euro adhoc: HTI - High Tech Industries AG / quarterly or semiannual financial statement / FIRST HALF-YEAR 2007: HTI WITH CLEARLY IMPROVED EARNINGS FIGURES - EBIT MORE THAN QUADRUPLED (E)

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08.08.2007

FIRST HALF-YEAR 2007: HTI WITH CLEARLY IMPROVED EARNINGS FIGURES - EBIT MORE
THAN QUADRUPLED

Sales almost doubled - EBITDA: TEUR 8,419 (+ 80%) - EBIT: TEUR 3,247 (+ 317%) -
EBT and consolidated result clearly positive - Higher profitability and
productivity since strategic reorientation - Outlook on entire year remains
positive

The HTI High Tech Industries AG, listed on the Vienna Prime Market looks back on
a very successful first half-year of 2007. "As already in the first three
months, earnings figures significantly increased - in both, the second quarter
as well as for the entire half-year", summarises HTI Management Board Member
Peter Glatzmeier.
Compared to the previous year´s period (first half-year 2006: TEUR 38,432),
sales almost doubled to TEUR 74,805 and on June 30, 2007 already nearly reached
the prior year´s overall level. The EBITDA increased by
80% to TEUR 8,419 (TEUR 4.683). The EBIT rose from TEUR 779 in the first
half-year of 2006 to TEUR 3,247 in the period under review and thus more than
quadrupled; the operating income (EBT) of TEUR 1,730 (first half-year of 2006:
TEUR -409) now turned clearly positive. Likewise, the consolidated result turned
from TEUR -740 in the first half-year of 2006 to TEUR 1,647.
This increase in profitability is mainly resulting from the strategic
reorientation of the company and the strengthened earnings performance of the
plastics segment after the successful restructuring. With the corporate
integration of the newly acquired companies Gruber & Kaja Druckguss- und
Metallwarenfabrik GmbH into the newly established segment "metal" as well as the
BBG Baugeräte GmbH in the segment "mechanical engineering", the HTI High Tech
Industries´ field of industrial activities became significantly wider. The new
and profitable segments perform according to plan and with TEUR 28,887 (metal)
and TEUR 7,576 (mechanical engineering) generate nearly half of consolidated
sales. The plastics segment accounts for slightly more than
51% of sales (TEUR 38,343).
For the first time since the end of 2005, in the first half-year of 2007, HTI
achieved a clearly positive consolidated result margin of +2.2% (first half-year
of 2006: -1.9%). The positive effects of the new business model likewise show in
the other earnings margins. The EBIT-margin more than doubled from 2.0% in the
first half-year of 2006 to 4.3% in the first half-year of 2007; the EBT-margin
turned from -1.1% to 2.3%. During the second quarter, all above mentioned
margins improved in comparison with the first quarter. This reflects the
successful integration of the new companies in the Group and shall continue
during the entire year.

The development of the core segment plastics still remains positive. The new
building of the production plant in Slovakia is near completion and besides the
ongoing production site optimisation, first new orders are already contracted.
The process optimisation of the two previous years reflects in a considerable
increase in the segment´s EBIT, which improved from TEUR 779 to TEUR 1,083.

Peter Glatzmeier, member of the HTI Management Board is satisfied: "We are
pleased that all expected and intended positive effects of this strategy change
show up already in the figures and obviously are also recognised by the market."

In the first half-year of 2007, the cash flow statement is on the one hand
strongly influenced by the initial consolidation of the Gruber & Kaja Druckguss-
und Metallwarenfabrik GmbH and the BBG Baugeräte GmbH and on the other hand by
the issue of the corporate bond in the amount of EUR 20 million. In the first
six months of the current business year, gross cash flow more than doubled from
TEUR 3,049 to TEUR 6,965. In the reference period, the cash flow from operating
activities increased from TEUR 2,249 to TEUR 7,866. As of June 30, 2007, cash
and cash equivalents increased from TEUR 18,274 to TEUR 25,159 - mainly due to
the bond issue.

As a result of the newly integrated companies, the number of employees
considerably increased. As of June 30, 2007 the HTI Group employed 1,124 persons
and thus 400 people more than in the first half-year of 2006. Due to the higher
profitability, sales per employee rose from TEUR 58 to TEUR 70. With the new
group structure, as at the end of June, net debt increased from TEUR 23,487 to
TEUR 52,040, which, compared to the end of 2006, led to and increase in gearing
from 75% to 115%.

The outlook on the entire year 2007 remains positive. For both, sales and
earnings, the company keeps its forecast given on the occasion of the
announcement of the restructuring.

Key figures of the HTI Group according to IFRS
first HY 2007 first HY 2006 changes in %

Total sales TEUR 74,805 38,432 +94.64 %
Plastics segment TEUR 38,343 38,432 -0.23 %
Metal segment TEUR 28,887 0
Mechanical engineering segment TEUR 7,576 0
EBITDA TEUR 8,419 4,683 +79.78 %
EBIT TEUR 3,247 779 +316.82 %
EBT TEUR 1,730 -409
Consolidated result TEUR 1,647 -740
EBITDA-margin % 11.3 12.2 -7.38 %
EBIT-margin % 4.3 2.0 +115.00 %
EBT- margin % 2.3 -1.1
Consolidated result-margin % 2.2 -1.9
Earnings per share EUR 0.13 -0.09

Total assets TEUR 196,265 93,212 +110.56 %
Equity ratio % 23 32 -28.13 %
Gearing % 115 53 +116.98 %
Capital expenditure in tangible
and intangible fixed assets TEUR 8,716 3,727 +133.86 %
Depreciation / amortisation TEUR 5,172 3,904 +32.48 %
Gross cash flow TEUR 6,965 3,049 +128.44 %
Cash flow from operating
activities TEUR 7,866 2,249 +249.76 %

Headcount at closing date Number 1,124 690 +62.90 %
Sales per employee TEUR 70 58 +20.69 %

Please find further information on our company website: www.hti-ag.at.

Further inquiry note:
HTI High Tech Industries AG, Birgit Hochenegger-Stoirer, Peter Glatzmeier,
Members of the Management Board, Phone: +43 (0) 2622 460 -0,
Fax: + 43 (0) 2622 460 - 1102, [email protected], [email protected]

Hochegger Financial Relations GmbH, Dieter Riedlinger, Phone: +43 1 504 69
87-44, Fax: +43 1 504 69 87 60, [email protected]

end of announcement euro adhoc 08.08.2007 08:00:00
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emitter: HTI - High Tech Industries AG
Fabriksgelände 1
A-7201 Neudörfl
phone: +43 (0)2622/460-0
FAX: +43 (0)2622/460-1102
mail: [email protected]
WWW: http://www.hti-ag.at
sector: Holding companies
ISIN: AT0000764626
indexes: WBI
stockmarkets: official market: Wiener Börse AG
language: English

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