euro adhoc: Implenia AG / Financial Figures/Balance Sheet / First half of 2007: Implenia continues its momentum (E)

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13.09.2007

D i e t l i k o n, 13 September 2007 - The Implenia Group, created with the
merger of the two most important Swiss construction companies, Zschokke and
Batigroup, achieved excellent results - in line with the high expectations -
in the first half of 2007. The operating result (EBIT) amounts to CHF 12.8
million. Taking into account integration costs, exceptional fees and
depreciation of intangible assets, amounting to a total of CHF 6.7 million, the
Group result stands at CHF 3.5 million. Turnover in the first half-year
progressed by 5% over the same period last year, reaching CHF 1.444 billion. For
the whole year, thanks to the good level of the order books in all fields of
activity, the Group Management is counting on a turnover of about CHF 3.0
billion and, after extraordinary charges, a good result for the Group.

"Developments since the merger decision have confirmed our expectations and
convictions", underlined Christian Bubb, CEO of Implenia, adding: "Implenia is
now able to consolidate its position as undisputed leader in all of its fields
of activity in Switzerland, but also to capture specifically targeted and very
attractive markets abroad".

As at 30 June, equity reached CHF 369.8 million. At the end of July 2007, the
order volume of the entire Group amounted to CHF 2696 million, spread over a
number of years.

Adaptation of the operational structure
Considering the present and future market needs, the operational structure of
the Group has been changed: Implenia is now structured in four Divisions. The
Real Estate Division, including the company General Contractor, groups the
services provided upstream and downstream of the actual construction activity,
such as project development, engineering and real estate services. In
construction, the Infra Division groups traditional activities, i.e. building,
civil engineering, roads and special construction works. The Tunnels and Total
Contractor Division is specialised in major infrastructure projects, in
particular tunnels and railway engineering. The Global Solutions Division is
responsible for all activities abroad.

Real Estate Division
Over the whole year 2007, the Real Estate Division (real estate, engineering,
general contracting) should achieve a turnover of about CHF 1305 million and an
operating result (EBIT), before extraordinary charges, of about CHF 33.2
million. At the end of July, the volume of orders amounted to CHF 1196 million.
The Division is positioned as a provider of innovative, global or partial
solutions to private or institutional real estate investors.

Infra and Tunnels/Total Contracting Divisions (construction works)
Over the whole year, the turnover of construction activities should amount to
CHF 1682 million. The expected operating result (EBIT), before extraordinary
charges, amounts to about CHF 40 millions. At the end of July, the volume of
orders amounted to CHF 1499 million, mainly in underground construction works,
spread over a number of years. The net improvement over the year 2006 is mainly
due to the impact of synergies, which are becoming notable.

Global Solutions Division
This division leads and coordinates all international activities. It groups all
available expertise within the Group, offering it to an international clientele
in carefully targeted regions and segments of activity. It concentrates on two
key areas of competence: infrastructure solutions and services for the
construction of High Quality Buildings. A number of orders have already been
booked or developed in Russia and the Middle East. Notably, Global Solutions has
been entrusted with the preliminary study, including design, for the
construction of two stadiums, in the Russian city of Sotchi, to host the Winter
Olympics of 2014.

Still no agreement with Laxey Partners
In the spring of this year, 2007, the British fund Laxey Partners, acquired, in
secret, a block of shares, and then officially announced that its holding
amounted to 22.9%. As its intentions still remain rather unclear, the Board of
directors persists in its refusal to register the shares held by Laxey Partners
beyond the 4.9% of the share capital already registered. Indeed, considering the
legislation in force (Lex Koller), the registration of the entire holding would
entail the destruction of the values created so far and would threaten, or
prevent the development of Implenia in line with the strategy adopted, which has
now demonstrated its worth. The Board of directors remains determined to uphold
its decision not to register any other shares held by Laxey and thus protect the
interests of the majority of our shareholders.

Favourable prospects
Thanks to our strong order books, in all divisions of the Group, the 2007
turnover should exceed last year's and reach about CHF 3000 million. Despite the
extraordinary charges posted to the entire accounting period, the Management
expects a good full-year result. For 2007, the balance of the costs of
integration and depreciation of intangible assets should amount to about CHF
19.5 million. In coming years, the effects of the synergies created by the
merger should also contribute to an improvement of the results in the low margin
construction activities.

Further inquiry note:
Christian Bubb, CEO Implenia
Phone +41 44 805 45 55, Mobile +41 79 219 86 80
E-mail christian.bubb@implenia.com

Roger Merlo, CFO Implenia
Phone +41 22 787 03 17, Mobile +41 79 353 78 10
E-mail roger.merlo@implenia.com

end of announcement euro adhoc 13.09.2007 07:00:00
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emitter: Implenia AG
Industriestrasse 24
CH-8305 Dietlikon
phone: +41 43 233 38 60
mail: roger.merlo@implenia.com
WWW: www.implenia.ch
sector: Building materials
ISIN: CH0023868554
indexes: SPI, SSCI, SPIEX
stockmarkets: official market: SWX Swiss Exchange
language: English

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