Polytec Holding AG

EANS-Adhoc: Polytec Holding AG
Half Year Financial Report 2012

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  ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
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  announcement.
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6-month report

08.08.2012

Results of the Group

Sales of POLYTEC GROUP in the first half 2012 attained with EUR 242.9 mill.,
adjusted by the effect from the disposal of the Interior Systems business, the
previous year's level. Compared with reported Group sales a decline of 40.1% was
registered.
The European automotive industry showed a solid development thanks to the
favorable performance of premium car manufacturers. In contrast, the commercial
vehicle segment reported a decline in sales of EUR 20.9 million in the period
under review compared to the first half of 2011. This decline in sales is due to
both a weak economic environment and the technology switch from SMC (Composites)
to injection molding resulting in a decline of follow-up orders. This drop in
sales was offset by the positive development of the automotive sector outlined
above and, in addition, by the favorable performance of the non-automotive
business. 
Group EBIT declined by 50.5% to EUR 14.4 million in the period under review
compared to the same period in the previous year.  This decline is largely
attributable to the deconsolidation gain of EUR 7.2 million and the contribution
of the divested Interior-Systems business of EUR 2.8 to group EBIT in the first
half of 2011. On a comparable basis, i.e. adjusted for these effects and for a
further deconsolidation gain of EUR 0.6 million resulting from the disposal of
the Zaragoza site at the beginning of 2012, Group EBIT declined by roughly EUR 5
million in the period under review. This corresponds to an EBIT margin adjusted
for one-off effects of 5.7% in the first half of 2012. 

OUTLOOK

With regard to the further course of business in 2012, the Manage-ment of
POLYTEC Holding expects a stable development. 
Provided that general framework conditions do not deteriorate further against
the backdrop of the European sovereign debt crisis, group sales and earnings in
the second half of 2012 are expected to match the level of the first half-year.
Thus, the outlook for full-year sales and earnings was revised downward compared
to the previously published forecast 2012. 


EURO mill    Q2 2012   Q2 2011  CHANGE IN %  H1 2012  H1 2011 CHANGE IN %
Sales         119.5     204.6     -41.6%      242.9    405.4    -40.1%
EBITDA 1)       8.9      17.6     -49.4%      21.1     32.8     -35.6%
EBIT 1)         5.5      12.5     -56.0%      13.8     21.8     -36.7%
Net income      4.6      17.9     -74.3%      12.2     25.8     -52.7%
                                                                              
EBITDA margin (adjusted)    7.4%      8.6%                  8.4%     8.1%     
EBIT margin (adjusted)      4.6%      6.1%                  5.7%     5.4%     
                                                                              
Earnings per share (in EUR) 0.20      0.80                  0.53     1.14    
-53.5%


1)Earnings figures for der periods Q2 2011 and H1 2011 are adjusted by the he
one off gain of EUR 7.2 mill. resulting from the deconsolidation from the
Interior Systems business by the end oft he first half 2011. Earnings figures
for der period H1 2012 are adjusted by the he one off gain of EUR 0.6 mill.
resulting from the deconsolidation from the Zaragoza plant in the first quarter
2012

The 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
             Polytec Strasse  1
             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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