euro adhoc: SW Umwelttechnik Stoiser & Wolschner AG / Financial Figures/Balance Sheet / SW Umwelttechnik announces strong interim results

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6-month report

27.08.2008

* Revenue up by 24% in the first half * Outstanding order backlog of
E55.6 million (m) as of 30 June 2008 * Outlook for 2008 confirmed:
EBIT set to increase by 60% and revenue by 20%

Despite an adverse trading environment, particularly in Hungary,
Vienna listed SW Umwelttechnik AG maintained its strong performance
in the second quarter. First half figures confirm management's
forecast of a 60% rise in EBIT and a gain in revenue of around
20% for the full year. Order backlog more than doubled year
on year to stand at E55.6m on 30 June 2008, supporting upbeat
second-half earnings expectations.

Trading performance and earnings SW Umwelttechnik posted a 24%
increase in revenue to E51.3m in the first six months of 2008
(H1 2007: E41.5m). Despite difficult trading conditions,
improvements in revenue were seen across the group's core Austrian,
Hungarian and Romanian markets.

Although SW Umwelttechnik normally reports negative EBIT for the
first half due to seasonal factors, this year, for the first time
ever, the group posted a profit for the year to 30 June of E2.4m
(H1 2007: loss of E0.2m). EBITDA also improved, from E2.1m to
E5.2m. The Engineering business put in a particularly encouraging
performance, with earnings up year on year due to project
completions.

Second quarter revenue registered a 29% year-on-year increase to
E32.8m (H1 2007: E25.5m), while EBIT more than tripled from E1.1m to
E4.0m.

Net finance costs for the first half as a whole reflected the
group's recent rapid expansion and resultant large investments
abroad. Non-current assets were boosted by the strong forint, but
higher borrowings due to the investment projects and higher
interest rates combined to push up net finance costs to E0.7m
(H1 2007: net finance income of E0.6m).

Profit on ordinary activities (POA) rose sharply from E0.4m in 2007
to E1.7m in the first half of 2008. Second-quarter performance was
outstanding, with POA jumping to E5.4m from E1.8m in the
comparative period.

Order backlog Order backlog as at 30 June 2008 amounted to E55.6m -
more than double the E26.8m year-earlier figure.

Segmental performance The segmental distribution of revenue in the
first half of 2008 was as follows: Infrastructure 49.6% (H1 2007:
56.3%); Water Conservation 31.8% (H1 2007: 25.5%); and
Engineering 18.6% (H1 2007: 18.2%).

The highest revenue contribution again came from the Hungarian
market. The revenue share generated in Romania doubled to 17.4% as
anticipated, while the Austrian share held up reasonably well at
17.7%, and Slovakia accounted for 1.9% of revenue and other
markets for 2.5% of the total.

Investment In the first half of 2008 the group invested E5.9m
mainly in Hungary and Romania. The first development phase at the
Bucharest plant is now complete, as is development of the pipe works
at the South Budapest site.

Share price performance The fallout from troubled financial markets
did not leave SW Umwelttechnik's share (SWUT) untouched, and the
price ended the half-year 30% down on the close on 1 January.
Despite current bearish sentiment, the group's focus on Central
and Southeastern Europe (CSE), infrastructure and environmental
protection makes it an attractive sustainable investment.

Outlook Management's expectation of 20% revenue growth is based on
the current order backlog of E55.6m, leadership of the Hungarian
market and expanding market shares in Romania. The main reasons
for forecasting a disproportionate increase in EBIT, by some 60%,
are the positive earnings contribution from the Romanian operations
and the improved performance of the Engineering sector.

Hungary Industrial and commercial demand in Hungary is seen picking
up slightly in the second half of 2008. However, municipal
investment looks set to remain well below year earlier levels as
a result of the public expenditure cuts. A big increase in local
authority spending is expected from mid-2009 onwards, with the
Water Conservation sector the main beneficiary.

Romania Demand from the Romanian industrial and commercial sectors
is still booming, and municipal investment is set to grow
noticeably in the second half of this year - though sharp
increases are not expected before mid-2009. The second
development phase at the Bucharest works, which will create
capacity for the Water Conservation business, will begin towards
the end of this year and is scheduled for completion in the
summer of 2009. Construction of a third plant in Targu Mures in
central Transylvania is now planned for the second half of next
year.

Austria Revenue from the Austrian market rose in 2008 on the
back of product innovations, and the trading environment is
expected to remain positive in the market segments the group
serves.

CSE Management is confident that the past year's strong trading
performance in Slovakia will continue. Moves to export to Bulgaria,
Moldova and Serbia from Hungary and Romania are under way. SW
Umwelttechnik is also preparing to purchase land in these target
countries in order to build new factories.

Financial highlights

|E m |H1 2008 |H1 2007 |
|Revenue |51.3 |41.5 |
|EBIT |2.4 |-0.2 |
|EBITDA |5.2 |2.1 |
|POA |1.7 |0.4 |

|E m |Q2 2008 |Q2 2007 |
|Revenue |32.8 |25.5 |
|EBIT |4.0 |1.1 |
|EBITDA |5.6 |2.3 |
|POA |5.4 |1.8 |

Founded in 1910, SW Umweltechnik remains a family business, though it
has been listed on the Vienna Stock Exchange since 1997. The company
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.

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

Further inquiry note:

Dr. Bernd Wolschner

Member of the Management Board

Tel: +43 / (0) 7259 / 31 35-0

Mobile: +43 / (0) 664 / 34 13 953

Fax: +43 / (0) 463 / 37 667

Michaela Werbitsch

Investor Relations

Mobile: +43 / (0) 664 / 811 76 62

E-mail: michaela.werbitsch@sw-umwelttechnik.com

Website: 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