A-TEC Industries AG

EANS-Adhoc: A-TEC Industries AG
Report for the First Quarter 2010

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3-month report/Quarterly Report


Highlights: - Order intake down by 15.6%, from EUR 426.6m to EUR 360.2m, dented by a decline in orders in the Plant Construction Division which outweighed strong performances from the other three divisions. - Order backlog of EUR 2.0 billion (bn) as at the end of March 2010 - 5.2% down on the year-end 2009 figure of EUR 2.1bn. - Group revenue up by 0.9% to EUR 697.8m thanks to a strong showing from the Minerals & Metals Division. - EBITDA virtually unchanged year on year at EUR 50.6m (Q1 2009: EUR 50.7m), with robust earnings in Plant Construction and Minerals & Metals balancing weaker performances from the other two divisions. - Slight fall in Group EBIT to EUR 37.9m (Q1 2009: EUR 38.7m); EBIT margin of 5.4% (Q1 2009: 5.6%). - Decline in net finance costs to EUR 14.2m (Q1 2009: EUR 16.9m), due to an improvement in the Drive Technology Division, mainly caused by the reduction of the negative exchange rate effects experienced in the comparative period. - Earnings before tax (EBT) 8.7% higher in the period under review, at EUR 23.7m (Q1 2009: EUR 21.8m). - Higher income tax expense due to higher earnings before tax in Plant Construction and Minerals & Metals Division, resulting in a profit for the period of EUR 12.7m compared to EUR 14.3m in the like period of 2009. - Management standing by the guidance for 2010 given at the time of publication of the annual results for 2009: revenue EUR 2.7bn, EBIT margin around 3%.

@@start.t2@@Group Results                                                        Q1 2010      Q1 2009      % change
A-TEC Group (EUR m)

Revenue                                                                    697.8         691.6              0.9
EBITDA                                                                        50.6          50.7            -0.2
EBIT                                                                          37.9          38.7            -2.1
EBIT margin                                                                5.4%          5.6%
EBT                                                                            23.7          21.8              8.7
Profit for the period                                                12.7          14.3          -11.2

Order intake                                                            360.2         426.6          -15.6
Order backlog (as at 31 March)                            1,999.0      3,099.6          -35.5

Investment*                                                                 8.6          15.3          -43.8
Employees** (as at 31 March)                                 11,662        12,687            -8.1@@end@@

* Investment comprises additions to intangible assets, and property, plant and equipment. ** Full-time equivalent including staff at discontinued operations and apprentices.

For more details please read our report for the first quarter 2010 on 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
Gerald Wechselauer
Phone:  +43 1 22760 - 130
Email: ir@a-tecindustries.com

Press Office A-TEC Industries AG
Claudia Müller-Stralz
Pleon Publico Public Relations & Lobbying
Phone: +43-1-71786-107
E-Mail: claudia.mueller@pleon-publico.at

Branche: Holding companies
ISIN:      AT00000ATEC9
Index:    ATX Prime
Börsen:  Wien / Regulated free trade

Weitere Meldungen: A-TEC Industries AG

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