euro adhoc: CHRIST WATER TECHNOLOGY AG / Financial Figures/Balance Sheet / Christ Water Technology achieves the turnaround in 2005

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09.03.2006

In 2005, the CHRIST Group achieved record incoming orders, thus
creating an excellent basis for sustained positive business
development. At EUR241.7 million, incoming orders were 25.8% higher
than in the previous year (EUR192.0 million). As of December 31,
2005, the order book of the Group amounted EUR146.5 million, two
thirds more than at the end of the previous year (EUR87.8 million).
In some areas, order processing stretches beyond 2006, providing
additional security for mid-term capacity utilization.

In the 2005 financial year, the CHRIST Group generated consolidated
Group sales of EUR183.0 million (PY: EUR178.4 million). In an
analysis of the 2.6% increase, it should be mentioned that, by
contrast to the 2004, no major projects were processed in 2005.

The individual business segments produced varying results:

Segment (not incl. internal sales) 2005 2004 +/- %
Pharma & Life Science (PhLS) 46.8 31.0 +51.0%
Ultrapure Water (UPW) 71.1 96.9 -26.6%
Food & Beverage (F&B) 22.7 26.1 -13.0%
Municipal Water Treatment (MWT) 42.4 24.4 +73.8%
Total Group sales 183.0 178.4 +2.6%
Development of earnings

EBIT developed in the different segments as follows:

Segment 2005 2004 +/- %
Pharma & Life Science (PhLS) 1.7 0.9 +82.8%
Ultrapure Water (UPW) 1.1 -6.5 X
Food & Beverage (F&B) -1.0 0.7 X
Municipal Water Treatment (MWT) 2.2 1.6 +35.8%
Total Group EBIT 4.0 -3.2 X

With the exception of the Food & Beverage segment, all segments
contributed to the clear improvement in earnings. The greatest impact
came from the Ultrapure Water segment which posted EBIT of EUR-6.5
million in 2004 and EUR+1.1 million in the 2005 reporting year. 2004
included negative effects from old projects which were accepted below
production costs. In 2005, these effects were much smaller. The
Pharma & Life Science segment benefited from the improved capacity
utilization as a result of increased operational output. As in the
past, the Municipal Water Treatment segment made an above-average
contribution of EUR2.2 million to the Group’s success and once again
exceeded the previous year’s earnings (EUR1.6 million) by 35.8%. The
earnings performance in the Food & Beverage segment was
disappointing. Here, as a result of the lack of major orders in the
food industry, which had been processed during the past three years,
the decreased volume of incoming orders was not enough to cover fixed
costs, making operating adjustment measures necessary. As a result of
these adjusting expenses, EBIT decreased to EUR-1.0 million (PY:
EUR+0.7 million).

Group earnings after minority interests were EUR2.9 million after a
loss of EUR4.1 million in the previous year. Consequently, earnings
per share in 2005 amounted to EUR0.16 per share, against EUR-0.46 in
2004.

Significant reduction of net debt

As a result of positive cash flow, the CHRIST Group reduced its net
debt to EUR20.4 million at year-end 2005. Consequently, gearing (net
debt in relation to equity) improved from 92.9% to 49.5%. There was
only a slight change in the Group’s total assets year-on-year, which
totaled EUR144.4 million. As of December 31, 2005, the Group equity
totaled EUR41.2 million, i.e. an equity ratio of 28.5% against 27.6%
in 2004.

Outlook

Following the spin-off of CHRIST WATER TECHNOLOGY AG from BWT
Aktiengesellschaft, the CHRIST Group is focusing on further
developing the Group in the area of industrial and municipal water
treatment. Important strategic goals of the CHRIST management are to
expand the internationalization of business activities, particularly
in the fast-growing Asian and Eastern European markets as well as to
extend customer service.

On the basis of full order books and the CHRIST Group’s leading
technological role in the growing market for water treatment, we are
expecting to see considerable increases in both sales and Group
earnings in the 2006 financial year. The long-term security of the
Group financing and further optimization of the cash flow are also
central focuses of attention at CHRIST.

end of announcement euro adhoc 09.03.2006 07:15:00
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ots Originaltext: CHRIST WATER TECHNOLOGY AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
Christ Water Technology AG, A-5310 Mondsee, Walter-Simmer-Str. 4

DDr. Karl Michael Millauer, CEO, Tel. +41 61 755 85 37
Mag. Ralf Burchert, CEFA, Investor Relations & Corporate Communications
Tel. +43 (0)6232 5011 1113, Fax +43 (0)6232 5011 1109,
E-mail: ralf.burchert@christ-water.com

Branche: Biotechnology
ISIN: AT0000499157
WKN: 675399
Index: WBI, ATX Prime
Börsen: Wiener Börse AG / official market