EANS-Adhoc: A-TEC Industries AG / Report for the First Quarter 2010
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.
17.05.2010
Highlights:
- Order intake down by 15.6%, from EUR 426.6m to EUR 360.2m, dented by a decline in orders in the Plant Construction Division which outweighed strong performances from the other three divisions.
- Order backlog of EUR 2.0 billion (bn) as at the end of March 2010 - 5.2% down on the year-end 2009 figure of EUR 2.1bn.
- Group revenue up by 0.9% to EUR 697.8m thanks to a strong showing from the Minerals & Metals Division.
- EBITDA virtually unchanged year on year at EUR 50.6m (Q1 2009: EUR 50.7m), with robust earnings in Plant Construction and Minerals & Metals balancing weaker performances from the other two divisions.
- Slight fall in Group EBIT to EUR 37.9m (Q1 2009: EUR 38.7m); EBIT margin of 5.4% (Q1 2009: 5.6%).
- Decline in net finance costs to EUR 14.2m (Q1 2009: EUR 16.9m), due to an improvement in the Drive Technology Division, mainly caused by the reduction of the negative exchange rate effects experienced in the comparative period. - Earnings before tax (EBT) 8.7% higher in the period under review, at EUR 23.7m (Q1 2009: EUR 21.8m).
- Higher income tax expense due to higher earnings before tax in Plant Construction and Minerals & Metals Division, resulting in a profit for the period of EUR 12.7m compared to EUR 14.3m in the like period of 2009. - Management standing by the guidance for 2010 given at the time of publication of the annual results for 2009: revenue EUR 2.7bn, EBIT margin around 3%.
Group Results Q1 2010 Q1 2009 % change A-TEC Group (EUR m) Revenue 697.8 691.6 0.9 EBITDA 50.6 50.7 -0.2 EBIT 37.9 38.7 -2.1 EBIT margin 5.4% 5.6% EBT 23.7 21.8 8.7 Profit for the period 12.7 14.3 -11.2 Order intake 360.2 426.6 -15.6 Order backlog (as at 31 March) 1,999.0 3,099.6 -35.5 Investment* 8.6 15.3 -43.8 Employees** (as at 31 March) 11,662 12,687 -8.1
* Investment comprises additions to intangible assets, and property, plant and equipment.
** Full-time equivalent including staff at discontinued operations and apprentices.
For more details please read our report for the first quarter 2010 on our website under www.a-tecindustries.com
end of announcement euro adhoc
issuer: A-TEC Industries AG
Wächtergasse 1
A-1010 Wien
phone: +43 1 22760
FAX: +43 1 22760-160
mail: office@a-tecindustries.com
WWW: http://www.a-tecindustries.com
sector: Holding companies
ISIN: AT00000ATEC9
indexes: ATX Prime
stockmarkets: Regulated free trade: Wien
language: English
Rückfragen & Kontakt:
Investor Relations
Gerald Wechselauer
Phone: +43 1 22760 - 130
Email: ir@a-tecindustries.com
Press Office A-TEC Industries AG
Claudia Müller-Stralz
Pleon Publico Public Relations & Lobbying
Phone: +43-1-71786-107
E-Mail: claudia.mueller@pleon-publico.at
