EANS-News: Höft & Wessel AG affirms positive forecast for 2010

First quarter weaker year-on-year, as expected

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quarterly report

Subtitle: First quarter weaker year-on-year, as expected

Hanover/Germany, 6 May 2010. (euro adhoc) - Gratifying volume of new
orders in hand

The Hoeft & Wessel Group affirms its positive forecast despite the
expected weak first-quarter performance. The IT hardware and software
specialist for ticketing, parking facilities and mobile solutions
anticipates a slight increase both in sales revenues and in its
operating result for the year 2010.

In the first quarter, the Company generated sales revenues of EUR
15.9 million. In the same period a year earlier, due to temporary
special effect the Company's sales revenues had turned out
exceptionally high at EUR 24.5 million.

The operating result (EBIT) turned out negative, with -EUR 1.6
million being recorded as at 31 March 2010 (2009: EUR 0.2 million).
In contrast, the operational cash flow, at EUR 498,000 in the first
quarter of 2010, was substantially boosted (previous year: -EUR
2,597,000).

"As a rule, sales revenues of Hoeft & Wessel AG also tend to increase
from quarter to quarter. We also expect that to be the case this
year. In the case of ticket vending and car park terminals, we can
already determine a substantial share of our sales revenues on the
basis of the orders contracted. As far as mobile terminals are
concerned, we currently see increasing demand," says Hansjoachim
Oehmen, CEO of the Hoeft & Wessel Group, in commenting on anticipated
business trends in the year 2010.

The order intake continued to see a gratifying development in the
first quarter. In the first three months, new orders with a total
volume of EUR 25.3 million were acquired. As a result, the newly
signed contracts even almost matched the previous year´s volume of
EUR 26.2 million, to which a large-scale order for car park terminals
placed by the U.S. city of Philadelphia had made a key contribution.
The order portfolio as at 31 March 2010 came to EUR 83.8 million
(31/12/2009: EUR 74.4 million). At the Annual General Meeting of
Hoeft & Wessel AG scheduled for 17 June 2010, the shareholders will
be asked to vote on the payment of a dividend for the very first
time.

Key figures for the Hoeft & Wessel Group

In EUR thousands 31.03.2010 31.03.2009 31.03.2008 31.03.2007
31.03.2006 ----------------------------------------------------------
------------------- Sales revenues 15,901 24,466
16,283 17,956 15,024

Operating result before
depreciation and

amortisation (EBITDA) (385) 1,366 160 15 (321)

Operating result (EBIT) (1,604) 220 (974) (1,110) (1,499)

in % of sales revenues - 0.9 - - -

Earnings before taxes
(EBT) (1,814) 8 (1,309) (1,422) (1,630)

in % of sales revenues - 0.1 - - -

Group earnings (2,002) (208) (1,476) (1,521) (1,537)

Earnings per share
(in EUR) (0.24) (0.02) (0.17) (0.18) (0.18)

Cash flow from current

operating activities 498 (2,597) (4,832) (2,092) 4,521

Cash flow from
investment activities (978) (1,287) (1,344) (1,262) (1,393)

Net cash flow (77) 86 (999) (2,149) (193)

Average number of employees 495 494 506 500 489

Quarterly Report 2010 and further reports: http://www.hoeft-
wessel.com/en/ir/ir.htm

Photos within the press kit:
http://www.presseportal.de/pm/12945/hoeft_wessel_ag/

end of announcement euro adhoc
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ots Originaltext: Höft & Wessel AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Dr. Arnd Fritzemeier

Tel.: +49-511-6102-300

E-Mail: af@hoeft-wessel.com

Branche: Technology
ISIN: DE0006011000
WKN: 601100
Index: TecDAX, Prime All Share, Technology All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
Hannover / free trade
München / free trade