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SW Umwelttechnik Stoiser & Wolschner AG

euro adhoc: SW Umwelttechnik Stoiser & Wolschner AG
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SW Umwelttechnik disposes of property in Budapest

  Disclosure announcement transmitted by euro adhoc. The issuer is responsible
  for the content of this announcement.
15.06.2007
Stock exchange announcement: 15 June 2007
SW Umwelttechnik disposes of property in Budapest
Framework agreement for sale of 6 hectare (ha) property in Budapest 
signed E3.6 million (m) profit expected Capital base strengthened for
investment in Romania
Two years after starting to transfer production  facilities  to  its 
new  South Budapest works SW Umwelttechnik is now in a position to 
dispose  of  a  property in Budapest which is surplus to operational 
requirements. Under the terms  of  a framework agreement with  a  
Hungarian  buyer  concluded  on  14  June  2007  SW Umwelttechnik has
undertaken to spin off the 6 ha  developed  property  together with 
unneeded production facilities into a new subsidiary, and  transfer  
it  to the purchaser by the end of the second quarter of 2008.
The agreement will bring gains of E0.6m this year and the  main  
amount  of  E3m will be reported as income from  the  realisation  of
undisclosed  reserves  in 2008. The parties have agreed to keep the 
purchase price confidential.
The transaction still  leaves  SW  Umwelttechnik  holding  over  40 
ha  of  land surplus to operational requirements. This is earmarked 
for disposal in the  next few years, and is expected to generate at 
least E6m.
The profits will mainly be used to fund rapid expansion in  Romania. 
Management expects earnings to increase in 2008 as a result of the 
land sales.
end of announcement                               euro adhoc 15.06.2007 11:00:00

Further inquiry note:

DI Heinz Wolschner
Vorstand der SW Umwelttechnik
Tel.: +43/463 321 09, Fax: +43/463/37667

Michaela Wolschner, Investor Relations
Tel.: +43/664/811 76 62, Fax: +43/1/368 86 86
E-Mail: michaela.wolschner@sw-umwelttechnik.com
Website: www.sw-umwelttechnik.com

Branche: Technology
ISIN: AT0000808209
WKN: 910497
Index: WBI
Börsen: Börse Berlin-Bremen / free trade
Frankfurter Wertpapierbörse / free trade
Wiener Börse AG / Regulated free trade

Plus de actualités: SW Umwelttechnik Stoiser & Wolschner AG
Plus de actualités: SW Umwelttechnik Stoiser & Wolschner AG