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Binder+Co Aktiengesellschaft

euro adhoc: Binder+Co Aktiengesellschaft
Financial Figures/Balance Sheet / Binder+Co improves its result for the year by 25 %

  Disclosure announcement transmitted by euro adhoc. The issuer is responsible
  for the content of this announcement.
annual report
05.03.2008
Gleisdorf, March 5, 2008. At today´s presentation of its Annual 
Report for 2007, Binder+Co was again able to convince with positive 
figures. In the past year, the Styrian specialist for processing, 
environmental and packaging technology increased its sales by 25.2% 
to EUR 53.4 million and improved its EBIT by 25.7% to EUR 4.9 
million. At EUR 57.5 million, company order intake was also 25.0% up 
on the value for the preceding year.
Dynamic development in all segments The positive trend in the 
construction and construction sub-supply industry, the iron and steel
industry, the European recycling branch and the booming petrochemical
industry in Asia, furnished an appropriate level of dynamism in 
Binder+Co´s markets and the company was able to use this positive 
situation for growth in all of its three business segments.
In addition to the generally favourable economic climate, Binder+Co´s
high levels of expertise as a systems supplier constitute a clear 
competitive advantage. As a consequence, the sales of single machines
and complete systems, as well as business in the after sales services
sector, were all markedly increased. At the same time, Binder+Co 
consolidated its market positions in all three of its product 
segments.
Developments in the individual product segments In 2007, the 
Processing Technology Segment benefited from strong demand from 
Western and Eastern Europe, and Asia. The high levels of demand in 
the CEE and CIS states derived mainly from the minerals and 
construction materials industry, while the southeast Asian and Indian
markets were characterised by a prolongation of solid demand from the
iron and steel production industry. Accordingly, the prudence of the 
decision to concentrate on increased activities in these markets was 
clearly confirmed. Processing Technology Segment sales in the period 
under review amounted to EUR 24.98 million (46.7 % of total sales), 
the EBIT contribution totalling EUR 3.59 million (73.4 % of total 
EBIT). Order intake in this segment in 2007, was largely 
characterised by single machine orders and at year-end stood at a 
total of EUR 25.81 million.
The first half of 2007 in the Environmental Technology Segment was 
characterised by single machine business in the glass recycling area,
which emanated from numerous expansion and modification projects in 
the EU states, and initial plants in Eastern Europe. The second half 
of the year saw the intake of more orders for complete systems, in 
particular from Western Europe and North America. The new generation 
of the CLARITY PLUS product family, which can also cover the special-
glass sorting area through the use of multi-sensor technology, 
developed into an absolute best seller. During the period under 
review, this segment also completed a glass-recycling centre in Pila,
Poland, which constitutes a reference project of significance for the
highly promising markets in Central and Eastern Europe. At EUR 15.11 
million (28.3 % of total sales), Environmental Technology Segment 
sales were 16 % up on the preceding year. The Segment provided an 
EBIT contribution of EUR 1,09 million (22.3 % of total EBIT). A total
of EUR 15.74 million in new orders was captured.
During the period under review, the sales situation in the Packaging 
Technology Segment was extremely positive. In India and Southeast 
Asia the segment profited from the growing demand for complete 
systems for high-performance packaging and palletising in the 
petrochemicals industry. Numerous orders were received for single 
machines from the European, African and Australian markets. Only the 
order volume in the USA was limited by the euro exchange rate. On the
basis of numerous orders for single machines, the Packaging 
Technology Segment achieved sales of EUR 13.35 million (25.0 % of 
total sales) in the past year. This was 76.4 % higher than the figure
for 2006. However, due to low-margin systems orders, at EUR 0,21 
million (4.3 % of total EBIT), EBIT was down on the preceding year. 
Order intake in the segment developed better than in 2006 with a 
total of EUR 15.94 million in new orders.
Innovation as an important factor in success Binder+Co demonstrates 
high levels of innovative strength through an average innovation rate
of 30%, which means that around a third of new order intakes were 
achieved with new products, which were launghed to the market within 
the past three years. In view of the continuing trend towards 
recycling and resource conservation, the Environmental Technology 
segment is especially forward looking and with CLARITY PLUS, 
Binder+Co has launched the first three-way solution for the sorting 
of used glass by colour to come onto the global market. In the 
product innovation area, development work is currently under way with
regard to sorting devices for minerals, plastics and paper. In 
addition, a research work in the packaging segment  Is planned.
Further growth to be sought Binder+Co has a clear corporate growth 
strategy, which on the basis of a strong position as the technology 
and business leader in important product areas and markets, 
incorporates the four main objectives of innovation and product 
development (Product Leadership), focused marketing (Market Reach), 
process optimisation (Operational Excellence) and targeted 
acquisitions.
Outlook for 2008 In 2008, Binder+Co is to step up its efforts in the 
high-potential markets of Central and Eastern Europe and Asia, with a
special focus on India and Southeast Asia. The company is looking for
the rapid implementation of current development projects, further 
expansion of its sales network in the CEE states and a steady rise in
productivity at its Gleisdorf location. The order backlog of EUR 
20.07 million at the beginning of the year represents a solid basis 
for another improvement in sales and the result.
In addition, Binder+Co intends to further consolidate its 
technological leadership with regard to core products, and system and
plant building competence is to be augmented. This will both serve 
the increase of single machine sales and also strengthen the range of
complete package solutions on offer.
The Binder+Co share Binder+Co also demonstrated positive development 
during its first year on the Vienna Stock Exchange. In midd-2007, the
company became one of the first to transfer to the newly created mid 
market segment and in July relisting followed to regulated OTC 
trading.
As far as share performance is concerned, the company can also 
reflect on solid development during the reporting period. Starting at
a level of EUR 10.30 at the beginning of the year, on December 31, 
2007, the share price stood at EUR 12.90, which represented a rise of
25.2%.
In addition to the company´s highly successful operative development,
the Binder +Co share gained added impetus from the withdrawal of 
Waagner-Biro Beteiligungsverwaltungs GmbH, which in the course of a 
concentration on steel construction and stage equipment, has sold all
of its shares at February 28, 2008. This has markedly increased both 
Binder+Co´s liquidity and its attractiveness to investors.
end of announcement                               euro adhoc

Further inquiry note:

Karl Grabner, Member of the Management Board
Tel.: 03112/800-363

Branche: Machine Manufacturing
ISIN: AT000BINDER3
WKN:
Index: mid market
Börsen: Wiener Börse AG / Regulated free trade

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