EANS-Adhoc: HTI High Tech Industries AG
After slower first quarter 2012 a
balanced result for the whole year 2012 is expected
Changes in the Supervisory
Board
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3-month report
30.05.2012
St. Marien / May 30, 2012 - HTI High Tech Industries AG ('HTI'), listed at the
prime market of the Vienna Stock Exchange, again reports on increases in new
orders after a generally slower economic development in the first quarter 2012.
Due to the economic uncertainties that burdened the consumption- and investment
behavior and consequently the order situation of the HTI Group starting with
the fourth quarter 2011, consolidated revenues of the first three months 2012
decreased from EUR 53.2 million to EUR 46.6 million. The operative earnings
before interest, tax, depreciation and amortization (EBITDA) amounted to EUR
0.1 million after EUR 3.9 million in the first three months 2011. The operative
earnings before interest and tax (EBIT) amounted to EUR -2.7 million (after EUR
1.5 million in the first quarter 2011). The consolidated result amounted to EUR
-4.3 million after EUR 0.8 million in the first three months 2011. Besides the
effects from the lower revenues the higher depreciation on fixed assets and
interest expenses had a negative impact on the result situation of the first
quarter 2012.
'Our utilization only began to recover by end of the first quarter 2012. This
trend has been continuing at the beginning of the second quarter and is a good
basis for the coming quarters', explains HTI CEO Peter Glatzmeier. An important
key issue for the current business year also lies in the intensification of
cooperation projects, in order to achieve an even higher market penetration and
to take advantage of the economies of scales', continues Glatzmeier.
OUTLOOK
The current order situation allows the expectations of revenues at least at
last year's level and a balanced result - under the condition that no
unforeseeable impacts of the sovereign debt crisis occur.
HTI sets its focus further on the reduction of the Group's indebtedness as well
as the strengthening of the internal financing power that shall enable the
Group to fund the further growth on its own. Against this background processes
and structures as well as the strategic positioning are being analyzed, in
order to increase the company's value effectively and on a long-term basis. The
changes in regard to Technoplast were a conscious and necessary step in this
direction.
In accordance with the resolutions jointly published by the Management Board
and Supervisory Board on May 29, 2012 in preparation for the Annual General
Meeting to be held on June 19, 2012, Mr. Kurt Helletzgruber has been nominated
for election to serve on the Supervisory Board by the Annual General Meeting.
On May 30, 2012, HTI received a resolution submitted by Raiffeisen-Landesbank
Steiermark AG in accordance with Section 110 Austrian Stock Corporation Act,
which proposes that Mr. Christian Loimayr is to be elected as a Member of the
Supervisory Board. On May 30, 2012, the company was notified by Mr. Willibald
Dörflinger (Deputy Chairman of the Supervisory Board) and Mr. Hannes Androsch
(Member of the Supervisory Board) of their intention to resign from their
positions on the Supervisory Board within a notice period of four weeks. Thus
their resignations will take effect at the end of June 2012.
| | |1-3/201|1-3/201|
| | |2 |1 |
|Revenues |MEUR |46.6 |53.2 |
|Operative earnings before interest, tax, |MEUR |0.1 |3.9 |
|depreciation and amortization (EBITDA) | | | |
|Operative earnings before interest and debt (EBIT)|MEUR |-2.7 |1.5 |
|Earnings before tax (EBT) |MEUR |-4.3 |0.4 |
|Net result after tax |MEUR |-4.3 |0.8 |
|Earnings per share |Euroce|-9 |3 |
| |nt | | |
Indicative Announcement for Financial Reports:
HTI High Tech Industries AG announces that the report on the first quarter 2012
has been 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
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
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