EANS-Adhoc: A-TEC Industries AG / Financial Report First Half of 2009

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6-month report

17.08.2009

Highlights - Order backlog still high at EUR 2.7 billion (bn) as of
30 June 2009 (30 June 2008: EUR 2.6bn) despite sharp decline in order
intake; Plant Construction Division impacted by project postponements
due to customers´ difficulties in obtaining finance as a result of
the economic and financial crisis. - Revenue down by 9.7% to EUR
1,462.7 million (m) — within the targeted range — due to lower copper
prices and the economic crisis. - Earnings before interest, tax,
depreciation and amortization (EBITDA) up by 4.2% to EUR 94.4m (H1
2008: EUR 90.6m), driven by satisfactory divisional operating
results, despite the severe economic crisis. Depreciation and
amortisation expense virtually unchanged, leading to a 5.3%
year-on-year growth in earnings before interest and tax (EBIT) to EUR
69.8m; EBIT margin up from 4.1% to 4.8%. - Net finance costs up to
EUR 26.9m (H1 2008: EUR 3.3m), reflecting last year´s one-off gains
on disposal of interests in copper companies Cumerio SA and
Norddeutsche Affinerie AG. Earnings before tax (EBT) 31.9% lower at
EUR 42.9m (H1 2008: EUR 63.0m). - Consolidated profit for the period
down by 51.1% to EUR 22.6m (H1 2008: EUR 46.2m) due to the increased
tax burden in the Drive Technology Division and the DST Group. - Cash
flow from operating activities positive by EUR 34.5m in first half
(H1 2008: EUR -124.6m) due to profit for the period and working
capital optimisation. - Net debt up from EUR 288.1m at year end 2008
to EUR 292.9m at 30 June 2009. Net gearing 85.5% (31 Dec. 2008:
92.5%; 30 June 2008: 72.8%). - Management outlook for 2009 sees
revenue unchanged at about EUR 3bn, EBIT margin around 3%.

Group Highlights (unaudited) Q2 Q2 % H1 H1 %
A-TEC Group (EUR m) 2009 2008* change 2009 2008* change

Revenue 771.1 850.1 -9.3 1,462.7 1,620.5 -9.7
EBITDA 43.7 40.5 7.9 94.4 90.6 4.2
EBIT 31.1 28.0 11.1 69.8 66.3 5.3
EBIT margin 4.0% 3.3% 4.8% 4.1%
EBT 21.1 29.7 -29.0 42.9 63.0 -31.9
Profit for the period 8.3 21.6 -61.6 22.6 46.2 -51.1

Order intake 302.5 812.2 -62.8 729.1 1,548.0 -52.9
Order backlog (as at 30 June) 2,710.2 2,586.9 4.8

Average Capital Employed 910.8 1,199.2 -24.0 921.4 1,227.5 -24.9
Return on Capital Employed 3.4% 2.2% 7.6% 5.5%
(ROCE**)

Investment*** 15.4 14.4 6.9 30.7 36,8 -16.6
Employees**** (as at 30 June) 12,206 13,910 -12.3

30. June 2009 31. December 2008 % change
Net debt 292.9 288.1 1.7

Outlook for 2009 The outlook for the world economy in 2009 is still
subject to major uncertainties. The IMF is forecasting a 1.4%
contraction in global economic activity in 2009 as a whole, and the
European Commission puts negative growth in the eurozone at 4.0%.

In the light of these trading conditions and expectations for the
various divisions, the A-TEC Group is looking for revenue of around
EUR 3bn for the 2009 financial year. The EBIT margin should be about
3%. If the financial and economic crisis deepens in 2009 and persists
into 2010, in all probability additional restructuring will be
necessary, and the resultant expenses will affect earnings.

Order backlog in the Plant Construction Division should underpin good
capacity utilisation far into 2010. However industrial investment
confidence is expected to remain weak in the second half of 2009. We
are aiming for further revenue growth, but order intake will be well
below last year´s level.

The Drive Technology Division anticipates an extremely harsh trading
environment for the rest of this year. For the Industrial Motors
business unit 2009 is set to be another year of plunging demand for
industrial motors, and drives for domestic and garden appliances.
Management anticipates a fall in overall divisional revenue and a
break-even EBIT performance.

In the Machine Tools Division, management sees the adverse market
situation leading to significant declines in order intake in the EMCO
Group, and in turn to lower revenue. However Dörries Scharmann
Technologie (DST) has so far been virtually untouched by the fallout
from the recession, and management expects 2009 to be another
successful year for the group.

The management of the Minerals & Metals Division anticipates wide
swings in copper prices in the second half of 2009, in a range of USD
5,500-7,000/t. It expects this scenario to be accompanied by dollar
exchange rate volatility. The division´s sales are likely to recover
in the second half of 2009, but revenue for the year is seen running
below 2008 levels.

For more details please read our Financial Report First Half 2009 on
our website under www.a-tecindustries.com

end of announcement euro adhoc
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ots Originaltext: A-TEC Industries AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Contact Investor Relations:

Gerald Wechselauer

Phone: +43 1 22760 - 130

Email: ir@a-tecindustries.com

Press Office A-TEC Industries AG

Claudia Müller-Stralz

Pleon Publico Public Relations & Lobbying

Phone: +43-1-71786-107

E-Mail: claudia.mueller@pleon-publico.at

Branche: Holding companies
ISIN: AT00000ATEC9
WKN:
Index: ATX Prime
Börsen: Wien / Regulated free trade