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Höft & Wessel AG

EANS-News: Höft & Wessel AG affirms positive forecast for 2010

Hanover/Germany, 6 May 2010. (euro adhoc) -

First quarter weaker year-on-year, as expected
  Corporate news transmitted by euro adhoc. The issuer/originator is solely
  responsible for the content of this announcement.
quarterly report
Subtitle: First quarter weaker year-on-year, as expected
Gratifying volume of new
orders in hand
The Hoeft & Wessel Group affirms its positive forecast despite the 
expected weak first-quarter performance. The IT hardware and software
specialist for ticketing, parking facilities and mobile solutions 
anticipates a slight increase both in sales revenues and in its 
operating result for the year 2010.
In the first quarter, the Company generated sales revenues of EUR 
15.9 million. In the same period a year earlier, due to temporary 
special effect the Company's sales revenues had turned out 
exceptionally high at EUR 24.5 million.
The operating result (EBIT) turned out negative, with -EUR 1.6 
million being recorded as at 31 March 2010 (2009: EUR 0.2 million). 
In contrast, the operational cash flow, at EUR 498,000 in the first 
quarter of 2010, was substantially boosted (previous year: -EUR 
2,597,000).
"As a rule, sales revenues of Hoeft & Wessel AG also tend to increase
from quarter to quarter. We also expect that to be the case this 
year. In the case of ticket vending and car park terminals, we can 
already determine a substantial share of our sales revenues on the 
basis of the orders contracted. As far as mobile terminals are 
concerned, we currently see increasing demand," says Hansjoachim 
Oehmen, CEO of the Hoeft & Wessel Group, in commenting on anticipated
business trends in the year 2010.
The order intake continued to see a gratifying development in the 
first quarter. In the first three months, new orders with a total 
volume of EUR 25.3 million were acquired. As a result, the newly 
signed contracts even almost matched the previous year´s volume of 
EUR 26.2 million, to which a large-scale order for car park terminals
placed by the U.S. city of Philadelphia had made a key contribution. 
The order portfolio as at 31 March 2010 came to EUR 83.8 million 
(31/12/2009: EUR 74.4 million). At the Annual General Meeting of 
Hoeft & Wessel AG scheduled for 17 June 2010, the shareholders will 
be asked to vote on the payment of a dividend for the very first 
time.
Key figures for the Hoeft & Wessel Group
In  EUR thousands      31.03.2010 31.03.2009 31.03.2008 31.03.2007 
31.03.2006 ----------------------------------------------------------
------------------- Sales revenues             15,901     24,466     
16,283     17,956     15,024
Operating result before
depreciation and
amortisation (EBITDA)       (385)      1,366        160         15      (321)
Operating result (EBIT)   (1,604)        220      (974)    (1,110)    (1,499)
in % of sales revenues        -        0.9          -          -          -
Earnings before taxes
(EBT)                     (1,814)          8    (1,309)    (1,422)    (1,630)
in % of sales revenues        -        0.1          -          -          -
Group earnings            (2,002)      (208)    (1,476)    (1,521)    (1,537)
Earnings per share
(in EUR)                   (0.24)     (0.02)     (0.17)     (0.18)     (0.18)
Cash flow from current
operating activities          498    (2,597)    (4,832)    (2,092)      4,521
Cash flow from
investment activities       (978)    (1,287)    (1,344)    (1,262)    (1,393)
Net cash flow                (77)         86      (999)    (2,149)      (193)
Average number of employees   495        494        506        500        489
Quarterly Report 2010 and further reports: http://www.hoeft-
wessel.com/en/ir/ir.htm
Photos within the press kit:
http://www.presseportal.de/pm/12945/hoeft_wessel_ag/
end of announcement                               euro adhoc

Further inquiry note:

Dr. Arnd Fritzemeier
Tel.: +49-511-6102-300
E-Mail: af@hoeft-wessel.com

Branche: Technology
ISIN: DE0006011000
WKN: 601100
Index: TecDAX, Prime All Share, Technology All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
Hannover / free trade
München / free trade

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