A-TEC Industries AG

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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 -------------------------------------------------------------------------------- ots Originaltext: A-TEC Industries AG Im Internet recherchierbar: http://www.presseportal.ch 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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