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Polytec Holding AG

EANS-Adhoc: Polytec Holding AG
RESULT OF POLYTEC GROUP FOR THE FIRST NINE MONTHS 2010

  ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
  distribution. The issuer is solely responsible for the content of this
  announcement.
9-month report
03.11.2010
- Recovery of the automotive industries continued also in Q3 2010 - 
Group sales for the first nine months increased by 26.9% to 550 mill.
EUR - Consequent implementation of efficiency measures results in a 
notable improvement of the earnings situation and an EBITDA margin of
5,5 % - Earnings per shares of 0,36 EUR (1-9 2009: -1,31 EUR) - 
Increase of outlook for 2010: Sales of about 750 mill. EUR and an 
EBITDA of at least 40 mill EUR is expected
Q3 2010 Q3 2009 Change in % 1-9 2010 1-9 2009 Change in %
Sales               184,4   142,5   29,4%       550,2    433,7    26,9%
EBITDA               13,6     3,8  255,4%        30,2     -3,2
EBIT                  6,8    -3,5                 9,8    -25,1
Result from continued operations
                      9,9    -5,1                 8,7    -29,2
Result from discontinued operations
                      0,0    12,6                 0,0    -37,9
Net income            9,9     7,6   31,6%         8,7    -67,1
EBITDA margin        7,4%    2,7%                5,5%     -0,7%
EBIT margin          3,7%    -2,4%               1,8%     -5,8%
The positive dynamic business trend registered in the previous 
reporting periods also continued in the third quarter 2010, with 
group sales showing considerable growth of roughly 30% to EUR 184.4 
million. In the first nine months of 2010 this increase amounted to 
26.9% or EUR 116.5 million. Group EBITDA also showed a favorable 
development in the third quarter 2010, rising to EUR 13.6 million 
compared to EUR 3.8 million in the same period of the previous year. 
In the first nine months of 2010, group EBITDA amounted to EUR 30.2 
million, which corresponds to an EBITDA margin of 5.5%. In addition 
to the global recovery trend of the market, this favorable 
performance of group EBITDA is mainly attributable to the 
implementation of efficiency measures and the continued high cost 
awareness of the management. Nevertheless this fairly positive 
earnings development has to be seen in the context of the continued 
need for remedial action in the "problem areas" of the Automotive 
Systems Division (please refer to the segment reporting and the 
outlook for further details in this regard). The first half of 2010 
was marked by the achievement of a turnaround at the group level with
the company´s operating result turning positive for the first time 
since the beginning of the financial and economic crisis. This 
favorable development also continued in the third quarter of 2010, 
with net profit for the period amounting to almost EUR 9 million 
after a loss of EUR 97 million in the previous year.
OUTLOOK
Based on the dynamic development of the automotive and commercial 
vehicle industry, which continued in the third quarter of 2010 und 
the forecasts for the rest of the year, total group sales of EUR 750 
million are anticipated for the full year 2010. Compared to the 
interim report for the half year 2010, sales forecasts for the 
full-year 2010 have been significantly raised. However, a certain 
degree of insecurity with regard to the actual development until 
year-end persists. This improved forecast will logically also have a 
positive impact on the development of earnings, with full-year EBITDA
expecting to total at least EUR 40 million from today´s perspective.
However, it remains to be seen whether the turnaround measures 
currently underway can be completed on time, thus averting the need 
for additional restructuring measures with a negative impact on 
results.
The interim report for the first nine months is available for 
download on www.polytec-group.com.
end of announcement                               euro adhoc

Further inquiry note:

Manuel TAVERNE
POLYTEC GROUP
Investor Relations
Tel.+43(0)7221/701-292
manuel.taverne@polytec-group.com

Branche: Industrial Components
ISIN: AT0000A00XX9
WKN: A0CA1R
Index: ATX Prime
Börsen: Wien / official market

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