Thielert AG

euro adhoc: Thielert AG
Mergers - Acquisitions - Takeovers
Thielert takes over US aircraft engine manufacturer Superior Air Parts - sharp rise in profits in 2005 - Superior Air Parts to be a key cornerstone of ThielertÂ’s US presence - Net profit in

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14.03.2006

Hamburg, Germany - Thielert AG is taking over the PMA and aircraft engine manufacturer Superior Air Parts, Inc. (SAP) based in Coppell near Dallas in Texas, USA. SAP is the worldÂ’s leading producer of engine spare parts for small aircraft used for general aviation purposes. The acquisition of Superior Air Parts will enable Thielert to expand its presence in the USA. Agreement on the take-over of SAP was reached on the evening of March 13, 2006. The value of the transaction is said to be around the 10 million US dollar mark, less than 15 percent of the IPO income earned by Thielert AG last November.

All SAP products have been licensed by the American licensing authority FAA (Federal Aviation Administration). SAP is a longstanding customer of Thielert in the area of aviation engine components.

Strong economic performance in 2005 - course set for further growth in 2006 too

The audited year-end financial statements show the following key data:

as per IFRS 2005 (mil. Euro) 2004 (mil. Euro) Change in %
Sales          37.6                    24.2                    55.2
EBITDA         16.1                    11.3                    42.3
EBIT            13.1                    8.7                      50.9
Net profit  7.7                      3.7                      106.7

Thielert AG will be publishing its year-end financial statements for 2005 in full on March 27, 2006 as planned.

Outlook

The signs are that the current year will be equally successful with sales and profits set to enjoy similar growth rates in 2006 as in 2005, whereby any positive contributions to sales and profits from the SAP acquisition have not yet been taken into account.

Additional information

PMA manufacturer - as a PMA (Parts Manufacturer Approval) manufacturer, SAP has been certified by the US-American aviation authority for the production of aircraft engine spare parts.

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ots Originaltext: Thielert AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
Sebastian Wentzler
Head of Corporate Communication
Telefon: +49(0)40-696950-35
E-Mail: ir@thielert.com

Branche: Machine Manufacturing
ISIN:      DE0006052079
WKN:        605207
Index:    SDAX
Börsen:  Frankfurter Wertpapierbörse / official dealing/prime standard



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