Ad-hoc | 29.11.2011 HTI increases revenues, order situation and nine-month result

• Revenues increased by 7.2% during the first three quarters 2011
• Net result after tax: EUR 0.5 million / by EUR 2.7 million better than last year
• Utilization of capacity until far into the year 2012

St. Marien, November 29, 2011 – The technological group HTI High Tech Industries AG („HTI“), listed at the prime market of the Vienna Stock Exchange continues to improve its business development during the first nine months 2011. Revenues of the HTI-Group from January until September 2011 increased by 7.2% to EUR 153.5 million, compared to the first three quarters 2010.

The operative earnings before non-recurring items, interest, tax, depreciation and amortization (EBITDA) slightly increased in nine-month comparison from EUR 11.4 million (first nine months 2010) to EUR 11.6 million in the first nine months 2011. The operative earnings before non-recurring items, interest and tax (EBIT) increased by 15.2% to EUR 3.8 million in nine-month comparison. This portrays an EBIT-margin of 2.4% (after 2.2% same period last year). The net result after tax turned from EUR -2.2 million in the first three quarters 2010 to now EUR 0.5 million.

The segment Engineering in the first nine months 2010 was positively influenced by a large order in the extrusion industry as well as by a one-off positive earnings effect from the foundation of a Joint Venture. However, in the fourth quarter 2011 for this segment HTI expects a better development of earnings than during the same period last year.

During the first nine months 2011 significant key figures of HTI were further improved. With a higher total of the statement of financial position the equity ratio as of September 30, 2011 increased to 17% (after 10% as of September 30, 2010). This is a result of a variety of equity measures, especially the restructuring of the Group’s financing with banks and a successful cash capital increase in summer 2011.

‘Our order situation has been developing quite positively, especially during the past few weeks. Then, we received some technologically highly sophisticated orders, mainly in the segments Lightweight Construction and Engineering’, comments HTI-CEO Peter Glatzmeier on the development of business. ‘This pending order situation confirms the good positioning of HTI as the supplier of problem solutions for complex topics in the growth areas mobility, infrastructure and energy’, says Glatzmeier.

OUTLOOK
Despite all current macro economic uncertainties HTI is confident to generate the annual revenues, as planned for the year 2011, in the amount of more than EUR 200 million and consequently a clear positive EBIT. Also for the business year 2012 HTI is optimistic, based on the actually very good order situation. However, they are well aware of the fact that the global economic environment may change very rapidly. Consequently action packages were developed in response to various possible scenarios, which may be implemented by the operative units in the individual sales markets quite quickly, if need be.

         1-9/2011 1-9/2010 Veränderung
Revenues MEUR 153.5 143.2 +7.2%
Operative earnings before non-recurring items, interest, tax, depreciation and amortization (EBITDA) MEUR 11.6 11.4 +1.8%
Operative earnings before non-recurring items, interest and tax (EBIT) MEUR 3.8 3.3 +15.2%
Earnings before non-recurring items and tax (EBT) MEUR 0.1 -2.1 +2.2 MEUR
Net result after tax MEUR 0.5 -2.2 +2.7 MEUR
Earnings per share Eurocent 2 -8 +10 Eurocent

Indicative announcement for financial reports
HTI High Tech Industries AG announces that the 3rd quarter report 2011 was published and is available for download under: http://www.hti-ag.at/en/investor-relations/publications/financial-reports/.
 

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