EANS-News: Binder+Co Q1/2010 results clearly down on the previous year´s level, order backlog in line with the long-term average

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Financial Figures/Balance Sheet

Gleisdorf (euro adhoc) - May 18, 2010. In line with expectations,
Binder+Co, as a company positioned at the end of the economic cycle,
first fully felt the effects of the global crisis in 2010. Overall,
the Gleisdorf-based specialist for processing, environmental and
packaging technology closed the first quarter of 2010 with a positive
result, but both sales revenues and EBIT were markedly lower than the
figures for the preceding year.

"Even though we could not emulate the results of last year during the
first quarter of 2010, due to the positive trend in the single
machine business our order backlog corresponded with the long-term
average, which is reason for satisfaction." Karl Grabner, Member of
the Binder+Co Management Board.

Single machine business remains solid In the first quarter of 2010,
Binder+Co achieved total sales revenues of EUR 12.06 million. This
corresponds with a decline of 21% as compared to the preceding year
and a return to the level of the 2007 financial year (Q1/2007: EUR
11.61 million), and thus in line with the long-term average. As a
consequence, EBIT was also EUR 0.87 million below the figure for
2009, but nevertheless remained clearly positive at EUR 0.31 million.
In view of the fact that the first quarter of the year is
traditionally the weakest in the branch, this can be seen as a
positive achievement. While the satisfactory single machine sales
trend was maintained, system and plant business stagnation continued
unabated, with the exception of individual projects in the
Environmental Technology Segment, during the first three months of
2010.

Segment development In the first quarter of 2010, the Processing
Technology Segment attained sales revenues of EUR 6.18 million
(Q1/2009: EUR 7.97 million) and thus provided the largest share of
total sales revenues (51%). The Segment´s EBIT contribution amounted
to EUR 0.13 million (Q1/2009: EUR 0.47 million). Moreover, even
though order intake improved slightly over the comparable value for
2009 to EUR 4.19 million (Q1/2009: EUR 3.85 million), there was no
sign of a sustained improvement in the general situation.

Environmental Technology Segment sales revenues were clearly lower
than in the preceding year at EUR 3.68 million (Q1/2009: EUR 5.81
million). EBIT amounted to EUR 0.08 million and was therefore just
positive (Q1/2009: EUR 0.73 million). Order intake amounted to EUR
5.93 million (Q1/2009: EUR 8.47 million).

During the first quarter of 2010, the Packaging Technology Segment
was able to raise its sales revenues to EUR 2.20 million (Q1/2009:
EUR 1.45 million) and as opposed to the first quarter of 2009,
achieve positive EBIT of EUR 0.10 million (Q1/2009: minus EUR 0.02
million). Nonetheless, at EUR 1.57 million order intake was down on
the EUR 3.71 million of last year.

Order situation remains tense The positive trend in single machine
business was mainly responsible for the order backlog at the end of
March 2010. At EUR 17.57 million this stood at the solid level of
2007 and was thus in line with the long-term average. However, owing
to the fact that from a current perspective a significant upturn in
large volume system and plant order demand cannot be expected in the
coming months, the Binder+Co management does not anticipate any
special growth impulses from its branch markets up to the end of
2010.

The Binder+Co share price remains stable During the first quarter of
2010, the price of the Binder+Co share, which is listed on the mid
market of the Vienna Stock Exchange, remained very stable. Having
started 2010 at a level of EUR 11.10, by March 31 the share price had
risen to EUR 11.80.

The Binder+Co Group Binder+Co AG is a specialist in the field of
processing, environmental and packaging technology and the world
market leader in the screening and glass recycling segments. The
company was listed on the Vienna Stock Exchange at the end of 2006
and is now part of the third market in the mid market segment. In
2009, Binder+Co was awarded the Austrian National Innovation Prize
for its development of the world´s first industrially mature system
for the sorting of heat-resistant, special glass from cullet
fragments.

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

Further inquiry note:

Inquiries

Karl Grabner, Member of the Management Board

Tel.: 03112/800-363

Branche: Machine Manufacturing
ISIN: AT000BINDER3
WKN:
Index: mid market
Börsen: Wien / Third Market