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Polytec Holding AG

euro adhoc: Polytec Holding AG
Financial Figures/Balance Sheet
SIGNIFICANT INCREASE OF ALL EARNINGSFIGURES IN THE BUSINESS YEAR 2007 - EARNINGS PER SHARE OF EUR 1.66 (+93.0%)

  Disclosure announcement transmitted by euro adhoc. The issuer is responsible
  for the content of this announcement.
annual report
02.04.2008
In accordance with POLYTEC Group´s growth and acquisition strategy, 
the large-scale acquisitions of POLYTEC Composites Germany und 
POLYTEC Intex were concluded in the 2007 business year. This 
circumstance had a particularly strong effect on the economic 
development of the Group in the past business year.
Details of the development of the key figures are as follows:
Income figures in EUR mill.        2007   2006   Change in %
Group sales                        665.0  525.2  26.6%
   Automotive Systems Division     369.3  377.2  -2.1%
   Automotive Composites Division  201.3  61.5   227.1%
   Car Styling Division            74.7   66.8   11.9%
   Other segments/ consolidation   19.6   19.7   -0.3%
EBITDA                             63.7   48.0   32.7%
EBIT                               41.0   30.3   35.6%
Earnings before tax                38.7   27.3   41.6%
Net income (after minorities)      37.3   18.4   100.6%
EBITDA margin                      9.6%   9.1%
EBIT margin                        6.2%   5.8%
Net profit margin                  5.6%   3.5%
ROCE in %                          23.9%  21.0%
Dividend                            0.30   0.25  20.0%
OUTLOOK 2008
On account of the acquisitions made during the business year of 2007 
and the full contribution this will make to sales in the year 2008, 
the POLYTEC Group will be able to continue growing in the current 
business year. The target is a Group sales of around EUR 800 million,
a sum which will also be secured by contracts already received. 
Variations from this figure would thus mainly arise from a change in 
the quantity requirements (construction figures) over which POLYTEC 
has no control.
Results will greatly depend on the extent to which POLYTEC succeeds 
in countering continuing and extreme pricing pressure from its 
customers. Customers' desire for price cuts continue at a time of 
rising raw material and energy prices and wage settlements 
considerably higher than those of previous years, a result of the 
good overall economic situation. As such, this desire can in some 
cases no longer be justified by any economic arguments.
Alongside this trend, which poses a danger to the western European 
supply industry in general, the determined pursuance of restructuring
measures for the two 2007 acquisitions will be decisive in the 
development of POLYTEC. The first success of 2007 should thus be seen
first and foremost not as a reason to celebrate but as an incentive 
to make further wide-reaching changes.
In spite of the improvement measures mentioned, still ongoing, and 
the new 2008 start-ups with their negative effect on results, POLYTEC
is aiming to remain in the target range of a sustainable 8-10 % 
EBITDA in the current business year. From today´s perspective, it is 
however to be expected that the 2008 EBITDA will be at the lower end 
of this spectrum.
end of announcement                               euro adhoc

Further inquiry note:

Manuel TAVERNE
POLYTEC GROUP
Investor Relations
Tel.+43(0)7221/701-292
manuel.taverne@polytec-group.com

Branche: Industrial Components
ISIN: AT0000A00XX9
WKN: A0CA1R
Index: ATX Prime
Börsen: Wiener Börse AG / official market

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