HTI High Tech Industries AG

euro adhoc: HTI - High Tech Industries AG
quarterly or semiannual financial statement

@@start.t1@@--------------------------------------------------------------------------------   Disclosure announcement transmitted by euro adhoc. The issuer is responsible   for the content of this announcement. --------------------------------------------------------------------------------@@end@@

6-month report



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

@@start.t2@@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 %@@end@@

Please find further information on our company website:

@@start.t3@@end of announcement                                                 euro adhoc 08.08.2007 08:00:00

ots Originaltext: HTP High Tech Plastics AG
Im Internet recherchierbar:

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,,

Hochegger Financial Relations GmbH, Dieter Riedlinger, Phone: +43 1 504 69
87-44, Fax: +43 1 504 69 87 60,

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

Weitere Meldungen: HTI High Tech Industries AG

Das könnte Sie auch interessieren: