euro adhoc: HTI - High Tech Industries AG / Financial Figures/Balance Sheet / HTI: RESTRUCTURING PACKAGE AS A TAILORED RESPONSE TO MARKET CONDITIONS TO CUSHION EARNINGS

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28.11.2008

HTI: RESTRUCTURING PACKAGE AS A TAILORED RESPONSE TO MARKET
CONDITIONS TO CUSHION EARNINGS

St. Marien, Austria, November 28, 2008. The HTI Group is implementing
a comprehensive restructuring package designed as a response to the
massive changes in prevailing market conditions and the unfavorable
effects on earnings, as well as to strengthen the company´s
competitiveness. The redimensioning drive encompasses the relocation
of production to improve the cost structure and the exploitation of
synergies among the various production subsidiaries. The specific
restructuring measures which are in their final stage of completion
will directly impact the production locations of the HTI Group
operating in the automotive component supplier and plastics
processing industries, entailing a reduction of the work force by 470
employees in Germany, Austria and Slovakia.

The sales market for automotive products has shrunk considerably in
recent weeks as a consequence of the global financial crisis, a
development which has had a negative impact on the Plastics
Processing and Metals Processing segments of the HTI Group. The
difficult business conditions at present have confirmed the
effectiveness of HTI´s business model, which succeeded in reducing
the share of automotive industry related sales to 45% of total HTI
Group sales in the first three quarters of 2008, down from 80% in the
comparable period of the previous year.

In the first nine months of the 2008 business year, the HTI Group
generated total sales of TEUR 156,025, up from TEUR 113,551 in Q1-3
2007. Due to the acquisition-related extension of the scope of
consolidation encompassing the new subsidiaries HTP Skinline,
Theysohn, Technoplast and Hitzinger, a comparison with the previous
year´s figures only has limited validity. The business development of
the Mechanical Engineering segment was positive, whereas the
operations of the Plastics Processing and the Metals Processing
segments for the automobile component supplier industry developed
unfavorably as a result of the necessary capacity adjustment
measures. In the third quarter of 2008, total sales of the HTI Group
climbed 45.2% year-on-year to TEUR 56,247, up from TEUR 38,746.

EBITDA declined to TEUR 8,240 in the first three quarters of 2008,
down from TEUR 12,119 in the comparable period of 2007. Earnings
before interest and tax (EBIT) of the HTI Group also decreased to
TEUR - 1,096 from TEUR 4,980 in the first nine months of the
preceding year, which represents an EBIT margin of -0.7% (Q1-3 2007:
4.4%). Consolidated earnings before tax (EBT) amounted to TEUR -6,199
in the period January-September 2008 (Q1-3 2007: TEUR 2,174). The
earnings deterioration is primarily related to one-off costs for the
implementation of the restructuring measures.

The expansion of the HTI Group is also reflected in the financial
result, which totaled TEUR -5,103 as a consequence of financing
acquisitions, compared to TEUR -2,805 in the previous year. The
consolidated net profit for the period also developed unfavorably in
the first nine months of 2008, amounting to TEUR -13,324 (Q1-3 2007:
TEUR 2,243), or an earnings per share of EUR -0.91 (Q1-3 2007: EUR
0.17).

In the light of the difficult market conditions, an improvement in
earnings is not to be expected in the fourth quarter of 2008,
especially as the implementation of the restructuring package will
first be completed by the end of 2008. Total sales of the HTI Group
will remain at a level of EUR 200 million, as originally forecast.

Based on the full-year consolidation of the acquired subsidiaries,
total sales in 2009 are expected to reach a level of about EUR 250
million, a forecast which takes the changed sales situation in 2009
into account. Completion of the restructuring program will
significantly strengthen the competitiveness of the HTI Group.
Accordingly, based on current market forecasts, we anticipate an
improved earnings situation for 2009 compared to 2008. Financing is
secured until the end of 2009, as core shareholders and financing
partners continue to support HTI´s business model.

Key HTI Group figures (IFRS) 1.1.-30.9.2008 1.1.-30.9.2007
Total sales TEUR 156,025 113,551
Plastics Processing TEUR 56,120 56,295
Metals Processing TEUR 47,883 44,644
Mechanical Engineering TEUR 52,378 12,612
EBITDA TEUR 8,240 12,119
EBIT TEUR -1,096 4,980
EBT TEUR -6,199 2,174
Consolidated net profit
for the period TEUR -13,324 2,243
EBITDA margin % 5.3 10.7
EBIT margin % -0.7 4.4
EBT margin % -4.0 1.9
Consolidated earnings margin % -8.5 2.0
Earnings per share EUR -0.91 0.17

Total assets TEUR 306,704 195,398
Equityl TEUR 39,565 42,957
Equity ratio % 13 22
Gearing % 361 134
Capital expenditure TEUR 17,467 11,631
Depreciation and amortization TEUR 9,336 7,139
Gross cash flow TEUR -8,705 9,651
Net cash flow from
operating activities TEUR -13,869 7,089

Average number of employees Number 1,647 1,088
Sales/employee TEUR 95 104

end of announcement euro adhoc
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ots Originaltext: HTP High Tech Plastics AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

HTI High Tech Industries AG HTI High Tech Industries AG

Peter Glatzmeier Nadja Goyer

Chairman of the Management Board Investor Relations

Tel: +43 (0) 3862 304 - 8590 Tel: +43 (0) 3862 304 - 8562

Fax: +43 (0) 3862 304 - 7598 Fax: +43 (0) 3862 304 - 7598

p.glatzmeier@hti-ag.at n.goyer@hti-ag.at

Branche: Holding companies
ISIN: AT0000764626
WKN: A0DQ9W
Index: WBI
Börsen: Wiener Börse AG / official market