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euro adhoc: Binder+Co Aktiengesellschaft
Annual Reports
Binder+Co again improves all its key indicators in the first half-year 2008

  Disclosure announcement transmitted by euro adhoc. The issuer is responsible
  for the content of this announcement.
6-month report
19.08.2008
Ad hoc press release
Binder+Co again improves all its key indicators in the first 
half-year 2008
Gleisdorf, August 19, 2008. The thoroughly positive market climate 
and the solid order basis secured in the last quarter of 2008, 
enabled the Styrian-based Binder+Co, which specialises in processing,
environmental and packaging technology, to achieve a marked 
improvement in its sales and results for the first half of 2008.
Sales up by almost a third, EBIT virtually doubled Binder+Co was able
to raise its sales for the first half-year 2008 by 30.9% to EUR 31.55
million (H1/2007: EUR 24.11 million). The main factor in this notable
growth rate was the clearing of numerous systems projects in the 
three product segments, processing, environmental and packaging 
technology.
Last, but not least, the spare parts and services business in all 
segments made a major contribution to the successful course of 
business. The significance of the after-sales area is reflected by 
its share of sales, which in recent years has remained relatively 
constant at a level of around 20.0%. In this area, Binder+Co profited
from the increasing demand for single machines from the product 
segments.
During the period under review, foreign sales revenues amounted to 
84.7% (H1/2007: 78.6%) of total revenues and thus underlined the 
importance of export business. The EU (excluding Austria) continued 
to be the main market with a share of 48.5%, followed by eastern 
Europe (CEE and CIS) with 17.5%. 13.4% of sales revenues emanated 
from Asia and Australia, 5.3% from Africa and the Americas.
EBIT was virtually double that achieved in the comparable period of 
2007 (H1/2007: EUR 1.45 million) and amounted to EUR 2.76 million 
(+90.3%). The main factors in this disproportionately large increase 
as opposed to sales were the improved margins obtained for cleared 
single machine orders and strong spare part and service business.
Order intake more than doubled With total order intake of EUR 52.12 
million, which was more than twice the figure for the previous year 
(H1/2007: EUR 24.73 million), at the end of June 2008, Binder+Co had 
an order backlog of EUR 40.64 million. This figure is not only 
clearly above the comparative totals of the past year (December 31, 
2007: EUR 20.07 million, June 30, 2007: EUR 16.64 million), but also 
creates an excellent basis for the second half of 2008.
With a backlog of EUR 40.64 million, an order volume of just over EUR
16.00 million has already been secured for 2009 and 2010.
Outlook Economic development in Europe (western Europe, CEE) has a 
marked influence on Binder+Co growth and according to the European 
Commission (as at April 2008) GDP growth of 1.5% can be expected for 
2009 as a whole.
Even if the predictions regarding general economic development are 
somewhat less optimistic than those originally given, the estimates 
for Binder+Co remain above these forecasts. On the basis of the solid
performance of the first half of 2008, the management of Binder+Co AG
expects that sales and EBIT for the whole of 2008 will be higher than
the 2007 figures.
The Binder+Co share price follows the market trend In line with the 
general market trend, during the period under review the price of the
Binder+Co AG share, which is listed on the Vienna Stock Exchange, 
showed a downward trend. On the basis of a level of EUR 12.79 at the 
beginning of 2008, the price fell by around 7.0% in the first six 
months of the year and on June 30, 2008, stood at EUR 11.90. As 
compared to the ATX, which in the same period fell by around 12.0%, 
the Binder+Co share performed relatively well.
Share buy-back In May 2008, Binder+Co commenced the buy-back of 
shares up to a volume of 10% of share capital, approved by the Annual
General Meeting of Shareholders on March 26, 2008. By the end of May,
a package of 40,000 shares had been purchased at a price of EUR 
11,75. The repurchased shares are intended for use in the planned 
employee stock option programme.
Binder+Co Binder+Co AG specialises in processing, environmental and 
packaging technology and is the world market leader in the field of 
screening technology (for difficult to screen bulk materials) and 
glass recycling. The company, which has been listed on the Vienna 
Stock Exchange since December 2006, was admitted to the newly created
mid market segment in June 2007 and in July 2007 was authorised to 
participate in OTC trading. With an average of 214 employees, in 2007
Binder+Co achieved sales of EUR 53.4 million and hence EBIT of EUR 
4.9 million. Accordingly, the EBIT margin amounted to a solid 9.2%.
end of announcement                               euro adhoc

Further inquiry note:

Karl Grabner, Member of the 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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