Polytec Holding AG

EANS-Adhoc: Polytec Holding AG
Results for the first quarter 2012


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3-month report

09.05.2012


-       Group sales declined by 38.5 % to 123.5 mill. EUR
-       EBIT margin of 7.2 %  
-       Equity ratio of 47.4 %
-       Net Cash position of 20.9 mill. EUR
-       Outlook 2012 confirmed



EUR mill           Q1 2012 Q1 2011 CHANGE IN %
Sales              123.5   200.8   -38.5%
EBITDA             12.2    15.2    -19.7%
EBIT               8.9     9.3     -4.3%
Net income         7.6     8.0     -5.0%
                                   
EBITDA margin      9.9%    7.5%    
EBIT margin        7.2%    4.7%    
                                   
Earnings per share 0.33    0.35    


Group sales declined by 38.5% to EUR 123.5 million in the first quarter of 2012.
On a comparable basis, i.e. adjusted for the effects of the divestment of the
Interior-Systems business - group sales increased by 3% year-on-year.  
EBITDA for the first quarter 2012 decreased by 19.7% to EUR 12.2 million. The
disposal of the Interior-Systems site in Zaragoza - following the closing of the
transaction on January 3, 2012 - led to a deconsolidation gain of roughly EUR
0.6 million. Including this deconsolidation gain, EBITDA margin amounted to 9.9%
(Q1 2011: 7.5%). Adjusted for this deconsolidation gain, EBITDA margin was 9.4%
in the first quarter of 2012. The decline in financing costs is mainly
attributable to the signifi-cant reduction in bank liabilities and the
short-term investment of cash and cash equivalents. Long-term interest-bearing
account receivables, which are shown in the balance sheet, also contributed to
the significant improvement of financial results. 

All in all, the POLYTEC GROUP achieved a net result of EUR 7.6 million in the
first quarter of 2012. This corresponds to earnings per share of EUR 0.33
compared to EUR 0.35 in the previous year. 

OUTLOOK
 
Excluding unpredictable negative effects resulting from the escalation of the
European sovereign debt crisis, the potential instability of financial markets
and the lack of consumer confidence, the POLYTEC GROUP still expects group sales
to amount to EUR 500 million for the full year 2012. The operating result for
the full year 2012 is expected to match the level in 2011 adjusted for the
effects from the deconsolidation gain as a result of the disposal of the
Interior-Systems business.


The full report is available for download on www.polytec-group.com


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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