EANS-Adhoc: Binder+Co Aktiengesellschaft / Binder+Co makes solid progress despite the global recession. First half-year sales revenues and EBIT levels virtually unchanged.

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6-month report

18.08.2009

Gleisdorf, August 18, 2009. In spite of the economic crisis,
Binder+Co AG has developed well in the year to date. However, the
considerable fluctuations in demand, which characterised the first
quarter of 2009 continued during the second quarter. Customers in the
Processing Technology Segment showed great reticence with regard to
the allocation of orders in the complete plant area, but single
machine business developed in a satisfactory manner. Demand in
Binder+Co´s other segments, Environmental and Packaging Technology,
remained stable in the first six months of 2009.

Binder+Co Borad member, Karl Grabner: "During the first half of 2009,
the recession primarily hit large-volume business in the Processing
Technology Segment, which in view of the general uncertainties
surrounding planning is clearly understandable. By contrast, we have
barely noticed the crisis in the single machine business area and
therefore, overall sales revenues and EBIT were only just below the
level of the previous year."

Sales revenues and EBIT at a virtually unchanged level As a result of
the positive order intake at the beginning of the year, during the
first half of 2009 the Binder+Co Group achieved sales revenues of EUR
30.11 million, a figure that was virtually identical to that for the
same period of 2008 (H1/2008: EUR 31.55 million). The main factor in
this regard was the scheduled clearing of system projects and single
machines business in tandem with solid spare part and service sales
in all three product segments.

During the period under review, foreign sales provided 88.8%
(H1/2008: 84.7%) of total sales revenues, which again underlined the
major significance of export business. With a 30.4% share of sales
revenues, the EU (excluding Austria) represented the largest market.
America, where a large Environmental Technology Segment project was
concluded, provided 22.4% of sales revenues, Asia including Australia
18.1%, eastern Europe (CEE and CIS) 11.9%, and Africa 6.0%.

EBIT in the first half-year of 2009 amounted to EUR 2.62 million and
was therefore only marginally lower than that registered in the first
half-year 2008 (H1/2008: EUR 2.76 million).

Order intake clearly below the record value of 2008 In the first half
of 2009, total order intake was clearly below the record figure of
2008 at EUR 24.00 million (H1/2008: EUR 52.12 million), but
nonetheless at the solid level of 2007 (H1/2007: EUR 24.73 million).
The order intakes received mean that the use of own capacity in the
third quarter of 2009 is secured.

Outlook Despite the variations in demand within its business branches
during the first half of 2009, Binder+Co assumes that as a result of
its considerable order cushion from 2008, it can maintain the good
sales revenues and result level of the previous year. However, from a
current perspective, the 2010 financial year may be weaker, for
although the economic recession has not yet affected single machine
business, it has hit large-volume systems orders, which will have a
influence on company sales development.

Binder+Co share price remains stable During the period under review,
the price of the Binder+Co share, which is listed on the mid market
of the Vienna Stock Exchange, moved within a range of EUR 9.25 to EUR
10.00. At the end of July, the price stood at EUR 9.70, which was
slightly above that at the beginning of the year (EUR 9.45).

The Binder+Co Group Binder+Co specialises in the manufacture of
machinery and plant in the areas of processing technology, recycling
and in the case of its subsidiary, Statec Binder GmbH, the packaging
of primary and secondary raw materials (coal, ores, sand, etc., as
well as used glass, waste paper and plastic waste, etc.). The Group
operates a production plant in Gleisdorf, Austria.

Binder+Co has been listed on the Vienna Stock Exchange since December
2006 and in June 2007 was one of the first companies to be admitted
to the newly created mid market segment. It has been authorised to
participate in regulated free trading since July 2007. With an
average workforce of 236, in 2008 Binder+Co had sales revenues
amounting to EUR 73.45 million and EBIT of EUR 7.20 million. The
company therefore had a solid EBIT margin of 9.8%.

end of announcement euro adhoc
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ots Originaltext: Binder+Co Aktiengesellschaft
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Karl Grabner, Member of the Board

Tel.: +43 (0) 3112/800-363

Branche: Machine Manufacturing
ISIN: AT000BINDER3
WKN:
Index: mid market
Börsen: Wien / Regulated free trade