EANS-Adhoc: Polytec Holding AG / POLYTEC GROUP results of the first half 2010

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04.08.2010

In the period under review, POLYTEC GROUP´s key financial figures continued the
upward trend showed in the previous quarter, with group earnings recording
considerable growth.
This led, (for the first time since the unfolding of the economic and financial
crisis), to a positive net result for the period of EUR 4.3 million in Q2 2010
and to earnings per share of EUR 0.18. Group sales increased by 32.8% to EUR
201.1 million on a quarterly basis and by 25.6% to EUR 365.8 million in the
first half of 2010 in line with the development shown in Q1 2010. All segments
were able to profit from this outstanding performance by the automotive
industry. Due to this dynamic trend and the positive effects of the cost-cutting
measures implemented in the course of 2009, the group was able to achieve a
considerable improvement of EBITDA, which grew by EUR 23.6 million to EUR 16.6
million in the first half of 2010. This corresponds to an EBITDA margin of 4.5%.
Group EBIT rose by EUR 24.6 million to EUR 3.0 million in the period under
review.

2010   Q2 2009  Change in %  H1 2010   H1 2009  Change in %
Sales                201,1     151,4     32,8%       365,8     291,2     25,6%
EBITDA               13,0      -0,4                  16,6      -7,0      
EBIT                 6,2       -7,8                  3,0       -21,6     
Net income           4,3       -20,5                 -1,2      -74,6     
                                                                               
EBITDA margin        6,5%      -0,3%                 4,5%      -2,4%     
EBIT margin          3,1%      -5,2%                 0,8%      -7,4%     
                                                                                
Earnings per share   0,18      -0,94                 -0,07     -3,39

OUTLOOK

Based on the dynamic development of the automotive and commercial vehicle
industry throughout the first six months of 2010 and the forecasts for the
second half of the year, total group sales of EUR 700 million are expected for
the full year 2010. Although sales forecasts for the full-year became firmer
compared to March 31, 2010, the further development of the earnings situation
remains largely uncertain. If the current market trend also continues in the
second half of 2010, a further improvement of results can be anticipated.

The half year financial report incl the segment reporting and the more detailed
outlook can be downloaded from www.polytec-group.com.
Der Halbjahresfinanzbericht inkl. Segmentberichtersattung und detalierten
Ausblick steht zum Download auf www.polytec-group.com bereit.

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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