VA Technologie AG

euro adhoc: VA Technologie AG
VA TECH order intake in 2004 rise by 10%

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• Provisional figures: order intake of EUR 4.65 bn • Largest order growth for VAI and T&D • Confirmation of the improved result forecasts for 2005

On the basis of the provisional statistics for 2004, VA TECH order intake has developed in an extremely positive manner, rising to around EUR 4,650 m, an increase of 10% on the comparable figure for the preceding year (EUR 4,238 m).  

In divisional terms, Metallurgy (VAI) contributed EUR 1,620 m (plus 41%) to order intake, Power Generation (VA TECH HYDRO) EUR 880 m (minus 16 %), Power Transmission and Distribution (VA TECH T&D) EUR 1,230 m (plus 9%), Infrastructure (VA TECH ELIN EBG, aii) EUR 840 m (plus 4%) and Water Systems EUR 180 m (minus 15%).  The consolidation effect amounted to EUR 100 m.

As a consequence of this highly positive business performance, over 70% of the sales planned for 2005 are already secured by order backlog. Therefore, the VA TECH Managing Board has confirmed its improved forecast of a profit for the year 2005 of over EUR 66 m. Other decisive factors in this prediction are the successful completion of the restructuring programme in 2004, which resulted in a considerable reduction in fixed costs, and the sale or closure of unprofitable units.

end of announcement                                euro adhoc 10.01.2005 16:25:40

Further inquiry note: Bettina Pepek Press Officer Tel: 0043 189 100 3400 Fax. 0043 189 100 3431

Branche: Technology
ISIN:      AT0000937453
WKN:        093745
Index:    WBI, ATX Prime, ATX
Börsen:  Berliner Wertpapierbörse / free trade
              Bayerische Börse / free trade
              Wiener Börse AG / official dealing

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