euro adhoc: CHRIST WATER TECHNOLOGY AG / Financial Figures/Balance Sheet / CHRIST results 2007 below plans - positive outlook for 2008

--------------------------------------------------------------------------------
Disclosure announcement transmitted by euro adhoc. The issuer is responsible
for the content of this announcement.
--------------------------------------------------------------------------------

Company Information

04.04.2008

• Order intake +32% to EUR 324 million
• Order backlog +25% to EUR 229 million
• Sales +33% to EUR 278 million
• EBITDA +2% to EUR 9.7 million
• EBIT -7% to EUR 6.0 million
• Net income -49% to EUR 1.7 million

"In the year 2007, CHRIST achieved record order intake, order backlog, sales and
succeeded to raise profits in most of the business units. At the same time
global expansion was continued. Group results were especially impacted by losses
and provisions in the power business, which did not allow to improve results
year-on-year. For 2008, a clear reversal of this trend as of the first quarter
can be expected," says Karl Michael Millauer, CEO of the Christ Water Technology
Group, summarizing the 2007 accounts and the outlook for 2008.

Order intake grew in all divisions reaching EUR 324.2 million (+32%,
previous year: EUR 246.0 million), a new record, including an order
for a desalination plant in the United Arab Emirates with a value of
USD 84 million for CHRIST.

Earnings before interest, depreciation and amortisation (EBITDA)
improved by 2.1% to EUR 9.7 million (previous year: EUR 9.5 million).
EBIT did not keep up with the volume growth due to extraordinary
effects in the second half-year. Growth of earnings in the divisions
Pharma & Life Science, Food & Beverage and Municipal Water Treatment
as well as in the two business units Microelectronics and Process
Water & Reuse was more than compensated by negative effects in Power
due to considerable increases in material prices and third party
costs that could not fully be passed on to customers. Additionally,
the group company KF Engineering suffered unexpected losses driving
Group EBIT down by 6.9% to EUR 6.0 million (previous year: EUR 6.4
million).

Earnings before income tax reached EUR 4.4 million, 11.6% below the
year before (EUR 4.9 million). Income taxes rose due to adjustments
of the deferred tax assets in German Group companies following the
reduction of the tax rate in 2008. The tax rate thus increased to
60.8% (previous year: 31.5%). Due to the tax adjustments, the profit
for the year declined to EUR 1.7 million and is thus -49.4% below the
previous year amount of EUR 3.4 million. The Group result without
minority interests reached EUR 2.3 million (2006: EUR 3.3 million).
Earnings per share based on the average number of issued shares of
17,937,907 amounted thus to EUR 0.13 for 2007 (previous year: EUR
0.18). The cash flow from operating activities with EUR -15.6 million
(previous year EUR -4.8 million) was negative again, on the one side
because of the increasing financing requirements for the working
capital in the growing project activities, of which some bigger
projects are still cash negative, and on the other hand through the
takeover of the financing of working capital for Zeta. The cash flow
from investment activities amounted to EUR -7.8 million (2006: EUR
-8.2 million).

Consolidated equity increased to EUR 63.8 million (previous year: EUR
43.2 million) especially through the capital increase made at the end
of 2007. The equity ratio improved to 27.7% (previous year: 25.8%).
Net debt in the CHRIST Group (including the interest bearing
financial receivables) increased from EUR 34.8 million in 2006 to EUR
42.2 million in 2007. The gearing (net debt/equity ratio) improved
from 81% to 66%.

Outlook

"Taking advantage of selective growth opportunities while improving
Group results has absolute priority. In the business unit Power and
in KF Engineering far-reaching decisions have been taken, in
organisation, in human resources and calculation, already making an
impact that will directly contribute to improve results", says Karl
Michael Millauer.

Backlog as of 31.12.2007 amounted to EUR 228.5 million including
projects with better margins and improved cash flows. General market
conditions in the key industry sectors are still very good. The large
thematic and geographical presence of the Group, the diversity of the
available technologies, resources and know-how within the Group offer
a large potential.

These positive factors face volatile raw material and financial
markets in 2008; especially the weak US-Dollar continues to affect
the competitiveness of bidders from Euroland. The integration of the
new acquisition Zeta and need for specialists and qualified employees
are further challenges. Karl Michael Millauer: "Considering the above
mentioned premises and the developments, we see mostly positive signs
for the CHRIST Group for the business year 2008 and anticipate to at
least double EBIT compared with 2007 while passing the EUR 300
million-mark in sales."

end of announcement euro adhoc
--------------------------------------------------------------------------------

ots Originaltext: CHRIST WATER TECHNOLOGY AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

CHRIST WATER TECHNOLOGY AG

Mag. Ralf Burchert

ralf.burchert@christ-water.at

Tel.: 06232/5011-1113

Branche: Biotechnology
ISIN: AT0000499157
WKN: 675399
Index: WBI, ATX Prime
Börsen: Wiener Börse AG / official market