EANS-Adhoc: Polytec Holding AG / Results for the business year 2009 - After a difficult year 2009 the curve is pointing upward again

--------------------------------------------------------------------------------
ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
distribution. The issuer is solely responsible for the content of this
announcement.
--------------------------------------------------------------------------------

13.04.2010

Against the backdrop of strong declines in production volumes within the
passenger car, heavy goods and commercial vehicle segments as a result of the
global economic recession, a decline in all earnings figures of POLYTEC GROUP
was recorded.

Units     2009  2008 adjusted
Sales                           EUR mill  607,0 768,3
EBITDA                          EUR mill. 10,2  50,2
EBITDA-margin                   %         1,7   6,5
EBIT before restructuring costs EUR mill. -22,4 13,9
EBIT after restructuring costs  EUR mill. -30,2 13,9
EBIT-margin                     %         -5,0  1,8

The downward market trend in the automotive industry and, most specifically, in
the commercial vehicle segment which started unfolding at year-end 2008,
continued throughout the reporting year resulting in a group sales decline of
21.0% to EUR 607.0 million and a considerable decline in group operating income,
which turned negative. EBITDA remained positive totalling EUR 10.2 million, as
the successful implementation of restructuring measures in the second half of
the reporting year led to positive EBITDA margins.

OUTLOOK 2010

Automotive Systems Division - For the full-year 2010, sales are expected to show
a slight increase. Due to the clear positioning of this division as a supplier
of the European premium segment, no negative effects are anticipated from the
termination of various European scrappage schemes. Besides, in the light of the
expected positive sales development and the further implementation of
optimization measures, the division´s operating income is anticipated to
increase in the 2010 business year.

Automotive Composites Division - Against the backdrop of the current general
market development, there are few signs at present of a long-term recovery of
the Automotive Composites Division, despite a slight increase at the beginning
of 2010. However, based on the implementation of sales and cost optimization
measures which will become fully effective in 2010, the situation has already
been improved. In the event that capacity utilisation does not show a further
improvement in the course of 2010, the company does not rule out the possibility
of putting in place additional restructuring measures upon termination of
short-time working schemes.

Car Styling Division and Other Business Segments - As these business segments
performed quiet well in the financial year 2009, and also the current order
situation is positive for both, a further positive development of the results
can be expected.

For detailed information regarding the full year results 2009 and further
details on the forecast report we refer either on the annual report 2009 or the
annual financial report 2009. Both reports are available for download -
www.polytec-group.com

Further inquiry note:
Manuel TAVERNE
POLYTEC GROUP
Investor Relations
Tel.+43(0)7221/701-292
[email protected]
end of announcement euro adhoc
--------------------------------------------------------------------------------

issuer: Polytec Holding AG
Linzer Straße 50
A-4063 Hörsching
phone: +43 (0) 7221 / 701-0
FAX: +43 (0) 7221 / 701-0
mail: [email protected]
WWW: www.polytec-group.com
sector: Industrial Components
ISIN: AT0000A00XX9
indexes: ATX Prime
stockmarkets: official market: Wien
language: English

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

print