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Abonner HTI High Tech Industries AG

HTI High Tech Industries AG

euro adhoc: HTP High Tech Plastics AG
Annual Reports
Annual result 2002 (E)

Disclosure announcement transmitted by euro adhoc. The issuer is
responsible for the content of this announcement.
•	Sales increase despite subdued economy
•	Negative result due to project delays
•	Cautious optimistic outlook for 2003 
•	Attractive projects
Despite project postponements by customers due to the economic
situation, in the fiscal year 2002, HTP was in a position to further
increase sales, among other things, by the acquisition of short-term
orders. In 2002, the Company was able to realise an increase in sales
by 7.6 % to EUR 70.5 million (2001: EUR 65.5 million).
 HTP could further strengthen its good position in the automotive
area - beside Audi, BMW, DaimlerChrysler, Jaguar, Porsche and VW,
renowned suppliers as Intier, Johnson, Lear Corp. or Autoliv count
among the company’s customers.
The EBIT for 2002, with minus EUR 1.07 million, remains below the
previous year’s value (2001: EUR 0.76 million). The main reasons for
this decline were high pre-serial expenses for projects of which
serial production started only at the end of December 2002
respectively had to be postponed to the year 2003. Additionally,
integration expenditures amounting to EUR 0.62 million - they served
to eliminate duplications after the acquisition of the two Fohnsdorf
companies as well as the use of synergies within the Group - had an
impact on the result.  Against this background, consolidated earnings
amount to minus EUR 1.5 million compared to EUR 0.1 million in the
previous year.  Earnings per share come to minus EUR 0.29 (2001: EUR
0.02).
Despite the economic uncertainty, HTP’s management is confident of
converting the very high level of orders booked at EUR 300 million
into the corresponding revenues and expects a positive result for the
year 2003.
end of announcement        euro adhoc 28.04.2003

Further inquiry note:

HTP High Tech Plastics AG Mag. Isolde Kühhas Tel.: 0664/3262647 Fax: 02253/20167
mailto:ikuehhas@htp.at

Branche: Synthetics & Plastics
ISIN: AT0000764600
WKN: 928963
Index: SMAX
Börsen: Baden-Württembergische Wertpapierbörse / free trade
Bayerische Börse / free trade
Berliner Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Hamburger Wertpapierbörse / free trade
Frankfurter Wertpapierbörse / official dealing

Plus de actualités: HTI High Tech Industries AG
Plus de actualités: HTI High Tech Industries AG