SW Umwelttechnik Stoiser & Wolschner AG

euro adhoc: SW Umwelttechnik Stoiser & Wolschner AG
SW Umwelttechnik disposes of property in Budapest

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Stock exchange announcement: 15 June 2007

SW Umwelttechnik disposes of property in Budapest

Framework agreement for sale of 6 hectare (ha) property in Budapest signed E3.6 million (m) profit expected Capital base strengthened for investment in Romania

Two years after starting to transfer production  facilities  to  its new  South Budapest works SW Umwelttechnik is now in a position to dispose  of  a  property in Budapest which is surplus to operational requirements. Under the terms  of  a framework agreement with  a   Hungarian  buyer  concluded  on  14  June  2007  SW Umwelttechnik has undertaken to spin off the 6 ha  developed  property  together with unneeded production facilities into a new subsidiary, and  transfer   it  to the purchaser by the end of the second quarter of 2008.

The agreement will bring gains of E0.6m this year and the  main   amount  of  E3m will be reported as income from  the  realisation  of undisclosed  reserves  in 2008. The parties have agreed to keep the purchase price confidential.

The transaction still  leaves  SW  Umwelttechnik  holding  over  40 ha  of  land surplus to operational requirements. This is earmarked for disposal in the  next few years, and is expected to generate at least E6m.

The profits will mainly be used to fund rapid expansion in  Romania. Management expects earnings to increase in 2008 as a result of the land sales.

@@start.t2@@end of announcement                                                 euro adhoc 15.06.2007 11:00:00

ots Originaltext: SW Umwelttechnik Stoiser & Wolschner AG
Im Internet recherchierbar: http://www.presseportal.ch

Further inquiry note:
DI Heinz Wolschner
Vorstand der SW Umwelttechnik
Tel.: +43/463 321 09, Fax: +43/463/37667

Michaela Wolschner, Investor Relations
Tel.: +43/664/811 76 62, Fax: +43/1/368 86 86
E-Mail: michaela.wolschner@sw-umwelttechnik.com
Website: www.sw-umwelttechnik.com

Branche: Technology
ISIN:      AT0000808209
WKN:        910497
Index:    WBI
Börsen:  Börse Berlin-Bremen / free trade
              Frankfurter Wertpapierbörse / free trade
              Wiener Börse AG / Regulated free trade

Weitere Meldungen: SW Umwelttechnik Stoiser & Wolschner AG

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