EANS-Adhoc: Polytec Holding AG
POLYTEC GROUP finalised the exit from the
interior business with the sale of the Zaragoza plant
23.12.2011 – 22:41
-------------------------------------------------------------------------------- ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- Company Information 23.12.2011 POLYTEC HOLDING AG today signed an agreement about the sale of the Zaragoza plant to Celulosa Fabril S.A. The sale of the Zaragoza plant to Celulosa Fabril S.A is the final step in the exit of POLYTEC GROUP from the interior business - we refer also to the ad hoc announcement from June 9, 2011. In 2011 the plant will achieve total sales of approx. 30 mill. EUR with 90 employees. The transfer of beneficial ownership (closing) will be effective as of January 1, 2012. The sale of the assets in the course of an asset deal will also result in a minor, positive earnings effect in the first quarter 2012. The sale- and earnings guidance, given in the course of third quarter reporting, can be fully confirmed. Further inquiry note: Manuel TAVERNE POLYTEC GROUP Investor Relations Tel.+43(0)7221/701-292 manuel.taverne@polytec-group.com end of announcement euro adhoc -------------------------------------------------------------------------------- issuer: Polytec Holding AG Linzer Straße 50 A-4063 Hörsching phone: +43 (0) 7221 / 701-0 FAX: +43 (0) 7221 / 701-0 mail: investor.relations@polytec-group.com WWW: www.polytec-group.com sector: Industrial Components ISIN: AT0000A00XX9 indexes: ATX Prime stockmarkets: official market: Wien language: English