euro adhoc: Thielert AG / Financial Figures/Balance Sheet / Thielert: Annual Result 2006 (E)

Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.


Hamburg - Aircraft engine manufacturer Thielert AG, quoted on the SDAX, is publishing its figures for the 2006 fiscal year in accordance with IFRS. Subject to the still outstanding audits of notes to the financial statements and management report, the auditors have announced that they will issue an unqualified opinion for revenues of 58.5 million euros and an EBT of 7.7 million euros. There are two important changes compared to the preliminary figures announced on 26 March 2006. Receivables from prior years, which were the subject of public criticism, were written off with an amount of 3.05 million euros. Furthermore revenues from development services with combined development and serial delivery orders are no longer included in the income statement. This change in accounting results in postponed revenues from 2006 to 2007 and beyond. In spite of the conservative accounting method selected in conjunction with the auditors, the company has been able to record an increase in sales of 55.6 percent compared to last year.

Profit situation of the overall Thielert Group in accordance with IFRS:

Sales 2006: 58.5 Mil. euros
Sales 2005: 37.6 Mil. euros
Change: 55.6 Percent

EBT 2006: 7.7 Mil. euros
EBT 2005: 9.1 Mil. euros
Change: -15.4 Percent

Further inquiry note:
Sebastian Wentzler
Head of Corporate Communication
Telefon: +49(0)40/696950-75

end of announcement euro adhoc

emitter: Thielert AG
Helbingstraße 64-66
D-22047 Hamburg
phone: +49(0)40-696950-0
FAX: +49(0)40-696950-50
sector: Machine Manufacturing
ISIN: DE0006052079
indexes: SDAX, CDAX, Prime All Share, Classic All Share stockmarkets: official dealing/prime standard: Frankfurter Wertpapierbörse, free trade: Börse Berlin-Bremen, Hamburger Wertpapierbörse, Baden-Württembergische Wertpapierbörse, Börse Düsseldorf, Bayerische Börse
language: English