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Abonner HTI High Tech Industries AG

HTI High Tech Industries AG

euro adhoc: HTI - High Tech Industries AG
quarterly or semiannual financial statement
FIRST HALF-YEAR 2007: HTI WITH CLEARLY IMPROVED EARNINGS FIGURES - EBIT MORE THAN QUADRUPLED

Sales almost doubled - EBITDA: TEUR 8,419 (+ 80%) -

  Disclosure announcement transmitted by euro adhoc. The issuer is responsible
  for the content of this announcement.
6-month report
08.08.2007
FIRST HALF-YEAR 2007: HTI WITH CLEARLY IMPROVED EARNINGS FIGURES - 
EBIT MORE THAN QUADRUPLED
EBIT: TEUR 3,247
(+ 317%) - EBT and consolidated result clearly positive - Higher 
profitability and productivity since strategic reorientation - 
Outlook on entire year remains positive
The HTI High Tech Industries AG, listed on the Vienna Prime Market 
looks back on a very successful first half-year of 2007. "As already 
in the first three months, earnings figures significantly increased -
in both, the second quarter as well as for the entire half-year", 
summarises HTI Management Board Member Peter Glatzmeier. Compared to 
the previous year´s period (first half-year 2006: TEUR 38,432), sales
almost doubled to TEUR 74,805 and on June 30, 2007 already nearly 
reached the prior year´s overall level. The EBITDA increased by 80% 
to TEUR 8,419 (TEUR 4.683). The EBIT rose from TEUR 779 in the first 
half-year of 2006 to TEUR 3,247 in the period under review and thus 
more than quadrupled; the operating income (EBT) of TEUR 1,730 (first
half-year of 2006: TEUR -409) now turned clearly positive. Likewise, 
the consolidated result turned from TEUR -740 in the first half-year 
of 2006 to TEUR 1,647. This increase in profitability is mainly 
resulting from the strategic reorientation of the company and the 
strengthened earnings performance of the plastics segment after the 
successful restructuring. With the corporate integration of the newly
acquired companies Gruber & Kaja Druckguss- und Metallwarenfabrik 
GmbH into the newly established segment "metal" as well as the BBG 
Baugeräte GmbH in the segment "mechanical engineering", the HTI High 
Tech Industries´ field of industrial activities became significantly 
wider. The new and profitable segments perform according to plan and 
with TEUR 28,887 (metal) and TEUR 7,576 (mechanical engineering) 
generate nearly half of consolidated sales. The plastics segment 
accounts for slightly more than 51% of sales (TEUR 38,343). For the 
first time since the end of 2005, in the first half-year of 2007, HTI
achieved a clearly positive consolidated result margin of +2.2% 
(first half-year of 2006: -1.9%). The positive effects of the new 
business model likewise show in the other earnings margins. The 
EBIT-margin more than doubled from 2.0% in the first half-year of 
2006 to 4.3% in the first half-year of 2007; the EBT-margin turned 
from -1.1% to 2.3%. During the second quarter, all above mentioned 
margins improved in comparison with the first quarter. This reflects 
the successful integration of the new companies in the Group and 
shall continue during the entire year.
The development of the core segment plastics still remains positive. 
The new building of the production plant in Slovakia is near 
completion and besides the ongoing production site optimisation, 
first new orders are already contracted. The process optimisation of 
the two previous years reflects in a considerable increase in the 
segment´s EBIT, which improved from TEUR 779 to TEUR 1,083.
Peter Glatzmeier, member of the HTI Management Board is satisfied: 
"We are pleased that all expected and intended positive effects of 
this strategy change show up already in the figures and obviously are
also recognised by the market."
In the first half-year of 2007, the cash flow statement is on the one
hand strongly influenced by the initial consolidation of the Gruber &
Kaja Druckguss- und Metallwarenfabrik GmbH and the BBG Baugeräte GmbH
and on the other hand by the issue of the corporate bond in the 
amount of EUR 20 million. In the first six months of the current 
business year, gross cash flow more than doubled from TEUR 3,049 to 
TEUR 6,965. In the reference period, the cash flow from operating 
activities increased from TEUR 2,249 to TEUR 7,866. As of June 30, 
2007, cash and cash equivalents increased from TEUR 18,274 to TEUR 
25,159 - mainly due to the bond issue.
As a result of the newly integrated companies, the number of 
employees considerably increased. As of June 30, 2007 the HTI Group 
employed 1,124 persons and thus 400 people more than in the first 
half-year of 2006. Due to the higher profitability, sales per 
employee rose from TEUR 58 to TEUR 70. With the new group structure, 
as at the end of June, net debt increased from TEUR 23,487 to TEUR 
52,040, which, compared to the end of 2006, led to and increase in 
gearing from 75% to 115%.
The outlook on the entire year 2007 remains positive. For both, sales
and earnings, the company keeps its forecast given on the occasion of
the announcement of the restructuring.
Key figures of the HTI Group according to IFRS
first HY 2007  first HY 2006  changes in %
Total sales                    TEUR      74,805           38,432      +94.64 %
Plastics segment               TEUR      38,343           38,432       -0.23 %
Metal segment                  TEUR      28,887                0
Mechanical engineering segment TEUR       7,576                0
EBITDA                         TEUR       8,419            4,683      +79.78 %
EBIT                           TEUR       3,247              779     +316.82 %
EBT                            TEUR       1,730             -409
Consolidated result            TEUR       1,647             -740
EBITDA-margin                     %          11.3             12.2     -7.38 %
EBIT-margin                       %           4.3              2.0   +115.00 %
EBT- margin                       %           2.3             -1.1
Consolidated result-margin        %           2.2             -1.9
Earnings per share              EUR           0.13            -0.09
Total assets                   TEUR     196,265           93,212     +110.56 %
Equity ratio                      %          23               32      -28.13 %
Gearing                           %         115               53     +116.98 %
Capital expenditure in tangible
and intangible  fixed assets   TEUR       8,716            3,727     +133.86 %
Depreciation / amortisation    TEUR       5,172            3,904      +32.48 %
Gross cash flow                TEUR       6,965            3,049     +128.44 %
Cash flow from operating
activities                     TEUR       7,866            2,249     +249.76 %
Headcount at closing date    Number       1,124              690      +62.90 %
Sales per employee             TEUR          70               58      +20.69 %
Please find further information on our company website: 
www.hti-ag.at.
end of announcement                               euro adhoc 08.08.2007 08:00:00

Further inquiry note:

HTI High Tech Industries AG, Birgit Hochenegger-Stoirer, Peter Glatzmeier,
Members of the Management Board, Phone: +43 (0) 2622 460 -0,
Fax: + 43 (0) 2622 460 - 1102, b.hochenegger@hti-ag.at, p.glatzmeier@hti-ag.at

Hochegger Financial Relations GmbH, Dieter Riedlinger, Phone: +43 1 504 69
87-44, Fax: +43 1 504 69 87 60, d.riedlinger@hochegger.com

Branche: Holding companies
ISIN: AT0000764626
WKN: A0DQ9W
Index: WBI
Börsen: Wiener Börse AG / official market

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