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Thielert AG

Thielert AG continues on its growth course

Hamburg (euro adhoc) -

  ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for
  the content of this announcement.
balance/9-month report
Thielert AG has reported an increase in
turnover of 57 percent to a total of EUR 63.2 (previous year: 40.2) 
million for the first nine months of the 2007 financial year with the
Aircraft Engines segment making a key contribution here with sales up
by 108 percent at EUR 38.5 (18.5) million. Over the same period, the 
Technology & Prototyping segment recorded revenue growth of 14 
percent totalling EUR 24.7 (21.8) million.
The key earnings indicators EBITDA, EBIT and EBT all enjoyed positive
development too. EBITDA at EUR 16.5 (11.9) million exceeded the 
previous year´s level by 38 percent. EBIT rose by 39 percent to EUR 
12.7 (9.1) million, while EBT at EUR 10.6 million outperformed that 
of the previous year by 32 percent amounting to EUR 8.1 million. On 
the basis of overall development, consolidated profit stood at EUR 
8.1 (5.4) million.
The winning of new OEM customers affected the growth significantly, 
but also lead to the high start-up funding needs for serial 
production purposes and for further product development with regard 
to the engines CENTURION 2.0 and CENTURION 4.0. Nevertheless, an 
overall positive development in cash flow is apparent, which is 
expected to continue in the last quarter assuming business develops 
as planned. It should also be pointed out in this connection that net
financial liabilities and the ratio of working capital to sales have 
both declined.
Key data of Thielert AG according to IFRS
Sales (01.01.-30.09.2007): 63.2 million Euro
Sales (01.01.-30.09.2006): 40.2 million Euro
Sales (Changes): 57%
Gross profit on sales (01.01.-30.09.2007): 30.3 million Euro
Gross profit on sales (01.01.-30.09.2006): 26.1 million Euro
Gross profit on sales (Changes): 16.3%
EBITDA (01.01.-30.09.2007): 16.5 million Euro
EBITDA (01.01.-30.09.2006): 11.9 million Euro
EBITDA (Changes): 38%
EBIT (01.01.-30.09.2007): 12.7 million Euro
EBIT (01.01.-30.09.2006): 9.1 million Euro
EBIT (Changes): 39.1%
EBT (01.01.-30.09.2007): 10.6 million Euro
EBT (01.01.-30.09.2006): 8.1 million Euro
EBT (Changes): 31.8%
Consolidated net profit (01.01.-30.09.2007): 8.1 million Euro
Consolidated net profit (01.01.-30.09.2006): 5.4 million Euro
Consolidated net profit (Changes): 50.6%
Aircraft Engines Segment
Sales (01.01.-30.09.2007): 38.5 million Euro
Sales (01.01.-30.09.2006): 18.5 million Euro
Sales (Changes): 108%
Gross profit on sales (01.01.-30.09.2007): 20.7 million Euro
Gross profit on sales (01.01.-30.09.2006): 12.1 million Euro
Gross profit on sales (Changes): 71%
EBITDA (01.01.-30.09.2007): 13.2 million Euro
EBITDA (01.01.-30.09.2006): 7.2 million Euro
EBITDA (Changes): 84%
EBIT (01.01.-30.09.2007): 10.8 million Euro
EBIT (01.01.-30.09.2006): 5.9 million Euro
EBIT (Changes): 83%
Technology & Prototyping Segment
Sales (01.01.-30.09.2007): 24.7 million Euro
Sales (01.01.-30.09.2006): 21.8 million Euro
Sales (Changes): 13.6%
Gross profit on sales (01.01.-30.09.2007): 9.6 million Euro
Gross profit on sales (01.01.-30.09.2006): 13.9 million Euro
Gross profit on sales (Changes): -31%
EBITDA (01.01.-30.09.2007): 3.3 million Euro
EBITDA (01.01.-30.09.2006): 4.8 million Euro
EBITDA (Changes): -31%
EBIT (01.01.-30.09.2007): 1.8 million Euro
EBIT (01.01.-30.09.2006): 3.2 million Euro
EBIT (Changes): -42.3%
Outlook In view of the weak US dollar, increasing energy and raw 
material prices, and a lack of qualified staff, export-oriented 
German engineering manufacturers and aviation companies are facing 
special challenges. In the current year, the market for piston 
aircraft has exhibited a negative trend, with a minus of 6 percent. 
Aircraft that are equipped with a kerosene piston engine ex-works, 
i.e. the models of Thielert customers Diamond Aircraft Industries and
Apex Aircraft, have thus far been an exception. The volume of 
incoming orders and orders on hand for Thielert aircraft engines 
continues to increase. Apart from existing OEM customers, in 
particular new customer business, which is being continually 
expanded, will play a major role in this regard. Moreover, the 
company is also pushing the development of the Technology & 
Prototyping segment, particularly the integration of Superior Air 
Parts. Key components and systems continue to be manufactured, and 
development orders continue to be executed for defence technology 
customers. Existing business relations will further intensified. 
Provided developments proceed according to plan, this perspective 
will be reflected in the financial figures. "Even with this more 
difficult market environment it is still possible to achieve our 
revenue targets", said Frank Thielert, CEO and president of Thielert 
AG.
The complete interim financial report is available on the internet 
at: www.thielert.com.
end of announcement                               euro adhoc 14.11.2007 07:00:27

Further inquiry note:

Sebastian Wentzler
Head Corporate Communication
Telefon: +49 (37204) 6961270
E-Mail: press@thielert.com

Branche: Machine Manufacturing
ISIN: DE0006052079
WKN: 605207
Index: SDAX, CDAX, Prime All Share, Classic All Share
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse Hamburg / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade
Börse München / free trade

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