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A-TEC Industries AG

euro adhoc: A-TEC Industries AG
Financial Figures/Balance Sheet
Preliminary Report for the Financial Year 2008

  Disclosure announcement transmitted by euro adhoc. The issuer is responsible
  for the content of this announcement.
quaterly report/FY 2008
06.03.2009
Highlights: - Record Group order intake and backlog at EUR 3,583.7 
million (m) (2007: EUR 2,060.4m) and EUR 3,263.9m (31 Dec. 2008: EUR 
2,371.2m), respectively. - Preliminary Group revenue up by 41.0% to 
EUR 3,256.9m. - Group earnings distorted by negative revaluation 
effects, concealing true operational strength; EUR 87.6m of negative 
remeasurement effects related to the Minerals & Metals Division. - 
Additional non-recurring effects in the Drive Technology Division 
(EUR -11.7m) and a EUR 9.6m positive one-time effect in the Plant 
Construction Division recognised. - Underlying preliminary earnings 
before interest and tax (EBIT) adjusted for non-recurring effects EUR
108.6m (2007: EUR 64.1m); adjusted EBIT margin 3.3% (2007: 2.8%). 
Preliminary EBIT down by 73.2% to EUR 18.9m (2007: EUR 70.4m). - Net 
finance costs down due to reduced net debt, but impacted by negative 
currency effects; preliminary losses before tax EUR 12.4m (2007: EUR 
+28.9m). - Net debt down to EUR 288.1m at year end 2008 (31 Dec. 
2007: EUR 543.8m). - 1,503,127 treasury shares (5.7% of share 
capital) held at year end 2008; sold to Capital und Industrie 
Investment for EUR 6.29 per share on 4 February 2009. - Revenue of 
around EUR 3 billion (bn) and EBIT margin of approx. 3% realistic 
unless there is a further dramatic deterioration of trading 
conditions in 2009.
Preliminary figures    4Q    4Q   change  FY 2008 FY 2007*  change
A-TEC Industries       08   07*        %                         %
(Mio. EUR)
Revenue             867.6 752.2     15.3  3,256.9  2,310.1    41.0
EBITDA              -37.2  37.4        -     76.4    140.1   -45.5
EBIT                -56.3  -2.7   >1,000     18.9     70.4   -73.2
Adjusted EBIT**                             108.6     64.1    94.8
Adj. EBIT margin**                           3.3%     2.8%
EBT                 -67.2 -20.4   -229.4    -12.4     28.9       -
Order intake        793.7 687.0     15.6  3,583.7  2,060.4    73.9
Order backlog (as of end of Dec.)         3,263.9  2,371.2    37.6
Investment***        73.0  29.7    145.8    128.2     71.1    80.3
Employees (as of end of Dec.)              12,989   13,708    -5.2
Outlook for 2009
A-TEC Industries expects the financial crisis to have a significant 
impact on the real economy in 2009. Due to increased forecasting 
uncertainties our guidance is also subject to a wider margin of 
uncertainty than usual. Management anticipates revenue of around EUR 
3bn in 2009, excluding any acquisitions. The EBIT margin should be 
about 3%. This outlook is on the assumption that there will be no 
further dramatic deterioration in economic conditions in the main 
markets served by A-TEC Industries.
* Adjusted for ATB Selni and for two small Lindeteves-Jacoberg Group 
companies (LJE and LPI) which are classified as held for sale under 
IFRS 5, as well an adjustment to LSE´s order books. ** Underlying 
EBIT is defined as EBIT adjusted for non-recurring effects. *** 
Investment comprises additions to property, plant and equipment, 
intangible assets and financial assets.
For more details please read our Financial Report for the First Nine 
Months of 2008 on our website under www.a-tecindustries.com
end of announcement                               euro adhoc

Further inquiry note:

Investor Relations Contact:
Gerald Wechselauer
A-TEC Industries Investor Relations
Phone: +43 1 22760 - 130
Email: ir@a-tecindustries.com

Press Contact:
A-TEC Industries AG Press Office
Claudia Müller-Stralz
Pleon Publico Public Relations & Lobbying
Phone: +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