euro adhoc: A-TEC Industries AG / Financial Figures/Balance Sheet / Final Financial Results 2007 of A-TEC Industries (E)

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

09.06.2008

Vienna, 9 June 2008: A-TEC Industries AG (ISIN AT00000ATEC9) is announced the
final results of the A-TEC Industries Group for the 2007 financial year today.
Highlights
- Revenue for 2007 was up by 48.1% to EUR 2,361.0 million (m).
- EBITDA rose by 32.8 % to EUR 166.3m
- EBIT rose by 1.4% from EUR 92.0m to EUR 93.3m; the EBIT margin edged down to
4.0% (2006: 5.8%).
- EUR 29.0m in impairments of goodwill and intangible assets was recognised in
the Drive Technology Division. This has no impact on operational performance or
the liquidity of the Company.
- Profit before tax was EUR 49.2m (2006: EUR 78.6m)
- Consolidated profit for the year before results from discontinued operations
fell by 48.5% to EUR 45.1m
- Consolidated profit for the year dropped from EUR 80.3m in the previous year
to EUR 27.7m
- Net debt was up by EUR 481.6m to EUR 548.5m and net gearing 138.4% (31 Dec.
2006: 21.0%) at year end 2007. When adjusted for the block of shares in Cumerio
which has already been sold and the part-sale of the shares in Norddeutsche
Affinerie net gearing falls currently below 60%.

Group financial highlights       FY 2007      FY 2006*            %
                                   EUR m         EUR m       change
                                                                   
Revenue                          2,361.0       1,594.4         48.1
EBITDA                             166.3         125.2         32.8
Earnings before interest            93.3          92.0          1.4
and tax (EBIT)                                                     
EBIT margin                         4.0%          5.8%             
Earnings before tax (EBT)           49.2          78.6        -37.4
Consolidated profit for                                            
the year before result from         45.1          87.5        -48.5
discontinued operations                                            
Consolidated profit for the year    27.7          80.3        -65.5
                                                                   
Order intake                     1,938.8       1,775.0          9.2
Order book)                      2,322.6       1,521.7         52.6
(as at end of December                                             
Investment**                        71.1          73.7         -3.5
Head count (as at end of December)13,708        10,720         27.9

* Comparative period adjusted for construction contracts and the recognition of
deferred tax liabilities
** Investments consist of additions to intangible assets, property, plant and
equipment

Please find the annual financial report (in German only) on our website
www.a-tecindustries.com The English version of the annual financial report will
be published on the A-TEC website as of end of June 2008.

Further inquiry note:
Investor relations contact:
Gerald Wechselauer
Phone: +43 1 22760 - 130
Email: [email protected]

Press Contact:
A-TEC Industries AG Press Office
Claudia Müller-Stralz
Pleon Publico Public Relations & Lobbying
Phone: +43-1-71786-107
E-Mail: [email protected]

end of announcement euro adhoc
--------------------------------------------------------------------------------

emitter: A-TEC Industries AG
Wächtergasse 1
A-1010 Wien
phone: +43 1 22760
FAX: +43 1 22760-160
mail: [email protected]
WWW: http://www.a-tecindustries.com
sector: Holding companies
ISIN: AT00000ATEC9
indexes: ATX Prime
stockmarkets: Regulated free trade: Wiener Börse AG
language: English

OTS-ORIGINALTEXT PRESSEAUSSENDUNG UNTER AUSSCHLIESSLICHER INHALTLICHER VERANTWORTUNG DES AUSSENDERS - WWW.OTS.AT | OTB

print