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Abonner HTI High Tech Industries AG

HTI High Tech Industries AG

euro adhoc: HTI - High Tech Industries AG
quarterly or semiannual financial statement
FIRST - THIRD QUARTER 2007: HTI´S SALES AND EARNINGS STAY ON COURSE - EBIT MORE THAN TRIPLED

Sales almost doubled - EBITDA: TEUR 12,119 (+79%) -

  Disclosure announcement transmitted by euro adhoc. The issuer is responsible
  for the content of this announcement.
9-month report
14.11.2007
FIRST - THIRD QUARTER 2007: HTI´S SALES AND EARNINGS STAY ON COURSE -
EBIT MORE THAN TRIPLED
EBIT: TEUR 4,980
(+271%) - EBT and consolidated result clearly positive - Dynamic and 
positive development of all three industrial segments - Outlook on 
entire year remains positive
St. Marien, November 14, 2007. The HTI High Tech Industries AG, 
listed on the Vienna Prime Market, looks back on very successful 
first nine months of the current business year. "As already in the 
first half-year, the HTI Group´s earnings situation further improved 
during the third quarter", summarises HTI Management Board Member DI 
Peter Glatzmeier. This is all the more positive since the third 
quarter, due to the annual closing of numerous customers usually 
tends to be the year´s weakest quarter.
In the months July to September, the acquisitions of the metal and 
engineering segments at the beginning of the year lead to a doubling 
of sales from TEUR 19,311 (third quarter 2006) to TEUR 38,746. The 
third quarter sales of the plastics segment, which are comparable to 
the previous year´s values, remained on the prior year´s level 
despite slow releases from Airbus. For the first nine months, the HTI
Group reports a total sales increase of 96.6% to TEUR 113,551 after 
TEUR 57,743 (first to third quarter 2006).
Due to the integration of the new profitable segments and the use of 
synergy effects, likewise the operating earnings situation shows the 
expected clear improvement. In the third quarter, the EBITDA 
(earnings before interest, tax, depreciation and amortisation) rose 
by 77.8% from TEUR 2,081 (third quarter 2006) to TEUR 3,700. The 
third quarter EBIT (earnings before interest and tax) increased 
threefold from TEUR 563 (third quarter 2006) to TEUR 1,733. Thus in 
the period July to September, the target margin of 4.5% to 4.7% for 
the entire business year was reached for the first time despite the 
seasonally rather weaker business performance.
During the entire reporting period (January 1, 2007 until September 
30, 2007) the EBITDA increased by 79.1% to TEUR 12,119 (first to 
third quarter 2006: TEUR 6,765) and the EBIT rose to TEUR 4,980 after
TEUR 1,342 (+271.1%). Hence, in the first three quarters, the 
EBIT-margin amounts already to 4.4%; the planned target margin of 
4.5% to 4.7% for the entire year seems to be in close reach.
The development of the financial result from TEUR -1,715 (Q1-Q3 2006)
to TEUR -2,805 (Q1-Q3 2007) is due to the group expansion and in 
addition to the financing costs for the expansion of the Vrablé site 
and the expenses for the issue and the financing of the corporate 
bond. After reporting a loss in the amount of TEUR -773 in last 
year´s reference period, consolidated result of TEUR 2,243 for the 
first three quarters 2007 clearly turned positive. However, despite 
the slight dilution because of the capital increase, earnings per 
share come to EUR 0.17 after EUR -0.08 in the last year.
All three industrial segments of the HTI AG develop satisfactorily. 
The new construction of the plastics site in Vrablé in Slovakia is 
now completed and the factory runs at full speed. In addition to 
existing projects that were transferred from other sites to Vrablé, 
the Company could gain new customers from the Slovakian automotive 
cluster and could acquire new orders on-site.
Also the expansion of the metal plant in St. Marien/Upper Austria, 
where the Group´s headquarters will be located, progresses quickly: 
the first translocations of production sites will already start 
during the current business year. The entire new construction will be
finalised as planned by the second quarter of 2008 and thus 
production will start on time at the new site.
The mechanical engineering segment has numerous new projects in the 
pipeline to provide a basis for the continuation of the growth course
with a sustainable above average positive earnings situation.
The segment Other Interests covers the activities of the HTI Holding 
and the ProRegio Mittelstandsfinanzierungs AG, which was consolidated
for the first time in this quarter.
In the first three quarters, the cash flow statement is mainly 
influenced by the newly acquired companies Gruber und Kaja, BBG 
Baugeräte and ProRegio as well as by the issue of a corporate bond. 
In the first nine months of the current financial year, gross cash 
flow more than doubled from TEUR 4,576 to TEUR 9,651. In the 
reference period, the cash flow from operating activities increased 
from TEUR 135 to TEUR 7,089. As of September 30, 2007, cash and cash 
equivalents, as a result of the bond issued in June, increased from 
TEUR 15,104 to TEUR 21,988.
Furthermore, the number of employees increased significantly due to 
the newly integrated companies. As of September 30, 2007, the HTI 
Group employs 1,133 persons, which are 453 people more compared to 
the previous year´s reference period. Thanks to the higher 
productivity, sales per employee rose from TEUR 87 to TEUR 104. 
Within the new Group structure, as at the end of September 2007, net 
debt increased from TEUR 23,487 to TEUR 57,768, which compared to the
end of 2006 lead to an increase in gearing from 75% to 134%.
The outlook on the overall year 2007 remains unchanged positive. For 
both, sales and earnings, the Company confirms the forecasts given on
the occasion of the announcement of the restructuring. Sales: between
EUR 150 million and EUR 160 million and an EBIT-margin of 4.5% to 
4.7%.
Key figures of the HTI Group according to IFRS
                   Jan 1-Sep 30,2007    Jan 1-Sep 30,2006   Changes in %
                             in TEUR              in TEUR
Total sales                  113,551               57,743        +96.65%
   Plastics segment           56,295               57,743         -2.50%
   Metal segment              44,644                    0
   Mechanical engineering
   segment                    12,612                    0
EBITDA                        12,119                6,765        +79.14%
EBIT                           4,980                1,342       +271.08%
EBT                            2,174                 -373
Consolidated result            2,243                 -773
EBITDA-margin in %             10.7%                11.7%         -8.55%
EBIT-margin in %                4.4%                 2.3%         +91.3%
EBT-margin in %                 1.9%                -0.6%
Consolidated result margin in % 2.0%                -1.3%
Earnings per share in EUR       0.17                -0.08
Total assets                 195,398                90,508      +115.89%
Equity                        42,957                30,224       +42.13%
Equity ratio in %                22%                   33%       -33.33%
Gearing in %                    134%                   69%       +94.20%
Capital expenditure in tangible
and intangible fixed assets   11,631                 6,034       +92.76%
Depreciation/amortisation      7,139                 5,423       +31.64%
Gross cash flow                9,651                 4,576      +110.90%
Cash flow from operating
activities                     7,089                   135
Headcount at closind date      1,133                   680       +66.62%
Sales per employee (TEUR)        104                    87       +19.54%
Please find further information on our company website www.hti-ag.at.
end of announcement                               euro adhoc 14.11.2007 07:20:00

Further inquiry note:

HTI High Tech Industries AG
Birgit Hochenegger-Stoirer,
Peter Glatzmeier
Members of the Management Board
Phone: +43 (0) 2622 460 - 0
Fax: + 43 (0) 2622 460 - 1102
b.hochenegger@hti-ag.at
p.glatzmeier@hti-ag.at

Hochegger Financial Relations GmbH
Dieter Riedlinger
Phone: +43 1 504 69 87
Fax: +43 1 504 69 87 60
d.riedlinger@hochegger.com

Branche: Holding companies
ISIN: AT0000764626
WKN: A0DQ9W
Index: WBI
Börsen: Wiener Börse AG / official market

Plus de actualités: HTI High Tech Industries AG
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