euro adhoc: SW Umwelttechnik Stoiser & Wolschner AG / Financial Figures/Balance Sheet / SW Umwelttechnik unveils preliminary annual results for 2007

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preliminary annual results for 2007

28.02.2008

. EBIT up 12% to EUR 4.6 million . Order backlog at all-time high of
EUR 46 million despite harsh trading environment . Record E26 million
investment programme . Return to Vienna Stock Exchange prime market
in May 2007

Despite difficult trading conditions in its core Hungarian
and Romanian markets, SW Umwelttechnik was able to unveil a highly
creditable set of results for 2007 today. The Group will be looking
to maintain its solid growth momentum in Central and South-Eastern
Europe in 2008, and the outlook is good. Order backlog hit at an
all-time high at balance sheet date.

The Group's unaudited preliminary IFRS results show a 5.9% fall in
revenue to E96.1 million (m) in 2007 (2006: E101.9m). The main
reasons for this were government spending cuts in Hungary which
led to a sharp decline in municipal contract awards, as well as
hold-ups in EU funded infrastructure projects in Romania. Part of
the lost ground was made up by increased deliveries to
commercial and industrial customers, and exports to countries
bordering core markets.

The key Hungarian market accounted for E57.2m or 60% of revenue
in 2007, compared to E67.5m or 66% in the previous year. As
expected, the revenue contribution of the Austrian market shrank
to E19.3m (2006: E23.0m) or 20% (2006: 23%) due to works
closures in 2006. The revenue share generated in Romania was
below forecast due to delays in EU projects, only rising to 9%, to
reach E8.6m. Exports from Hungary to Slovakia rose from to E6.6m
(2006: E1m) or 7%. The revenue contribution of "other countries"
(Croatia, Italy and Slovenia) more than doubled to over E4m (4%),
from E2.3m in 2006, most of the growth being driven by exports
from the group's Hungarian and Austrian sites.

An upbeat performance from the Group's Infrastructure sector in
2007 boosted its revenue contribution to 51% from 43% in 2006. The
proportion of revenue accounted for by the Water Conservation
sector edged down to 30% (2006: 32%), while the Engineering sector
was hardest hit by public spending cuts in Hungary and its segmental
share contracted to 19% (2006: 25%).

Earnings before interest and tax (EBIT) improved again, by 12% to
E4.6m (2006: E4.1m) despite adverse trading conditions. Some E2m in
non-capitalised start-up losses in Romania are recognised in this
figure.

EBITDA was up by 2% to a record E9.4m (2006: E9.2m).

The sharp devaluation of the Romanian leu towards the end of 2007
resulted in a marked deterioration in net finance costs, as it
caused a hefty book loss on the investments made during the
summer. Due to this effect net finance costs increased to E3.3m
(2006: E1.2m).

The resultant decline in profit on ordinary activities (POA) to
E1.2m (2006: E2.9m) was in line with management's expectations. Due
to the positive Austrian earnings trend it was possible to realise
tax loss carryforwards under IFRS, meaning that the profit for
the period held at E1.6m (2006: E2.1m).

Order backlog Order backlog of E46.0m at balance sheet date
was the highest in SW Umwelttechnik's history, and represented a
year-on-year gain of 77% (2006: EUR 25.9m). Order bookings were
particularly encouraging in the light of the difficult market
conditions in Hungary and Romania.

Employees The average head count decreased by 5% to 797 in 2007
(2006: 836), bringing it into line with reduced output. At balance
sheet date the Austrian workforce numbered 153 (2006: 193), the
Hungarian payroll 545 (2006: 583), and the Romanian 99 (2006: 60).
The start-up of the new factory in Bucharest raised the number of
employees in Romania in the meantime to 190.

Capital expenditure Some 50% of the record capital expenditure of
E26m in 2007 was channelled into the construction of new production
facilities in Romania, while 40% was devoted to plant expansion and
modernisation projects in Hungary - most of the money going to
the final expansion phase at the South Budapest site - and 10%
to restructuring programmes at the Austrian sites.

Dividend recommendation The Management board will be recommending
payment of a dividend of E0.30 per share (2006: E0.30) for the
2007 financial year at the annual general meeting. Share price
performance In May 2007 SW Umwelttechnik achieved its objective of
returning to the Vienna Stock Exchange prime market. The
outstanding performance of the company's share price, which put on
138% in 2007, demonstrates investors' confidence in its
long-term strategy. SW Umwelttechnik was the top performer on the
Vienna prime market in 2007.

Outlook Despite the challenging market conditions in Hungary and the
fact that major EU funded projects in Romania are still on hold,
management anticipates a further marked improvement in operating
results in 2008. This expectation is based on the following
factors:

. The four factories due for completion in Romania within the next five
years will be capable of manufacturing the group's entire product range.
Due to expected delays in major EU funded projects management has shifted
the focus in this market to industrial and commercial projects in 2008.
. SW Umwelttechnik will be looking to exploit its cost leadership to extend
its strong market position in Hungary. Due to the government's budget
deficit reduction measures the slump in public sector contract awards is
likely to continue in 2008.
. The Group will continue to exploit growing demand in Slovakia by exporting
from Hungary.
. The key drivers for the Austrian operations will be new product
developments and efforts to expand exports to Italy and Slovenia.
. SW Umwelttechnik will start developing the Bulgarian, Moldavian, Serbian
and Ukrainian markets by exporting from Hungary and Romania.
. The disposal of property surplus to operational requirements will
positively impact results for 2008.

Founded in 1910, SW Umweltechnik remains a family business, though it
has been listed on the Vienna Stock Exchange since 1997. The group
is widely identified with sustainable enterprise and rapid
expansion in Central and Southeastern Europe. Its innovative
environmental technology products are contributing to
infrastructure renewal in CSE countries. SW Umwelttechnik employed
800 people at 16 sites and returned revenue of over E100m in 2006.

Financial highlights

|EUR m |2007 |2006 |
|Revenue |96.1 |101.9 |
|EBIT |4.6 |4.1 |
|EBITDA |9.4 |9.2 |
|POA |1.2 |2.9 |
|Prof. for period|1.7 |2.1 |
|after minorities| | |

end of announcement euro adhoc
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ots Originaltext: SW Umwelttechnik
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Contacts

Dr. Bernd Wolschner

Member of the Management Board

Tel: +43 (0)7259 31350

Fax: +43 (0)463 37667

Romed Lackner

Investor Relations & Marketing

Tel: +43 (0)664 8117670

Fax: +43 (0)463 37667170

E-mail: romed.lackner@sw-umwelttechnik.com

Web: www.sw-umwelttechnik.com

Branche: Technology
ISIN: AT0000808209
WKN: 910497
Index: WBI
Börsen: Börse Berlin / free trade
Börse Frankfurt / free trade
Wiener Börse AG / Regulated free trade