EANS-Adhoc: HTI High Tech Industries AG
HTI increases revenues, order
situation and nine-month result
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9-month report
29.11.2011
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|Change |
|Revenues |MEUR |153.5 |143.2 |+7.2% |
|Operative earnings before |MEUR |11.6 |11.4 |+1.8% |
|non-recurring items, interest, tax, | | | | |
|depreciation and amortization | | | | |
|(EBITDA) | | | | |
|Operative earnings before |MEUR |3.8 |3.3 |+15.2% |
|non-recurring items, interest and | | | | |
|tax (EBIT) | | | | |
|Earnings before non-recurring items |MEUR |0.1 |-2.1 |+2.2 MEUR |
|and tax (EBT) | | | | |
|Net result after tax |MEUR |0.5 |-2.2 |+2.7 MEUR |
|Earnings per share |Euroce|2 |-8 |+10 |
| |nt | | |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/.
Further inquiry note:
HTI High Tech Industries AG
DI Peter Glatzmeier
CEO
Tel: +43 (0) 3862 304 - 8590
Fax: +43 (0) 3862 304 - 7598
E-Mail: peter.glatzmeier@hti-ag.at
HTI High Tech Industries AG
Mag. Nadja Goyer
Corporate Communications & Investor Relations
Tel: +43 (0) 3862 304 - 8562
Fax: +43 (0) 3862 304 - 7598
E-Mail: nadja.goyer@hti-ag.at
end of announcement euro adhoc
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issuer: HTI High Tech Industries AG
Gruber & Kaja Straße 1
A-4502 St. Marien bei Neuhofen
phone: +43(0)3862/304-8562
FAX: +43(0)3862/304-7598
mail: ir@hti-ag.at
WWW: http://www.hti-ag.at
sector: Holding companies
ISIN: AT0000764626
indexes: WBI, Prime Market
stockmarkets: official market: Wien
language: English
Original content of: HTI High Tech Industries AG, transmitted by news aktuell