Polytec Holding AG

EANS-Adhoc: Polytec Holding AG
EARNINGSINCREASE IN BUSINESS YEAR 2011

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annual report

04.04.2012

•Sales and earnings increased on a comparable basis
•Earnings per share of EUR 1.54
•Dividend proposal of EUR 0.35
•Considerable improvment of earnings- and financial position through the
disposal of the Interior-Systems business

Based on POLYTEC GROUP´s continued operations adjusted for the main part of the
divestment of the Interior Systems segment as well as for other effects, total
sales of the POLYTEC GROUP increased by 14.7% to EUR 484.2 million in 2011
compared to 2010. Previous year´s sales adjusted for these effects amounted to
EUR 422.1 million. This success is mainly attributable to the positive
development of the European automotive industry.

The disposal of the Interior Systems business towards the end of the first half
of 2011 led to a decline in consolidated Group sales by 14.6% or EUR 112.7
million to EUR 657.4 million.

Group EBITDA increased by 13.0% to EUR 61.3 million despite the decline in
consolidated Group sales. This corresponds to an EBITDA margin of 9.3%. The
increase in EBITDA includes a deconsolidation gain of EUR 7.2 million resulting
from the disposal of the Interior Systems segment.

In addition to the aforementioned deconsolidation gain, this favorable
performance was mainly attributable to the positive development of all relevant
sales markets as well as to the consistent implementation of optimization
measures at the main production plants in the year under review.

EBIT recorded a significant increase to EUR 42.6 million on a year-on-year basis
despite the disposal of the Interior Systems segment, which corresponds to an
EBIT margin of 6.5%.

Both the positive development of the automotive industry and the strategic
measures implemented at the Group level led to a net profit of EUR 35.3 million.
This corresponds to earnings per share of EUR 1.54.

The Board of Directors and the Supervisory Board will propose to the Annual
General Meeting the payment of a dividend of EUR 0.35 per share for the business
year 2011.

The equity ratio of the POLYTEC GROUP showed a positive development totaling
45.6% at year-end 2011 due to the Group´s favorable earnings situation and the
positive effects from the deconsolidation of the Interior Systems segment. 

As of the balance sheet date on December 31, 2011, the company reported net cash
of EUR 17.9 million. In addition to the Group´s favorable business performance
in the year under review, this development was mainly attributable to the
positive liquidity effects resulting from the disposal of the Interior Systems
segment.

Earnings Outlook for the Group

Excluding unpredictable negative effects resulting from an escalation of the
European sovereign debt crisis, the potential instability of financial markets
and the lack of consumer confidence, the POLYTEC GROUP expects Group sales to
amount approximately EUR 500 million for the full year 2012. Based on the
Group´s continuing operations adjusted for the effects from the disposal of the
Interior Systems segment, operating results are anticipated to match the level
of 2011.


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

end of announcement                               euro adhoc 
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issuer:      Polytec Holding AG
             Linzer Straße 50
             A-4063 Hörsching
phone:       +43 (0) 7221 / 701-0
FAX:         +43 (0) 7221 / 701-0
mail:     investor.relations@polytec-group.com
WWW:      www.polytec-group.com
sector:      Industrial Components
ISIN:        AT0000A00XX9
indexes:     ATX Prime
stockmarkets: official market: Wien 
language:   English
 



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