Thielert AG

Thielert: Record Year 2006

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Hamburg (euro adhoc) - 2006 was once again a record year in terms  of sales and profits for Thielert AG, and the fourth quarter  in  2006 was  one  of  the strongest in the history of the company. The fourth quarter saw the delivery  of the first Centurion 2.0 and 4.0 engines to  aircraft  manufacturers,  known  as Original Equipment Manufacturers (OEM). These two engines  have  been  certified since the third and fourth quarters of 2006. The  company's  sales  and profits expectations have been fulfilled.

Successor engine to the Centurion 1.7 goes  into  series  production: Centurion 2.0

The expansion of production capacity at the plants  at Lichtenstein/Saxony  and Altenburg/Thuringia and the associated recruitment of  new  staff  have  largely been completed as scheduled.  The company already started series  production  of the Centurion 2.0  und  Centurion  4.0  aircraft  piston  engines  in the  last quarter. The Centurion 2.0 is the latest development stage of the Centurion  1.7 and has also 135 PS. The latter engine has in recent years made  a  considerable contribution to the growth and success of the company,  with  over  1,500  units delivered for general aviation.

In the Centurion 2.0, Thielert has been able to demonstrate that the proven  and reliable design is upwardly compatible. The new engine will  in  future  replace the Centurion 1.7 in all installations. The Centurion 2.0 has a  greater  engine capacity, particularly in order to meet  the  requirements  of  the  US  market. Thielert has developed a own engine block in the course of the  development  and approval process, which is especially designed to meet the demands of aviation. The European and US aviation authorities  approved  the engine  in  August  and October 2006. Similarly, the Centurion 2.0 has been  approved  for  installation in the Cessna 172 since August last year.  The  Centurion  2.0  is  supplied  to plane manufacturer Diamond Aircraft  Industries  as  an  installation  kit,  and built into the successful DA40 TDI and DA42 aircraft.  Diamond  is experiencing strong growth and has  customer  orders  stretching beyond  the  end  of  2007. Planning security for the Thielert AG companies  is  also  further  improved  in 2007 by a second major and several minor OEM companies.

Defense Development Contracts

As announced in November, Thielert AG has won additional contracts from  its  US customer General  Atomics  Aeronautical  Systems,  Inc. (GA-ASI).  Additionally Thielert was able to complete important developments in the  forth  quarter.  As part of the ER/MP (Extended Range/Multi Purpose) program for the  US  Army,  the current contract for the year 2006 was increased by 50 percent and  was  already relevant for  the  forth  quarter  earnings.  These  development services  were related to the engine for the  unmanned  aerial vehicle  (UAV)  "Sky  Warrior". Thielert is the exclusive engine supplier for this program.  GA-ASI  will  start with serial delivery of the Sky Warrior in mid of 2007.

General Market Situation Engine Components

Superior Air Parts, Inc., a subsidary of Thielert AG, has  also grown  strongly in the last year and was able to consolidate its market position.  The  measures of restructuring the organisation after the acquisition have been successful.

Outlook Earnings and Profits

The year 2006 was successful as projected. In  the  near  future Thielert  will publish some selected financial ratios especially in terms  of  liquidity.  The company has a solide financing.

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ots Originaltext: Thielert AG
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Further inquiry note:
Sebastian Wentzler
Leiter Unternehmenskommunikation
Telefon: +49(40) 696950-35

Branche: Machine Manufacturing
ISIN:      DE0006052079
WKN:        605207
Index:    SDAX, CDAX, Prime All Share, Classic All Share
Börsen:  Frankfurter Wertpapierbörse / official dealing/prime standard
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              Baden-Württembergische Wertpapierbörse / free trade
              Börse Düsseldorf / free trade
              Bayerische Börse / free trade

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