HTI High Tech Industries AG

euro adhoc: HTI - High Tech Industries AG
quarterly or semiannual financial statement

-------------------------------------------------------------------------------- Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement. -------------------------------------------------------------------------------- quaterly report 15.05.2008 HTI AG CONTINUES GROWTH PATH Total sales up 21.6%, to TEUR 41,620 - EBITDA +11.4%, to TEUR 4,296 - EBIT increases by 15.3%, to TEUR 1,653 - Acquisitions of HTP Skinline, Theysohn and Technoplast concluded - Sales target in 2008 of about EUR 200 million St. Marien/Vienna, May 15, 2008. The first quarter of the current business year 2008 of HTI High Tech Industries AG featured the formal conclusion of the acquisitions of HTP Skinline (Plastics Processing segment) and Theysohn (Mechanical Engineering segment). In addition, HTI AG has pressed ahead with its market penetration of the Eastern European growth region by setting up a subsidiary for form molding in Brasov, Romania, thus laying the groundwork for further organic growth. In the first three months of 2008, total sales rose 21.6%, to TEUR 41,620, up from TEUR 34,232 in Q1 2007. Earnings before non-recurring items, interest, tax, depreciation and amortization (EBITDA) improved by 11.4%, to TEUR 4,296. The earnings before interest and tax (EBIT) rose 15.3%, from TEUR 1,434 to TEUR 1,653. Due to the disadvantageous exchange rate developments of the British pound and the US dollar, expenses involved in the expansion and transfer of the Gruber & Kaja plant to St. Marien, the integration of HTP Skinline and the restructuring of the German business operations following cancellation of a large contract, the operating margin declined slightly compared to the first quarter of 2007. The EBITDA margin in the period January - March 2008 was 10.3% (Q1 2007: 11.3%), whereas the EBIT margin amounted to 4.0% (Q1 2007: 4.2%). Earnings before interest and tax (EBT) decreased from TEUR 744 to TEUR 349. On balance, consolidated net profit fell from TEUR 683 to TEUR 311. Due to the increased number of outstanding shares, amongst other reasons, earnings per share in the first quarter of 2008 were EUR 0.02 (Q1 2007: EUR 0.06). The Metals Processing segment raised its total sales to TEUR 16,163 in the first three months of the 2008 business year, up from TEUR 11,836* in Q1 2007, although full production capacity had not yet been reached due to the transfer of the Gruber & Kaja machinery from the former production site to the new location in St. Marien. The segment´s results from operating activities amounted to TEUR 800 (Q1 2007: TEUR 450*), with the EBIT margin at 4.9% (Q1 2007: 3.8%*). In the Plastics Processing segment, despite the delay of several contract orders called upon by customers, segment sales remained at the same level as the comparable period of the preceding year. All in all, sales in the first quarter of 2008 amounted to TEUR 19,678, up from TEUR 19,569. The above-mentioned restructuring in connection with the cancellation of a large contract in Germany, the one-off investments and start-up costs related to the new plant construction in Slovakia, the founding of the Romanian subsidiary and the integration of HTP Skinline had a negative impact on earnings of the Plastics Processing segment. In the first thee months of 2008, EBITDA amounted to TEUR 2,081 (Q1 2007: TEUR 2,364), whereas EBIT was TEUR 204 (Q1 2007: TEUR 531). The Mechanical Engineering segment is the smallest of the three industrial core segments in the HTI Group in terms of sales, but the most profitable. It posted total sales of TEUR 5,869 (Q1 2007: 2,827*), but contributed a disproportionately high share of Group EBIT. The EBIT of the Mechanical Engineering segment, at TEUR 737, represents an EBIT margin of 12.6%. The Other segment primarily encompasses the business activities of HTI AG and ProRegio Mittelstandsfinanzierungs AG. The earnings before tax of TEUR -290 is chiefly related to holding expenditures and the interest expenses on the corporate bond issued by HTI AG. ProRegio has held the new 10% shareholding in Carbo Tech Composites GmbH since the end of the 2007 business year. The initial consolidation of the Theysohn Group will probably take place as of April 1, 2008, whereas the Technoplast Group will be consolidated as of May 1, 2008. For the 2008 business year as a whole, the Management Board of HTI AG expects total sales to be about EUR 200 million with corresponding earnings margins, on the basis of organic growth and further acquisitions. Key HTI Group indicators (IFRS) 1.1.-31.3.2008 Total sales TEUR 41,620 34,232 Plastics Processing segment TEUR 19,678 19,569 Metals Processing segment TEUR 16,163 11,836 Mechanical Engineering segment TEUR 5,869 2,827 EBITDA TEUR 4,296 3,858 EBIT TEUR 1,653 1,434 EBT TEUR 349 744 Consolidated net profit for the period TEUR 311 683 EBITDA margin % 10.3 11.3 EBIT margin % 4.0 4.2 EBT margin % 0.8 2.2 Consolidated earnings margin % 0.7 2.0 Earnings per share EUR 0.02 0.06 Balance sheet total TEUR 199,087 171,255 Equity TEUR 45,878 44,466 Equity ratio % 23 26 Gearing % 166 112 Capital expenditure TEUR 4,071 1,711 Depreciation and amortization TEUR 2,643 2,424 Gross cash flow TEUR 2,472 3,176 Net cash flow from operating activities TEUR -2,800 991 Average number of employees Total 1,209 998 Total gross income/employee TEUR 34 34 * Only 2 months results included in 2007 due to the date of consolidation. end of announcement euro adhoc -------------------------------------------------------------------------------- ots Originaltext: HTP High Tech Plastics AG Im Internet recherchierbar: Further inquiry note: HTI High Tech Industries AG, Ms. Nadja Goyer, Investor Relations, Tel: +43 (0) 3862 304 - 8562, Fax: +43 (0) 3862 304 - 7598, Hochegger Financial Relations GmbH, Mr. Dieter Riedlinger, Senior Consultant, Tel: +43 1 504 69 87, Fax: +43 1 504 69 87 60, Branche: Holding companies ISIN: AT0000764626 WKN: A0DQ9W Index: WBI Börsen: Wiener Börse AG / official market

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