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A-TEC Industries AG

euro adhoc: A-TEC Industries AG
Financial Figures/Balance Sheet
A-TEC Industries Financial Report First Half of 2008

  Disclosure announcement transmitted by euro adhoc. The issuer is responsible
  for the content of this announcement.
6-month report/Report First Half 2008
18.08.2008
Highlights
- Revenue up by 67.2% to EUR 1,622.4 million (m), driven by strong 
growth across three divisions. - EBITDA up by 39.6% year on year to 
EUR 92.3m. Growth lower than revenue due to high capacity utilisation
in Plant Construction resulting from major projects with a high 
proportion of bought-in components, and to the reduced contribution 
to EBITDA of the Minerals & Metals division in the second quarter of 
2008. - Earnings before interest and tax (EBIT) up by 42.5% to EUR 
66.4m; EBIT margin down to 4.1% (H1 2007: 4.8%). - Earnings before 
tax and profit for the period significantly higher at EUR 62.7m (H1 
2007: EUR 34.9m) and EUR 46.2m (H1 2007: EUR 36.2m), respectively. - 
Net debt down from EUR 548.5m at year end 2007 to EUR 320.7m as at 30
June 2008. Net gearing reduced to 72.8% (31 December 2007: 138.4%). -
Sale of 1.7 million shares in Norddeutsche Affinerie (NA) in the 
second quarter of 2008 and dividend income from the holding of EUR 
4.0m. Remaining stake of 2.0 million shares disposed of at the start 
of the third quarter of 2008. - Order intake and backlog still at 
high levels, at EUR 1,548.1m (H1 2007: EUR 1,034.7m) and EUR 2,586.9m
(30 June 2007: EUR 1,953.2m), respectively. - Start of share buyback 
program and Outlook for the 2008 financial year upgraded in light of 
increased revenue expectations.
Key figures            2Q    2Q   change      1HY      1HY  change
A-TEC Industries       08    07        %       08       07       %
(Mio. EUR)
Revenue             841.0 517.7     62.3  1,622.4    970.3    67.2
EBITDA               40.3  43.8     -8.1     92.3     66.1    39.6
EBIT                 27.2  33.3    -18.3     66.4     46.6    42.5
EBIT margin          3.2%  6.4%              4.1%     4.8%
EBT                  29.0  27.3      6.3     62.7     34.9    79.7
Net income           21.7  32.1    -34.0     46.2     36.2    27.6
Order intake        834.6 570.4     50.0  1,548.1  1,034.7    49.6
Order backlog (as of end of June)         2,586.9  1,953.2    32.4
Investment*          14.4  15.5     -7.3     36.8     27.8    32.3
Employees (as of end of June)              13,887   10,825    28.3
For more details please read our Financial Report First Half of 2008 
on our website under www.a-tecindustries.com
end of announcement                               euro adhoc

Further inquiry note:

IR contact:
Gerald Wechselauer
Head of Investor Relations
Phone: +43 1 22760 - 130
Email: gerald.wechselauer@a-tecindustries.com

PR contact:
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 free trade

Weitere Storys: A-TEC Industries AG
Weitere Storys: A-TEC Industries AG