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A-TEC Industries AG

euro adhoc: A-TEC Industries AG
Financial Figures/Balance Sheet
ATB Austria Antriebstechnik AG announces results for 2006

  Disclosure announcement transmitted by euro adhoc. The issuer is responsible
  for the content of this announcement.
06.04.2007
ATB Austria Antriebstechnik AG announces results for 2006
Spielberg,  6  April  2007  -  Vienna  listed  (official  market)  
ATB   Austria Antriebstechnik AG (AT0000617832)  -  the  sub-group  
holding  company  for  the operations forming the also stock listed 
A-TEC  Industries  (ISIN  AT00000ATEC9) Group's Drive Engineering 
Division - overcame continued  adverse  conditions  on international 
commodity markets and significantly improved its market  position. 
ATB's results  for  the  first  time  include  those  of  the  
Singapore  listed Lindeteves Jacoberg (LJ) electric motor group, in 
which a majority was  acquired in the  first  half  of  2006;  LJ  
was  consolidated  on  1  June.  This  major acquisition, which 
brought the ATB Group  control  of  the  well-known  Schorch, Brook 
Crompton, Tamel and  Western  Electric  brands,  was  the  most  
important feature of 2006 for ATB. This expansion move propelled the 
group  into  the  top three in the European electric motor  industry 
and  significantly  widened  its product portfolio, enabling it to 
position itself as a full-line supplier.
Although the takeover of the LJ Group impacted results as  did  the  
integration of the Serbian subsidiary ATB Sever acquired at the end 
of  2004,  ATB  recorded improvements in all performance measures.
Growth in revenue and earnings
The ATB Group returned revenue of EUR 304.47 million (m) in financial
2006  for a year-on-year gain of about 44% (2005: EUR 211.14m). The  
increase  was  driven by strong organic growth  and  consolidation  
of  the  LJ  Group.  Like-for-like revenue excluding LJ rose by 11.58
% to EUR 235.60m. Revenue  growth  in  Europe was especially rapid, 
due to targeted  market  development.  The  Serial  Motors business 
unit (previously Industrial Motors) again performed particularly  
well, growing revenue by about  77%  to  EUR  170.5m.  The  Project  
Motors  (formerly Explosion Proof Motors) and New  Businesses  
(ex-ATB  Technologies)  units  also boosted their combined revenue, 
by 45% to EUR 65.2m, while the  Home  Appliances business (ex-House 
and Garden) fell just short of the previous  year's  revenue, at EUR 
65.9m (2005: 69.76m).
In the second half of 2006 it was possible to pass  on  at  least  
part  of  the increases in world material prices, meaning that the 
ATB Group was able to  post year-on-year improvements in  all  
earnings  figures.  EBITDA  advanced  to  EUR 26.76m (2005: EUR 
14.58m), and EBIT to  EUR  10.25m  (2005:  EUR  6.26m),  while 
earnings before tax (EBT) were up to EUR 1.34m (2005: EUR 1.09m).
Record order intake and backlog
ATB booked EUR 340m in new orders in 2006 - a 59% increase on the 
previous  year (2005: EUR 213.75m). Order backlog was still more 
positive, jumping  by  85%  to stand at EUR 77.69m at balance sheet 
date (31 Dec. 2005: EUR  41.97m).  The  ATB Group is thus excellently
placed in terms of work in hand for coming months.
Outlook
In the light of the order books position  management  is  optimistic 
about  the prospects for another good performance by the A-TEC  
Group's  Drive  Engineering Division during the current financial 
year. Following the 2006 growth surge  ATB succeeded in driving the 
integration of the group  ahead  rapidly,  whilst  also pushing 
through a rapid, market driven  reorganisation  of  the  entire  
group's sales  and  marketing  organisation.  In  connection  with  
these  changes   the Supervisory Board resolved to  establish  a  
Vienna  based  holding  company  to manage the ATB Group centrally, 
and to  form  a  separate  company  to  run  the Spielberg site. 
Going forward, the management expects to be able  to  capitalise on 
the rounding out of the group's  product  range  and  entry  to  new 
markets including Australia, Asia, the UK and the USA as a result of 
the LJ  investment.
end of announcement                               euro adhoc 06.04.2007 07:30:00

Further inquiry note:

Pressestelle A-TEC Industries AG
Mag. Claudia Müller-Stralz
Pleon Publico Public Relations & Lobbying
Tel: +43-1-71786-107
E-Mail: claudia.mueller@pleon-publico.at

Branche: Holding companies
ISIN: AT00000ATEC9
WKN:
Index: ATX Prime
Börsen: Wiener Börse AG / regulated dealing/prime standard

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