A-TEC Industries AG

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ATB Austria Antriebstechnik AG announces results for 2006

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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.

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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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