Thielert Continues Growth with Record Quarter

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Hamburg (euro adhoc) - - Q3 EBIT increases by 61 percent to EUR 13
million - Net profit more than tripled from EUR 2.6 million to 8
million - Sales double to EUR 47.5 million compared to the same
period in 2005 - "We will achieve our sales increase target of 80
percent for 2006," confirms Frank Thielert, Chairman of the Board of
Thielert AG

Hamburg - In its report for the first 9 months of 2006, Hamburg-based
Thielert reveals further substantial sales and profit increases.
Compared to the same period last year, the the aircraft engine
manufacturer's EBIT amounted to EUR 13 million, approximately 61 per
cent more than in 2005 (EUR 8.1 million). In the third quarter alone,
the EBIT result stood at EUR 5.9 million, an increase of 84 per cent
over the prior-year value (EUR 3.2 million). The dramatic growth was
mainly accounted for by the Aircraft Engines segment, whose EBIT
shows a plus of 71 percent.

Group sales, too, almost doubled to EUR 47.5 million, mainly owing to
the Technology & Prototyping segment, which boosted its sales by 155
percent to EUR 25.4 million (from EUR 10 million). This is due to the
sales of Superior Air Parts, Inc. (SAP), which must be taken into
consideration starting from the second quarter of 2006. The Aircraft
Engines segment achieved a sales increase of 59 percent, growing to
EUR 22.1 million (from EUR 13.9 million).

EBT went up by 145 percent to EUR 12 million (from EUR 4.9 million).
After tax, the Thielert Group's income amounted to EUR 8 million, an
increase of 208 percent over the same period last year (EUR 2.6
million).

During the first 9 months of the fiscal year, the group's workforce
averaged 315 (270 in Germany, 45 in the USA). This figure includes 18
apprentices.

Key Financials of Thielert AG Pursuant to IFRS

Sales (1/1-30/9/2006): 47.5 in million EUR
Sales (1/1-30/9/2005): 23.9 in million EUR
Sales Change: 99%

Gross profit on sales (1/1-30/9/2006): 30.0 in million EUR
Gross profit on sales (1/1-30/9/2005): 14.9 in million EUR
Gross profit on sales Change: 101%

EBITDA (1/1-30/9/2006): 15.8 in million EUR
EBITDA (1/1-30/9/2005): 10.0 in million EUR
EBITDA Change: 58%

EBIT (1/1-30/9/2006): 13.0 in million EUR
EBIT (1/1-30/9/2005): 8.1 in million EUR
EBIT Change: 61%

EBT (1/1-30/9/2006): 12.0 in million EUR
EBT (1/1-30/9/2005): 4.9 in million EUR
EBT Change: 145%

Group income (1/1-30/9/2006): 8.0 in million EUR
Group income (1/1-30/9/2005): 2.6 in million EUR
Group income Change: 208%

Aircraft Engines Segment

Sales (1/1-30/9/2006): 22.1 in million EUR
Sales (1/1-30/9/2005): 13.9 in million EUR
Sales Change: 59%

Gross profit on sales (1/1-30/9/2006): 14.3 in million EUR
Gross profit on sales (1/1-30/9/2005): 8.3 in million EUR
Gross profit on sales Change: 72%

EBITDA (1/1-30/9/2006): 9.2 in million EUR
EBITDA (1/1-30/9/2005): 5.8 in million EUR
EBITDA Change: 59%

EBIT (1/1-30/9/2006): 8.0 in million EUR
EBIT (1/1-30/9/2005): 4.7 in million EUR
EBIT Change: 71%

Technology & Prototyping Segment

Sales (1/1-30/9/2006): 25.4 in million EUR
Sales (1/1-30/9/2005): 10.0 in million EUR
Sales Change: 155%

Gross profit on sales (1/1-30/9/2006): 15.7 in million EUR
Gross profit on sales (1/1-30/9/2005): 6.5 in million EUR
Gross profit on sales Change: 140%

EBITDA (1/1-30/9/2006): 6.6 in million EUR
EBITDA (1/1-30/9/2005): 4.2 in million EUR
EBITDA Change: 56%

EBIT (1/1-30/9/2006): 5.0 in million EUR
EBIT (1/1-30/9/2005): 3.4 in million EUR
EBIT Change: 47%

Outlook: Engine Development, New Production Plant, and Defense
Technology Segment Target Further Growth The new plant in Altenburg,
Thuringia, will shortly be commissioned. From mid-December, 35 new
employees will be busy installing retrofit kits at this plant. The
company also anticipates considerable order volume in the defense
technology field.

end of announcement euro adhoc 13.11.2006 09:01:14
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ots Originaltext: Thielert AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
Sebastian Wentzler
Head of Corporate Communications
Telefon: +49(0)40/696950-35
E-Mail: press@thielert.com

Branche: Market research
ISIN: DE0006052079
WKN: 605207
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