HTI High Tech Industries AG

euro adhoc: HTP High Tech Plastics AG
Annual Reports
Annual result 2002 (E)

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• Sales increase despite subdued economy • Negative result due to project delays • Cautious optimistic outlook for 2003 • Attractive projects

Despite project postponements by customers due to the economic situation, in the fiscal year 2002, HTP was in a position to further increase sales, among other things, by the acquisition of short-term orders. In 2002, the Company was able to realise an increase in sales by 7.6 % to EUR 70.5 million (2001: EUR 65.5 million). HTP could further strengthen its good position in the automotive area - beside Audi, BMW, DaimlerChrysler, Jaguar, Porsche and VW, renowned suppliers as Intier, Johnson, Lear Corp. or Autoliv count among the company’s customers.

The EBIT for 2002, with minus EUR 1.07 million, remains below the previous year’s value (2001: EUR 0.76 million). The main reasons for this decline were high pre-serial expenses for projects of which serial production started only at the end of December 2002 respectively had to be postponed to the year 2003. Additionally, integration expenditures amounting to EUR 0.62 million - they served to eliminate duplications after the acquisition of the two Fohnsdorf companies as well as the use of synergies within the Group - had an impact on the result.  Against this background, consolidated earnings amount to minus EUR 1.5 million compared to EUR 0.1 million in the previous year.  Earnings per share come to minus EUR 0.29 (2001: EUR 0.02).

Despite the economic uncertainty, HTP’s management is confident of converting the very high level of orders booked at EUR 300 million into the corresponding revenues and expects a positive result for the year 2003.

end of announcement            euro adhoc 28.04.2003
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Further inquiry note: HTP High Tech Plastics AG Mag. Isolde Kühhas Tel.: 0664/3262647 Fax: 02253/20167 mailto:ikuehhas@htp.at

Branche: Synthetics & Plastics
ISIN:      AT0000764600
WKN:        928963
Index:    SMAX
Börsen:  Baden-Württembergische Wertpapierbörse / free trade
              Bayerische Börse / free trade
              Berliner Wertpapierbörse / free trade
              Börse Düsseldorf / free trade
              Hamburger Wertpapierbörse / free trade
              Frankfurter Wertpapierbörse / official dealing



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