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HTI High Tech Industries AG

euro adhoc: HTI - High Tech Industries AG
quarterly or semiannual financial statement
HTI AG CONTINUES GROWTH PATH

  Disclosure announcement transmitted by euro adhoc. The issuer is responsible
  for the content of this announcement.
quaterly report
15.05.2008
HTI AG CONTINUES GROWTH PATH
Total sales up 21.6%, to TEUR 41,620 - EBITDA +11.4%, to TEUR 4,296 -
EBIT increases by 15.3%, to TEUR 1,653 - Acquisitions of HTP 
Skinline, Theysohn and Technoplast concluded - Sales target in 2008 
of about EUR 200 million
St. Marien/Vienna, May 15, 2008. The first quarter of the current 
business year 2008 of HTI High Tech Industries AG featured the formal
conclusion of the acquisitions of HTP Skinline (Plastics Processing 
segment) and Theysohn (Mechanical Engineering segment). In addition, 
HTI AG has pressed ahead with its market penetration of the Eastern 
European growth region by setting up a subsidiary for form molding in
Brasov, Romania, thus laying the groundwork for further organic 
growth.
In the first three months of 2008, total sales rose 21.6%, to TEUR 
41,620, up from TEUR 34,232 in Q1 2007. Earnings before non-recurring
items, interest, tax, depreciation and amortization (EBITDA) improved
by 11.4%, to TEUR 4,296. The earnings before interest and tax (EBIT) 
rose 15.3%, from TEUR 1,434 to TEUR 1,653. Due to the disadvantageous
exchange rate developments of the British pound and the US dollar, 
expenses involved in the expansion and transfer of the Gruber & Kaja 
plant to St. Marien, the integration of HTP Skinline and the 
restructuring of the German business operations following 
cancellation of a large contract, the operating margin declined 
slightly compared to the first quarter of 2007. The EBITDA margin in 
the period January - March 2008 was 10.3% (Q1 2007: 11.3%), whereas 
the EBIT margin amounted to 4.0% (Q1 2007: 4.2%). Earnings before 
interest and tax (EBT) decreased from TEUR 744 to TEUR 349. On 
balance, consolidated net profit fell from TEUR 683 to TEUR 311. Due 
to the increased number of outstanding shares, amongst other reasons,
earnings per share in the first quarter of 2008 were EUR 0.02 (Q1 
2007: EUR 0.06).
The Metals Processing segment raised its total sales to TEUR 16,163 
in the first three months of the 2008 business year, up from TEUR 
11,836* in Q1 2007, although full production capacity had not yet 
been reached due to the transfer of the Gruber & Kaja machinery from 
the former production site to the new location in St. Marien. The 
segment´s results from operating activities amounted to TEUR 800 (Q1 
2007: TEUR 450*), with the EBIT margin at 4.9% (Q1 2007: 3.8%*).
In the Plastics Processing segment, despite the delay of several 
contract orders called upon by customers, segment sales remained at 
the same level as the comparable period of the preceding year. All in
all, sales in the first quarter of 2008 amounted to TEUR 19,678, up 
from TEUR 19,569. The above-mentioned restructuring in connection 
with the cancellation of a large contract in Germany, the one-off 
investments and start-up costs related to the new plant construction 
in Slovakia, the founding of the Romanian subsidiary and the 
integration of HTP Skinline had a negative impact on earnings of the 
Plastics Processing segment. In the first thee months of 2008, EBITDA
amounted to TEUR 2,081 (Q1 2007: TEUR 2,364), whereas EBIT was TEUR 
204 (Q1 2007: TEUR 531).
The Mechanical Engineering segment is the smallest of the three 
industrial core segments in the HTI Group in terms of sales, but the 
most profitable. It posted total sales of TEUR 5,869 (Q1 2007: 
2,827*), but contributed a disproportionately high share of Group 
EBIT. The EBIT of the Mechanical Engineering segment, at TEUR 737, 
represents an EBIT margin of 12.6%.
The Other segment primarily encompasses the business activities of 
HTI AG and ProRegio Mittelstandsfinanzierungs AG. The earnings before
tax of TEUR -290 is chiefly related to holding expenditures and the 
interest expenses on the corporate bond issued by HTI AG. ProRegio 
has held the new 10% shareholding in Carbo Tech Composites GmbH since
the end of the 2007 business year.
The initial consolidation of the Theysohn Group will probably take 
place as of April 1, 2008, whereas the Technoplast Group will be 
consolidated as of May 1, 2008. For the 2008 business year as a 
whole, the Management Board of HTI AG expects total sales to be about
EUR 200 million with corresponding earnings margins, on the basis of 
organic growth and further acquisitions.
Key HTI Group indicators (IFRS)                 1.1.-31.3.2008  1.1.31.3.2007
Total sales                     TEUR                41,620         34,232
Plastics Processing segment     TEUR                19,678         19,569
Metals Processing segment       TEUR                16,163         11,836
Mechanical Engineering segment  TEUR                 5,869          2,827
EBITDA                          TEUR                 4,296          3,858
EBIT                            TEUR                 1,653          1,434
EBT                             TEUR                   349            744
Consolidated net profit for
the period                      TEUR                   311            683
EBITDA margin                   %                       10.3           11.3
EBIT margin                     %                        4.0            4.2
EBT margin                      %                        0.8            2.2
Consolidated earnings margin    %                        0.7            2.0
Earnings per share              EUR                      0.02           0.06
Balance sheet total             TEUR               199,087        171,255
Equity                          TEUR                45,878         44,466
Equity ratio                    %                       23             26
Gearing                         %                      166            112
Capital expenditure             TEUR                 4,071          1,711
Depreciation and amortization   TEUR                 2,643          2,424
Gross cash flow                 TEUR                 2,472          3,176
Net cash flow from operating activities
                                TEUR                -2,800            991
Average number of employees     Total                1,209            998
Total gross income/employee     TEUR                    34             34
* Only 2 months results included in 2007 due to the date of consolidation.
end of announcement                               euro adhoc

Further inquiry note:

HTI High Tech Industries AG, Ms. Nadja Goyer, Investor Relations, Tel: +43 (0)
3862 304 - 8562, Fax: +43 (0) 3862 304 - 7598, n.goyer@hti-ag.at
Hochegger Financial Relations GmbH, Mr. Dieter Riedlinger, Senior Consultant,
Tel: +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
Plus de actualités: HTI High Tech Industries AG