Tous Actualités
Suivre
Abonner Winterthur Technologie AG

Winterthur Technologie AG

euro adhoc: Winterthur Technologie AG
Financial Figures/Balance Sheet / Preliminary Annual Result WTG: The Winterthur Technology Group shows significant improvements in sales and profit Increased demand for innovative grinding technology - attractive

  Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.
23.01.2006
Zug, 23 January 2006. The abrasive technology company Winterthur
Technology Ltd. (WTG), which has been listed on the SWX Swiss
Exchange since July 2005, has increased sales during 2005 compared to
the previous year by 8.3 % to EUR 78.4 million. Earnings before
interest, taxes, depreciation and amortisation (EBITDA) are up by
10.4 % to EUR 13.7 million and EBIT by 37.8 % to EUR 10.4 million.
For 2006 WTG again expects a growth rate between 6 % and 8 %.
Winterthur Technology Group, a leading European provider of complex
abrasive technology, runs operations in Switzerland, Austria and
Sweden. In the financial year 2005 sales have increased from EUR 72.4
million (CHF 111.8 million) to EUR 78.4 million (CHF 121.4 million).
Compared to 2004 this corresponds to an increase of 8.3 % and 8.7 %
in local currencies. This improvement is based on organic growth in
Europe, specifically generated by the new subsidiaries in the new EC
countries and in Russia. Even more significant increases have been
achieved in Asia. This positive trend is also reflected in the order
backlog at the beginning of 2006. Compared to 2005 the order-book has
improved by 2 digit figures.
The successful sales development is clearly shown in earnings before
interest, taxes, depreciation and amortisation (EBITDA) with an
increase of 10.5 % from EUR 12.4 million in 2004 to EUR 13.7 million.
This corresponds to an EBITDA margin of 17.5 % which lies at the
upper end of the management’s forecast for 2005. The development of
earnings before interest and taxes (EBIT) shows an impressive EUR
10.4 million, corresponding to an increase of 37.8 % compared to the
previous year (EUR 7.6 million). This includes EUR 1.7 million of
goodwill amortisation that is no longer allowed to be deducted under
IFRS due to no impairment. This preliminary information for 2005
deserves even more appreciation as it has to be considered in view of
an environment where raw materials and energy cost have sharply risen
and the Swedish Crown having shown a clear weakness against the Euro.
The management expects this positive trend to continue throughout
2006. This is based on further improving the existing market
positions and on over-proportional organic improvements in the fast
growing markets, yielding an average growth of 6 % to 8 %. Customer
oriented, innovative products and services will support an up-trend
during 2006. A new glass ceramic high-tech material that will be
released in the near future looks especially promising.
The audited annual report will be commented on at the occasion of the
media conference on 10 April 2006.
Profile Winterthur Technology Group (WTG), a leading European
provider of complex abrasive technologies, is headquartered in Zug
and has operations in Switzerland, Austria and Sweden. Winterthur
Technology AG is a holding company under Swiss law with a listing on
the SWX Swiss Exchange. It has slightly more than 600 employees, and
in 2005 achieved sales of approximately EUR 78 million in 2005.
Working closely with clients, the company develops and produces
complex high-margin, high-tech abrasive technology consumables,
primarily bonded abrasive tools used in the automotive, gas turbine
and steel industries. Production takes place in Austria (Villach) and
Sweden (Västervik). In Switzerland (Winterthur) there is a finishing
plant and a logistics center. The Group’s main brands are Winterthur,
Rappold and SlipNaxos. WTG’s products - vitrified grinding wheels,
resin bonded grinding wheels, cut-off wheels and diamond and CBN
grinding tools - are sold in all the relevant European markets as
well as in North and South America, and Asia.
Winterthur Technology Ltd / Winterthur Technologie AG
in EURm                   2004  2005
Net Sales / Nettoerlös  72.4  78.4
  % Growth / Steigerung 6.6%  8.3%
EBITDA                  12.4  13.7
  % Margin / Marge      17.2% 17.5%
EBIT                    7.6   10.4
  % Margin / Marge      10.5% 13.3%
end of announcement                               euro adhoc 23.01.2006 07:00:00

Further inquiry note:

Dr. Edgar Rappold, CEO
Markus Brütsch, CFO
Tel. +41 52 234 41 41
E-mail: bruetsch@rappold-winterthur.com
Fax: +41 52 234 41 89
www.winterthurtechnology.com
SWX Ticker Symbol: WTGN
ISIN: CH0021892606

Branche: Technology
ISIN: CH0021892606
WKN: 2189260
Börsen: SWX Swiss Exchange / official market

Plus de actualités: Winterthur Technologie AG
Plus de actualités: Winterthur Technologie AG
  • 30.06.2005 – 18:18

    Winterthur Technology Ltd, Zug lists on SWX Swiss Exchange at CHF 33.00 per share

    Winterthur Technology Group today announced the successful completion of its IPO on the SWX Swiss Exchange which was more than three times oversubscribed. The issue price for one registered share has been set at CHF 33.00. The shares will commence trading on 1 July 2005. Zurich (ots) - Winterthur Technology set the issue price at CHF 33.00 per share, the ...