EANS-Adhoc: Polytec Holding AG / PRELIMINARY RESULTS 2008 OF POLYTEC GROUP

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Preliminiary results

30.03.2009

Hörsching, March 30, 2009 (VSE: PYT) - In the business year 2008,
POLYTEC GROUP for the first time generated sales of more than 1
billion Euro. Preliminary sales increased, as a result of full year
effects of, in 2007, acquired companies and the acquisition of
PEGUFORM GROUP (contributes to sales with the fourth quarter 2008),
by 62.7 % to 1,081.8 bn EUR compared to 2007. Preliminary EBITDA
increased by 12.3 % to 71.6 mill EUR. But, due to the fundamental
deterioration of the automotive market environment occurred in the
fourth quarter 2008, the EBITDA margin decreased to 6.6 % for the
full year 2008 (2007 9.6 %). EBIT decreased as a result of goodwill
amortisation by 43.0 % to 23.4 mill EUR. It is the management´s
definite objective, to emerge POLYTEC GROUP as a strong and strategic
important partner of the automotive industry from the crisis.
Therefore, and caused by the high net debt position of 346.1 mill.
EUR, a result of the acquisition of PEGUFORM GROUP, the executive
board will propose to the AGM 2008 to suspend dividend payout for
2008.

Q4 2008 Q4 2007 Change FY 2008 FY 2007 Change
Sales POLYTEC GROUP 486,6 197,2 146,8% 1.081,8 665,0 62,7%
Automotive Systems 408,2 102,4 298,7% 718,4 369,3 94,5%
Automotive Composites 54,9 72,3 -24,1% 264,7 201,3 31,5%
Car Styling 18,2 17,6 3,1% 77,9 74,7 4,2%
Others/Consolidation 5,3 4,8 10,3% 20,8 19,6 6,3%
EBITDA 24,9 21,4 16,7% 71,6 63,7 12,3%
EBITDA margin 5,1% 10,8% 6,6% 9,6%
EBITA 3,6 14,9 -75,7% 29,7 41,1 -27,7%
EBIT -2,6 14,9 -117,8% 23,4 41,0 -43,0%
EBIT margin -0,5% 7,5% 2,2% 6,2%
EBT -13,3 13,8 -196,5% 10,4 38,7 -73,2%

The short-term financing of the purchase price of PEGUFORM GROUP,
acquired in 2008, was predominantly provided by short term loans in
the amount of roughly 170 mill EUR, but also by use of available
cash. After the closing of the acquisition, POLYTEC GROUP entered
into negotiations with all involved banks to restructure the overall
financing base in consideration of matching maturities of financed
assets on the one hand, but also to secure further funds to ensure
liquidity for necessary actions due to the crisis. Also the possible
availment of public aid funds is examined in several countries.

The management counteracted the dramatic reductions in the
automotive- and commercial vehicle industry amongst others by
necessary first capacity adjustments by reduction of 2,600 employees
since September 2008. In addition to this action, on most of the
plants, short-time work has been realised in its country specific
implementation. As a consequence of the overall market estimation -
significant reduced volumes compared to previous years not only in
the short-term - a further reduction in headcount seems to be
necessary and will be realised in accordance to market development.
Furthermore, to optimise the future geographic presence of POLYTEC
GROUP after the acquisition, the closing of production sites is in
evaluation. In December 2008 the first plant was closed in Slovakia.

All figures for the financial year 2008 in this press release are
preliminary. The final financial report will be published after
approval of the financial statement.

POSTPONEMENT OF FINANCIAL REPORT 2008

The announced date of April 22, 2009 for the publication of the
financial report 2008 has to be postponed to May 29, 2009. Caused by
the adjustment, the publication dates for the first quarter 2009 as
well as the AGM were adapted.

Adapted financial calendar 2009:

Financial report 2008 May 29, 2009
Interim report 2009 May 29, 2009
AGM 2008 June 25, 2009
Half year financial report 2009 August 5, 2009
Interim report 2009 November 4, 2009

end of announcement euro adhoc
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ots Originaltext: Polytec Holding AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Manuel TAVERNE

POLYTEC GROUP

Investor Relations

Tel.+43(0)7221/701-292

manuel.taverne@polytec-group.com

Branche: Industrial Components
ISIN: AT0000A00XX9
WKN: A0CA1R
Index: ATX Prime
Börsen: Wiener Börse AG / official market