EANS-Adhoc: Polytec Holding AG / Results of the first nine months 2009

--------------------------------------------------------------------------------
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.
--------------------------------------------------------------------------------

04.11.2009

The performance of the POLYTEC GROUP in the first nine months of 2009 continued
to be impacted by the weak economic development of the automotive industry,
although Q3 09 showed a certain low-level stabilization in the segments
concerned. The financial quarter under review was marked, like the previous
quarters of 2009, by considerable declines in both sales and earnings. In the
first nine months of 2009, group sales dropped by 27.1% to EUR 433.7 million. In
the first nine months of 2009, the implementation of a number of cost-saving
measures and the targeted increase in customer prices could not prevent a
negative EBITDA of EUR - 3.2 million.
However, this unfavourable development has to be viewed against the background
of a clearly negative EBITDA in Q1 2009 and cumulative results impacted by
restructuring expenses throughout the rest of the year. If the development of
key financial figures and the impact on results are considered on a quarterly
basis, Q3 09 EBITDA showed a positive trend for the first time since the
collapse of the automotive industry, totalling EUR 3.8 million compared to a
negative EBITDA of EUR -0.4 million in Q2 09. This was despite lower sales of
EUR 142.5 million compared to the previous quarter.

Million EURO                   Q3 2009   Q3 2008   1-9 2009   1-9 2008 
Sales                         142,5     182,3     433,7      595,2
EBITDA                        3,8       9,9       -3,2       46,6
EBIT                          -3,5      3,0       -25,1      26,1
                                                             
EBITDA margin                 2,7%      5,5%      -0,7%      7,8%
EBIT margin                   -2,4%     1,7%      -5,8%      4,4%
                                                             
EPS from continued operations -0,23     0,04      -1,31      0,75
EPS                           0,33      0,02      -3,05      0,72

OUTLOOK
The market development of the past 12 months has led to a dramatic decline in
POLYTEC GROUP´s sales and earnings, which in turn resulted in the disposal of
the PEGUFORM GROUP, acquired in autumn 2008. For the full year 2009, management
reiterates its guidance and based on the call-off order figures expected for Q4
2009 is confident that it will be possible to achieve total sales of EUR 600
million. Despite the steady improvement of results throughout the first three
quarters of the year, it is impossible to anticipate a positive EBIT for the
full year 2009. Efforts, to improve the results sustainable implemented during
the first quarter 2009, must be consequently continued also in the fourth
quarter 2009.

Further inquiry note:
Manuel TAVERNE
POLYTEC GROUP
Investor Relations
Tel.+43(0)7221/701-292
[email protected]
Ende der Mitteilung 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: [email protected]
WWW: www.polytec-group.com
sector: Industrial Components
ISIN: AT0000A00XX9
indexes: ATX Prime
stockmarkets: official market: Wien
language: English

OTS-ORIGINALTEXT PRESSEAUSSENDUNG UNTER AUSSCHLIESSLICHER INHALTLICHER VERANTWORTUNG DES AUSSENDERS - WWW.OTS.AT | OTB

print