euro adhoc: Polytec Holding AG
Earnings Forecast
Successful business year
2007 for POLYTEC GROUP
Hörsching, January 9, 2008 (VSE: PYT) -
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
Company Information
09.01.2008
Sales of POLYTEC GROUP increased in the business year 2007, as a consequence of closed acquisitions, to EUR 664 Mill. EUR. This equals an increase of 27% compared to 525 Mill. EUR in 2006. Sales of POLYTEC COMPOSITES GERMANY GROUP (former Menzolit Fibron) are included as of April 1, 2007. Sales of POLYTEC Intex (former ISE Intex) are includes as of July 1, 2007. Further more a noticeable increase in net income and hence also of earnings per share can be confirmed. As the final results for the business year 2007 will also be positively influenced by on off effects caused by effects out of the acquisitions, a detailed guidance can not be made. The final impact of these on off effects will be calculated during the consolidation process. As a result of the development of POLYTEC GROUP, a noticeable higher dividend will be paid to shareholders. The integration and reorganisation of in 2007 acquired companies is doing a good progress. The capacity utilisation of the composite plants is, especially as a result of a sustainable positive development in the truck and commercial vehicle industry, on a high level. For the business year 2008 POLYTEC GROUP expects, as a consequence of the full year effect of in 2007 acquired companies, an increase in sales to approx. 800 Mill. EUR. The full year results 2007 will be published on April 2, 2008. The AGM ist on May 21, 2008
end of announcement euro adhoc
Further inquiry note:
POLYTEC HOLDING AG
Manuel TAVERNE
Investor Relations
Tel. +43 (0) 7221 / 701 - 292
investor.relations@polytec-group.com
Branche: Industrial Components
ISIN: AT0000A00XX9
WKN: A0CA1R
Index: ATX Prime
Börsen: Wiener Börse AG / official market