EANS-Adhoc: Polytec Holding AG / Results for the first half 2009

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6-month report

05.08.2009

Hörsching, August 5, 2009 (VSE: PYT) - Significant impact of the
negative economic environment impacted also the results of the second
quarter of POLYTEC GROUP. Thus the worldwide slump within the
automotive industry lead to a decrease in sales as well as in
earnings figures of the Group.

POLYTEC GROUP´s sales were further impacted by a negative market
environment in Q2 09, although they showed a slightly positive trend
compared to Q1 09 due to our customers´ increased number of
production days during the period under review. Group sales dropped
by 29.5% to EUR 291.2 million in the first half of 2009 compared to
the same period of the previous year. PEGUFORM GROUP´s sales figures
were not included due to the planned divestment of this business
segment. Due to the adoption of counter-measures in Q1 09, which
enabled the alignment of costs to the predominant sales development,
the group´s earnings situation was slightly improved during Q2 09,
with EBITDA amounting to EUR -0.4 million. Cost-cutting measures
encompassed the introduction of short-time working schedules, the
discontinuation of fixed-term employment contracts as well as the
reduction of non-essential capital expenditures. Earnings before
interest and taxes (EBIT) amounted to EUR -21.6 million in Q2 09. The
net result during the reporting period of the PEGUFORM GROUP, which
is categorized as "held for disposal" pursuant to IFRS 5, is included
in the net result of the reporting period with a total value of EUR
-50.5 million. Net result during the reporting period also
encompasses the retirement of fixed assets from the current business
for a total amount of EUR -25.5 million as well as the impairment of
the PEGUFORM GROUP´s fixed assets for the anticipated disposal gain
of EUR ~ 25.0 million. Therefore, net loss during the reporting
period amounted to EUR -74.6 million. Excluding the PEGUFORM GROUP´s
contribution to the net result, which is comparable with the net
profit of the previous reporting period after minority interests, the
net loss totalled EUR -24.1 million Outlook 2009 As announced in the
full-year 2008 and Q1 09 financial reports, group sales in 2009 are
not expected to exceed EUR 600 million. For the passenger car segment
a slight improvement of the situation is anticipated, as demonstrated
by the call-off order figures of POLYTEC´s customers, whereas no
short-term recovery for the HGV segment can be expected at present.
Based on the anticipated sales figures, the group will certainly not
be able to prevent a negative EBIT in 2009, as announced in the
previous interim reports. The ultimate decline in the operating
business will mainly depend on the company´s ability to compensate
for drops in results especially within the HGV segment with
contributions from the customers.

The half year financial report is available for download on
www.polytec-group.com .

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: Wien / official market