EANS-News: Hoeft & Wessel AG boosts sales revenues in the second quarter of 2010

Order books well filled

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quarterly report

Subtitle: Order books well filled

Hanover/Germany, 05/08/2010. (euro adhoc) - High operating cash flow

During the second quarter of 2010, the Hoeft & Wessel Group generated
EUR 23.2 million in sales revenues. Compared with the same period of
the previous year, this represents a slight increase of 2.5 per cent
(2009 Q2: EUR 22.6 million), and a marked increase by 46 per cent
over the first quarter of this year (2010 Q1: EUR 15.9 million). This
confirms the upward trend in business anticipated by the Hoeft &
Wessel AG for 2010, with sales revenues increasing sequentially from
quarter to quarter. For 2010 as a whole, the German IT and
engineering Group for ticketing, parking and mobile solutions
forecasts a slight increase in both sales revenues and earnings.

The sales revenues of EUR 39.1 million for the first half of 2010
were still down by 17 per cent compared with the previous year
(30/06/2009: EUR 47.1 million); it must be noted that exceptionally
high sales revenues were recorded at the beginning of 2009.

The business activities of the Hoeft & Wessel Group during the first
half of the year 2010 were characterised by the start of delivery of
ticket vending machines to S-Bahn Berlin, the completion of the
installation of 1,000 parking terminals in the U.S. city of
Philadelphia, and the delivery of mobile terminals to Netto
Marken-Discount, Rewe and Lekkerland.

Operating result (EBIT) for the first six months of the year 2010
turned out negative at EUR -0.9 million (2009: EUR 1.6 million).
Temporary currency effects in the amount of EUR 1.1 million, largely
resulting from hedging transactions, had a negative impact on the
half-year result. Handling of the hedged foreign orders results in
contrary effects; as a result the transactions are thus executed at
the hedged rates.

Operating cash flow of EUR 3.8 million for the first half of 2010
represents a significant increase (previous year: EUR -1.6 million).

Order intakes continued to be very positive in the second quarter. In
the first six months, orders with a total volume of EUR 48.1 million
were added to the books. This is an increase of 9 per cent
year-on-year (30/06/2009: EUR 44.0 million). Orders received included
those for e-ticketing systems in Germany and Spain, for parking
machines on the Isle of Wight in the UK, and for a new mobile
terminal in PDA form.

The order portfolio grew to EUR 83.4 million as at 30/06/2010
(31/12/2009: EUR 74.4 million).

"Our order books are well filled, and we plan to continue our
expansion on the international markets," said Hansjoachim Oehmen, CEO
of the Hoeft & Wessel Group, reviewing the positive business trend.

Key Financials Hoeft & Wessel Group

in EUR thousands 30/06/10 30/06/09 30/06/08 30/06/07
30/06/06 ------------------------------------------------------------
------------------

Sales revenues 39,124 47,104 42,502 42,536 38,795
EBITDA 1,589 3,833 3,216 2,653 2,471
Operating result (EBIT) (863) 1,569 941 312 89
in % of sales revenues - 3.3 2.2 0.7 0.2
Earnings before taxes (EBT)(1,315) 1,108 231 (347) (222)
in % of sales revenues - 2.4 0.6 - -
Group earnings (1,544) 741 174 (511) (90)
Earnings per share (in EUR) (0.18) 0.09 0.02 (0.06) (0.06)

Cash flow from current
operat. activities 3,824 (1,578) (2,353) (542) 4,094
Cash flow from Investment
activities (2,268) (2,083) (2,567) (2,330) (2,719)
Net cash flow (1,347) (278) (633) (2,083) (201)

Average number of employees 499 499 502 502 502

Half-Year Report 2010 and further Reports: http://www.hoeft-
wessel.com/de/aktie/index.htm

Press kit with photos: 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:

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