A-TEC Industries AG

euro adhoc: A-TEC Industries AG
Financial Figures/Balance Sheet
A-TEC INDUSTRIES unveils results for 2006

@@start.t1@@--------------------------------------------------------------------------------   Disclosure announcement transmitted by euro adhoc. The issuer is responsible   for the content of this announcement. --------------------------------------------------------------------------------@@end@@

27.04.2007

A-TEC INDUSTRIES unveils results for 2006

Vienna  based  A-TEC  Industries  AG  (ISIN AT00000ATEC9) expressed   great satisfaction with its final results for the 2006 financial year when  announcing them today. Just under half a year after  its   flotation  on  the  Vienna  Stock Exchange, both  A-TEC's  share   price  and  improvements  in  all  the  relevant financial performance indicators show that it  has  rapidly  established   itself among the leading international industrial groups headquartered in Austria.

Marked improvements in revenue and earnings

In 2006 robust organic growth and the consolidation of the LJ  Group powered  a 47.1% gain in consolidated revenue to EUR 1.594 billion (bn) from    EUR  1.084bn in 2005. The strong revenue performance was accompanied by improvements in  key  earnings indicators.

Record order intake and backlog

These extremely heartening results were mainly driven by a huge increase in  the volume of business. Order intake soared by 128.8% to EUR  1,499.8m  (2005:  EUR 655.4m). At balance sheet date (31 December 2006) A-TEC  Industries  had  record order backlog of EUR 1,775.0m (2005: EUR 456.7m).

Healthy balance sheet

A-TEC Industries ended 2006 with a solid balance sheet. Total assets were  well up on the previous year at EUR 1,573.5m (2005: EUR 1,002.3m), mainly  reflecting the consolidation of the LJ Group, as well  as  the  purchase  of  companies  in Australia, the Czech Republic and Germany from Alstom in November 2005  and  the spring of 2006. The equity ratio climbed to 20.0% (2005: 15,2 %).

The net cash position at balance sheet date was  EUR  311.0m  -  a   year-on-year gain of 102.5% (EUR 153.6m).

Over 11,000 employees

The rapid organic growth recorded by the group,  and  the   acquisitions  of  the past financial year resulted in a considerable increase in the  head  count.  As at 31 December 2006 A-TEC Industries had over 11,000 employees around the  world (31 December 2005: 10,000).

Targets exceeded by all four divisions

The cornerstones of the A-TEC Industries Group - Austrian Energy &   Environment, ATB  Austria  Antriebstechnik,  Montanwerke  Brixlegg   and  EMCO    -    are    all international groups which have been rapidly assembled  and  integrated  by  the experienced management team, and are now among the leaders in  their  respective markets. Today they embody the group's business divisions - Plant   Construction, Drive  Technologies,  Metal  Industry  and  Mechanical Engineering.  All    four divisions again significantly exceeded the targets set for them in 2006.

Dividend of EUR 3 per share

Due to the group's strong financial performance and the positive growth  outlook the A-TEC Managing Board will recommend a dividend of EUR  3.00  per  share  for the 2006 financial year to the  Annual   General  Meeting  on  7  May  2007.  The distribution, if approved, will amount to about EUR 19.8m,  corresponding  to  a dividend rate of 24.6%. The planned ex-dividend date is 21 May 2007.

Strong start to 2007

As stated at the time of the  IPO  in  December  2006,  the  A-TEC   Group  will continue to aim for strategic growth, and is  constantly monitoring  potential opportunities to extend its product portfolio and geographical reach across all four divisions. In line with this policy, an agreement for the full acquisition of Gindre Duchavany S.A., France was signed in March 2007. The  transaction  is expected to be closed during the first half of this year,  following   clearance by the competition authorities concerned. Lyon based Gindre Duchavany  returned over EUR 300m in revenue in 2006, and has a workforce of  450.  It  is  one  of Europe's leading manufacturers of semifinished copper products, and  electrical parts and components. Since the company's electrical components will complement the Metal Industry Division's  product  portfolio  particularly  well  it  will become a part of the subgroup headed by Montanwerke Brixlegg.

The Plant Construction Division made a very bright start to the   year,  winning several major orders, including the contract for  the engineering  design  and construction of a  waste  incinerator  in   Zistersdorf,  Lower  Austria.  Order backlog currently stands at a record EUR 1.55bn.

Management sees no obstacle to revenue passing the EUR 2bn mark for   a  further record, this year. As a group with a majority shareholder, A-TEC  is  delighted at the highly positive performance of its share price  during  the  first  few months of listing - a rise of about 66% - and its rapid inclusion  in  the  ATX index of leading  shares. The  response  shows  that  the  market  appreciates management's personal commitment, and has confidence in its experience and  its visions for the group's future.

@@start.t2@@end of announcement                                                 euro adhoc 27.04.2007 07:00:00
--------------------------------------------------------------------------------@@end@@

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



Weitere Meldungen: A-TEC Industries AG

Das könnte Sie auch interessieren: