A-TEC Industries AG

euro adhoc: A-TEC Industries AG
Financial Figures/Balance Sheet
A-TEC Industries: Results for the first quarter 2008

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3-month report/1Q 08


Highlights  - Increase of 72.9% in consolidated revenue to EUR 781.4 million (m), driven by all four divisions. - EBITDA more than doubled to EUR 51.7m (Q1 2006: EUR 22.3m), mainly reflecting a sharp rise in the earnings contribution of the Minerals & Metals Division. - Earnings before interest and tax (EBIT) amounted to EUR 38.6m (Q1 2007: EUR 13.3m). EBIT margin widened from 2.9 % to 4.9 %. - Earnings before tax (EBT) surged by 327.6% to EUR 32.5m - High copper prices in the first quarter of 2008 led to inventory write-ups of EUR 9.4m in the Minerals & Metals Division. - The takeover offer by Norddeutsche Affinerie AG (NA) values the 25% holding in Cumerio S.A. at EUR 30 per share; the German Federal Cartel Office ordered A-TEC to resell its 13.75% interest in NA. Consequently net debt was reduced by about EUR 235m so far. - A number of large contract wins by the Plant Construction Division and the continued strong demand encountered by the other divisions led to record order intake and backlog. - Management´s guidance for 2008 remains unchanged.

Key figures                              Q1 2008      Q1 2007*         change in %
A-TEC Industries AG
(EUR m)
Revenue                                        781.4         452.0                      72.9
EBITDA                                          51.7          22.3                    131.8
Operating income(EBIT)                 38.6          13.3                    190.2
EBIT-Margin                                 4.9 %         2.9 %
Earnings before taxes                  32.5            7.6                    327.6

Order intake                                713.5         478.4                      49.1
Order book                                2,570.0      1,719.9                      49.4
(as at end of March)
Investment**                                 22.4          12.3                      82.1
Head count)                                13,339        11,110                      20.1
(as at end of March)

*) Comparative period adapted by changes of discontinued operations **) Investments consist of additions to intangible assets, property, plant and equipment

For more details visit our website under www.a-tecindustries.com

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ots Originaltext: A-TEC Industries AG
Im Internet recherchierbar: http://www.presseportal.ch

Further inquiry note:
Investor relations contact:
Gerald Wechselauer
Head of Investor Relations
Phone:  +43 1 22760 - 130
Mobile: +43 (0)664 6104475
Email: gerald.wechselauer@a-tecindustries.com

Press contact:
Claudia Müller-Stralz
A-TEC Industries AG Press Office
Pleon Publico, Neulinggasse 37, A-1030 Vienna, Austria
Phone +43 (0)1 71786 direct dial 107

Branche: Holding companies
ISIN:      AT00000ATEC9
Index:    ATX Prime
Börsen:  Wiener Börse AG / Regulated free trade

Weitere Meldungen: A-TEC Industries AG

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