EANS-Adhoc: SW Umwelttechnik: Restructuring successful

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6-month report

25.08.2010

* A strong second quarter leads to an increase in turnover of 12 %
compared to the first half-year 2009 * A stabilised CEE economy
provides a positive outlook for the second half-year * EBITDA is back
in black in the second quarter with an increase of 23 %

SW Umwelttechnik is satisfied with the first half-year of 2010,
particularly because of our strong second quarter in which turnover
was increased by 18 % compared to the previous year. The measures we
introduced in order to minimise costs and by concentrating on
municipally financed projects have led to a significant increase of
our earnings, EBITDA were disproportionately improved by 23 % in the
second quarter.

The market in Central and Southeastern Europe is beginning to
stabilise - turnover for our important market Hungary is already 37 %
higher than in the previous year - although the price level has not
yet improved. The higher earnings thus result from optimising our
costs. We expect the price level to return to normal as of 2011.

Managing Director Bernd Wolschner has a positive outlook for the
second half- year: "We have secure orders in the water conservation
segment in Romania due to the international financial package. In
Hungary we are expecting high turnover in the second half-year,
particularly after the local elections in the autumn that should
bring an increase in public projects. Our current volume of orders in
Austria also means that we will be closing here only just below our
strong performance from the previous year."

Turnover in the first half-year 2010 amounts to EUR 30.0 m (2009: EUR
26.8 m) and has thus increased by 12 % compared to 2009. This is
mainly due to the stabilised economies in CEE. The Hungarian market
has again gained in significance and shows a 37 % increase in
turnover. Turnover in Romania is 21 % higher than in 2009. The water
conservation segment remains the biggest segment with 45 %, although
the infrastructure segment has recovered faster than expected and now
holds a share of 39 % of total turnover.

Operatively speaking, our result has been improved by EUR 1.3 m due
to the implemented cost saving measures. EBITDA for the first
half-year can thus be reported at EUR 0.6 m (2009: EUR - 0.6 m). EBIT
was improved by EUR 1.4 m and can now be disclosed at EUR -2.1 m
(2009: EUR - 3.5 m). The financial result is similar to that of the
previous year due to high volatility of the HUF and RON at balance
sheet date and amounts to EUR - 2.9 m (2009: EUR - 2.8 m). This
results in improved POA (profit or loss on ordinary activities) in
the first half-year by EUR 1.3 m to a total of now EUR - 5.0 m (2009:
EUR - 6.3 m). The operative POA, exclusing FX currency losses, is
back in black for the second quarter with EUR 0.2 m (2009: EUR - 0.5
m).

Volume of orders

The volume of orders as of 30 June 2010 amounts to EUR 33.0 m (2009:
EUR 39.3 m). According to plans 80 % of these should be finalised
this year, the other 20 % in 2011.

Summary balance sheet

Long-term assets have been subject to noticeable changes in value due
to the high volatility of the HUF and RON and have slightly increased
to EUR 75.3 m as per 30 June 2010 compared to the previous year (EUR
73.9 m). Our measures to reduce inventories had already become clear
in 2009 and were reflected in the reduced floating assets, the level
of EUR 33.2 m could be held on to even though turnover has increased.
The first half-year 2010 shows floating assets totalling EUR 34.2 m.
As a result the balance sheet total amounts to EUR 109.5 m and is at
a similar level as in the previous year (2009: EUR 107.1 m).

Considering only the "internal value" of our fixed assets (i.e.
without considering the book losses not affecting cash and the
exchange rates as per 31 December 2007), an equity capital of EUR
23.6 m and an equity ratio of 19.4 % can be calculated. The equity
capital according to IFRS excluding "internal values" is strongly
affected by changes in currency exchange rates of HUF/EUR and RON/EUR
and adds up to EUR 11.8 m (2009: EUR 12.5 m). Both the HUF and RON
have reached their all-time low of the year 2010 as per 30 June 2010,
but both have since seen stabilisation. In the mid-term a return to a
fluctuation margin of 3.9 - 4.1 RON/EUR and 250 - 270 HUF/EUR is
expected.

Liabilities are unchanged compared to the previous year and amount to
EUR 79.9 m (2009: 80.3 m), 58.1 % of which are long-term liabilities.

In line with the company liquidity law
("Unternehmensliquiditätsgesetz ULSG") we have asked the Federal
Government to assume liability and have been warranted with EUR 3.1 m
by the OeKB.

Outlook

The company´s current performance is in accordance to our issued
prognosis for the year 2010. In Hungary and Romania we have been able
to note a significant improvement in earnings particularly due to the
support of the IMF. We are expecting an increase in public orders
after the local election in Hungary. Although the harsh winter in
Austria resulted in delayed building work, we are counting on a
strong second half-year.

Profit and loss statement in EUR m

| |HY 2010 |HY 2009 |
|Turnover |30.0 |26.8 |
|EBIT |-2.1 |-3.5 |
|EBITDA | 0.6 |-0.6 |
|POA |-5.0 |-6.3 |

Balance sheet in EUR m

| |HY 2010 |HY 2009 |HY 2010 incl. |HY 2009 incl.|
| | | |internal value|internal |
| | | | |value |
|Long-term fixed | 75.3 | 73.9 | 87.1 | 90.0 |
|assets | | | | |
|Floating assets | 34.2 | 33.2 | 34.2 | 33.2 |
|Balance sheet |109.5 |107.1 |121.3 |123.2 |
|total | | | | |
|Equity | 11.8 | 12.5 | 23.6 | 28.6 |
|Debt capital | 97.7 | 94.6 | 97.7 | 94.6 |

Notice:

The half-yearly financial report 2010 can be downloaded from www.sw-
umwelttechnik.com and is available from the Group´s headquarters.

SW Umwelttechnik, a family firm founded in 1910 and listed on the Viennese
stock exchange since 1997, stands for sustainable management and consistent
growth in Eastern and South-eastern Europe. With our innovative technology to
protect the environment we provide an important contribution for the

development of necessary infrastructure in Central and South-eastern
Europe.

end of announcement euro adhoc
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ots Originaltext: SW Umwelttechnik
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Dr. Bernd Wolschner

Member of the Board

Tel.: +43 / (0) 463 / 32109 - 202

Mobil: +43 / (0) 664 / 34 13 953

Investor Relations

Tel.: +43 / (0) 463 / 32109 - 170

E-Mail: ir@sw-umwelttechnik.com

Web: www.sw-umwelttechnik.com

Branche: Technology
ISIN: AT0000808209
WKN: 910497
Index: WBI
Börsen: Berlin / free trade
Frankfurt / free trade
Wien / Regulated free trade