euro adhoc: VA Technologie AG / other / VA TECH order intake in 2004 rise by 10% (E)

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

10.01.2005

  • Provisional figures: order intake of EUR 4.65 bn
  • Largest order growth for VAI and T&D
  • Confirmation of the improved result forecasts for 2005

On the basis of the provisional statistics for 2004, VA TECH order intake has developed in an extremely positive manner, rising to around EUR 4,650 m, an increase of 10% on the comparable figure for the preceding year (EUR 4,238 m).

In divisional terms, Metallurgy (VAI) contributed EUR 1,620 m (plus 41%) to order intake, Power Generation (VA TECH HYDRO) EUR 880 m (minus 16 %), Power Transmission and Distribution (VA TECH T&D) EUR 1,230 m (plus 9%), Infrastructure (VA TECH ELIN EBG, aii) EUR 840 m (plus 4%) and Water Systems EUR 180 m (minus 15%). The consolidation effect amounted to EUR 100 m.

As a consequence of this highly positive business performance, over 70% of the sales planned for 2005 are already secured by order backlog. Therefore, the VA TECH Managing Board has confirmed its improved forecast of a profit for the year 2005 of over EUR 66 m. Other decisive factors in this prediction are the successful completion of the restructuring programme in 2004, which resulted in a considerable reduction in fixed costs, and the sale or closure of unprofitable units.

Further inquiry note:
Bettina Pepek
Press Officer
Tel: 0043 189 100 3400
Fax. 0043 189 100 3431
bettina.pepek@vatech.at

emitter: VA Technologie AG Turmstraße 44 A-4031 Linz ISIN: AT0000937453

end of announcement euro adhoc

indexes:
stockmarkets:

sector: Technology language: English

OTS-ORIGINALTEXT UNTER AUSSCHLIESSLICHER INHALTLICHER VERANTWORTUNG DES AUSSENDERS | OTB0003