HTI High Tech Industries AG

euro adhoc: HTP High Tech Plastics AG
Annual Reports
HTP’s preliminary annual result for fiscal 2003 (E)

--------------------------------------------------------------------- Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement. --------------------------------------------------------------------- * Restructuring expenditure and high depreciation cause EBIT of EUR - 6.7 million and positive EBITDA of EUR 1.5 million * Sales target achieved with expected EUR 81.5 million (plus 15 %) * New order entries of about EUR 100 million increase order level to almost EUR 360 million With a preliminary EBIT of nearly EUR -6.7 million for fiscal 2003, the HTP High Tech Plastics AG will record a clearly negative result. In the second half of the past year, a large number of determinants was leading to this deterioration in result. First of all, the restructuring of the precise injection molding company with regard to the mold service has to be mentioned. On the one hand, the company was consolidating the Tribuswinkel and Neudörfl sites under one roof in Neudörfl and thus has established a new technology center which is mainly focusing on special mold service and injection molding of precise and smallest parts. Furthermore, in the past year, HTP has been resizing its mold service capacities at the Fohnsdorf location since in future this site will primarily produce molds for HTP’s own requirements. For third parties, HTP will only manufacture technically demanding molds e.g. for multi-component injection molding. During the period under review, additionally the re-evaluation of inventories had an impact on the financial result. A one-time conversion of the evaluation basis was resulting in a difference of EUR 1.2 million, which is reflecting correspondingly on the result. Personnel expenditure (of EUR 31.5 million) was developing disproportionately compared to the company performance. This increase was mainly caused by efforts involved in the context of the integration of Kocian Kunststofftechnik acquired in February 2003 into the HTP Group as well as predevelopment and development activities for individual projects. However, despite the numerous restructuring measures, sales of the HTP Group were again developing positively. Sales increased by more than 15 % to EUR 81.5 million. Likewise, the order entry of EUR 100 million which resulted in an order level increase to almost EUR 360 million at December 31, 2003 is radiating positively. In order to create a solid basis for the profitable processing of the high order level, the Management strives to finalise the restructuring measures within the current year. ~ in EUR mn 2002 2003 Sales 70.5 81.5 EBITDA 5.6 1.5 EBIT -1.1 -6.7 ~ ~ end of announcement euro adhoc 31.03.2004 --------------------------------------------------------------------- Further inquiry note: Isolde Kühhas +43 664/3262647 Branche: Synthetics & Plastics ISIN: AT0000764600 WKN: 928963 Index: Prime Standard Börsen: Frankfurter Wertpapierbörse / official dealing Berliner Wertpapierbörse / free trade Bayerische Börse / free trade Hamburger Wertpapierbörse / free trade Börse Düsseldorf / free trade Baden-Württembergische Wertpapierbörse / free trade

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