ATB Austria Antriebstechnik AG

euro adhoc: ATB Austria Antriebstechnik AG
quarterly or semiannual financial statement
ATB Austria Antriebstechnik AG announces results for first quarter of 2007

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Following  last  year's  restructuring  and  consolidation  exercises and    the integration of new  subsidiaries,  during  the  first   quarter  of  the  current financial year Vienna  listed  ATB  Austria Antriebstechnik  AG  (AT0000617832) succeeded in capitalising on the good economic conditions on  its  main  markets to post big improvements in revenue, order intake and order backlog.

Strong gains in revenue and orders The ATB Group recorded a 69.2% surge in revenue to EUR  103.5  million  (m)  (Q1 2006: EUR 61.2m), driven by organic growth and consolidation of the  Lindeteves- Jacoberg (LJ) Group, in which a majority was acquired in May 2006.   The  revenue contribution from the Serial Motors business unit 06: was EUR  56.6m  (Q1  2006: 31.2m) or 55% of the total.  The  Project Motors  business  accounted  for  EUR 24.6m (Q1 06: 2006: 9.3m) or 24% of revenue, while the Home appliances  business generated a further  EUR  21.5m  (Q1  06:  EUR  19.3m)  or  20%,    and  the  New Businesses unit EUR 0.8m (Q1 06: 2006: EUR 1.4m) or about 1% of the total.

The ATB Group has been radically restructured this year  to  adjust   to  ongoing expansion, and group companies have been reassigned among the  various  business units. The latter were renamed during the third quarter of 2006 when the  former Industrial Motors business became  Serial  Motors,  the  Explosion-proof  Motors business was renamed Project Motors, and the previous House and Garden  and  ATB Technologies GmbH units were rechristened Home Appliances  and  New   Businesses, respectively. Due to reorganisation the business units' revenue  performance  is not fully comparable with the like period of 2006.

The strong market shares  that  the  ATB  Group  has  claimed  on   international markets were also reflected in sharp increases  in   order  intake  and  backlog. Order intake was up by 86.3% to EUR 128.1m (Q1 2006: EUR  68.8m),  and  all  the group's subsidiaries performed in accordance with  expectations.  Order  backlog more than doubled to  stand  at  EUR  102.3m  on  31  March  2007,   guaranteeing excellent capacity utilisation for some time to come.

EBITDA and EBIT more than doubled As in 2006, the ATB Group's earnings were impacted by - in some cases massive  - material  price increases.  Profitability  improved  despite  these    difficult trading conditions.

Earnings before interest, tax, depreciation and amortisation (EBITDA) more  than doubled, from EUR 3.2m to EUR 7.2m in the first three months of  2007  (gain  of 126.2%), and earnings before interest and tax (EBIT) were also up by over  100%, from EUR 1.3m to EUR 2.9m. Like-for-like EBIT, excluding EUR 1.8m  in  personnel reduction charges arising from restructuring at ATB  Sever,  was  a  still   more impressive EUR 4.6m. Earnings before tax (EBT) worsened  by  EUR 2.7m  to  turn negative by EUR 1.9m, due to the LJ Group acquisition which weighed  on  finance cost.

Outlook for 2006 as a whole "The successful integration of the acquisitions and the majority  stake  in  the LJ Group are the latest milestones  in  the  ATB  success  story.  We  will  be pressing ahead fast with the  ongoing  integration  of  LJ  over  the  next   few months.  Due to the related drive to break into new markets  in   the  Far  East, the UK, Central and Eastern Europe, and Australia,   we  are  confident  that  we will hit our revenue and earnings targets for financial 2007," said ATB  Austria Antriebstechnik CEO Christian Schmidt, who expressed  optimism  about  prospects for continued growth.

The detailed report on the first quarter of 2007 is posted on http://www.atb-


This announcement contains forward  looking  statements  which  are   subject  to risks  and  uncertainties.  These  statements    employ     expressions    such    as "believes", "is of the opinion that", "assumes", "plans" and "anticipates",  and reflect management's views and expectations.  These forward  looking  statements are made subject to certain risks and uncertainties, which  could  cause   actual results to differ materially from  those  presented  in  these forward  looking statements. Readers are cautioned not to place undue reliance on  these  forward looking statements. This announcement should not be construed as legal,  tax  or investment advice.

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ots Originaltext: ATB Austria Antriebstechnik AG
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Further inquiry note:
Pressestelle A-TEC Industries AG
Mag. Claudia Müller-Stralz
Pleon Publico Public Relations & Lobbying
Tel: +43-1-71786-107

Branche: Technology
ISIN:      AT0000617832
Börsen:  Wiener Börse AG / official market

Weitere Meldungen: ATB Austria Antriebstechnik AG

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