Thielert AG continues on its growth course

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Hamburg (euro adhoc) - Thielert AG has reported an increase in turnover of 57
percent to a total of EUR 63.2 (previous year: 40.2) million for the first nine
months of the 2007 financial year with the Aircraft Engines segment making a key
contribution here with sales up by 108 percent at EUR 38.5 (18.5) million. Over
the same period, the Technology & Prototyping segment recorded revenue growth of
14 percent totalling EUR 24.7 (21.8) million.

The key earnings indicators EBITDA, EBIT and EBT all enjoyed positive
development too. EBITDA at EUR 16.5 (11.9) million exceeded the previous year´s
level by 38 percent. EBIT rose by 39 percent to EUR 12.7 (9.1) million, while
EBT at EUR 10.6 million outperformed that of the previous year by 32 percent
amounting to EUR 8.1 million. On the basis of overall development, consolidated
profit stood at EUR 8.1 (5.4) million.

The winning of new OEM customers affected the growth significantly, but also
lead to the high start-up funding needs for serial production purposes and for
further product development with regard to the engines CENTURION 2.0 and
CENTURION 4.0. Nevertheless, an overall positive development in cash flow is
apparent, which is expected to continue in the last quarter assuming business
develops as planned. It should also be pointed out in this connection that net
financial liabilities and the ratio of working capital to sales have both
declined.

Key data of Thielert AG according to IFRS

Sales (01.01.-30.09.2007): 63.2 million Euro
Sales (01.01.-30.09.2006): 40.2 million Euro
Sales (Changes): 57%

Gross profit on sales (01.01.-30.09.2007): 30.3 million Euro
Gross profit on sales (01.01.-30.09.2006): 26.1 million Euro
Gross profit on sales (Changes): 16.3%

EBITDA (01.01.-30.09.2007): 16.5 million Euro
EBITDA (01.01.-30.09.2006): 11.9 million Euro
EBITDA (Changes): 38%

EBIT (01.01.-30.09.2007): 12.7 million Euro
EBIT (01.01.-30.09.2006): 9.1 million Euro
EBIT (Changes): 39.1%

EBT (01.01.-30.09.2007): 10.6 million Euro
EBT (01.01.-30.09.2006): 8.1 million Euro
EBT (Changes): 31.8%

Consolidated net profit (01.01.-30.09.2007): 8.1 million Euro
Consolidated net profit (01.01.-30.09.2006): 5.4 million Euro
Consolidated net profit (Changes): 50.6%

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Aircraft Engines Segment

Sales (01.01.-30.09.2007): 38.5 million Euro
Sales (01.01.-30.09.2006): 18.5 million Euro
Sales (Changes): 108%

Gross profit on sales (01.01.-30.09.2007): 20.7 million Euro
Gross profit on sales (01.01.-30.09.2006): 12.1 million Euro
Gross profit on sales (Changes): 71%

EBITDA (01.01.-30.09.2007): 13.2 million Euro
EBITDA (01.01.-30.09.2006): 7.2 million Euro
EBITDA (Changes): 84%

EBIT (01.01.-30.09.2007): 10.8 million Euro
EBIT (01.01.-30.09.2006): 5.9 million Euro
EBIT (Changes): 83%

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Technology & Prototyping Segment

Sales (01.01.-30.09.2007): 24.7 million Euro
Sales (01.01.-30.09.2006): 21.8 million Euro
Sales (Changes): 13.6%

Gross profit on sales (01.01.-30.09.2007): 9.6 million Euro
Gross profit on sales (01.01.-30.09.2006): 13.9 million Euro
Gross profit on sales (Changes): -31%

EBITDA (01.01.-30.09.2007): 3.3 million Euro
EBITDA (01.01.-30.09.2006): 4.8 million Euro
EBITDA (Changes): -31%

EBIT (01.01.-30.09.2007): 1.8 million Euro
EBIT (01.01.-30.09.2006): 3.2 million Euro
EBIT (Changes): -42.3%

Outlook
In view of the weak US dollar, increasing energy and raw material prices, and a
lack of qualified staff, export-oriented German engineering manufacturers and
aviation companies are facing special challenges. In the current year, the
market for piston aircraft has exhibited a negative trend, with a minus of 6
percent. Aircraft that are equipped with a kerosene piston engine ex-works, i.e.
the models of Thielert customers Diamond Aircraft Industries and Apex Aircraft,
have thus far been an exception. The volume of incoming orders and orders on
hand for Thielert aircraft engines continues to increase. Apart from existing
OEM customers, in particular new customer business, which is being continually
expanded, will play a major role in this regard. Moreover, the company is also
pushing the development of the Technology & Prototyping segment, particularly
the integration of Superior Air Parts. Key components and systems continue to be
manufactured, and development orders continue to be executed for defence
technology customers. Existing business relations will further intensified.
Provided developments proceed according to plan, this perspective will be
reflected in the financial figures. "Even with this more difficult market
environment it is still possible to achieve our revenue targets", said Frank
Thielert, CEO and president of Thielert AG.

The complete interim financial report is available on the internet at:
www.thielert.com.

Further inquiry note:
Sebastian Wentzler
Head Corporate Communication
Telefon: +49 (37204) 6961270
E-Mail: press@thielert.com

end of announcement euro adhoc 14.11.2007 07:00:27
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emitter: Thielert AG
Helbingstraße 64-66
D-22047 Hamburg
phone: +49(0)40-696950-0
FAX: +49(0)40-696950-50
mail: info@thielert.com
WWW: http://www.thielert.com
sector: Machine Manufacturing
ISIN: DE0006052079
indexes: SDAX, CDAX, Prime All Share, Classic All Share
stockmarkets: regulated dealing/prime standard: Börse Frankfurt, free trade:
Börse Berlin, Börse Hamburg, Börse Stuttgart, Börse Düsseldorf,
Börse München
language: English

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