)7221/701-292
[email protected]
end of announcement euro adhoc
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issuer: Polytec Holding AG
Linzer Straße 50
A-4063 Hörsching
phone: +43 (0) 7221 / 701-0
FAX: +43 (0) 7221 / 701-0
mail: [email protected]
WWW: www.polytec-group.com
sector: Industrial Components
ISIN: AT0000A00XX9
indexes: ATX Prime
stockmarkets: official market: Wien
language: English

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