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euro adhoc: HTI - High Tech Industries AG / quarterly or semiannual financial statement / FIRST HALF-YEAR 2007: HTI WITH CLEARLY IMPROVED EARNINGS FIGURES - EBIT MORE THAN QUADRUPLED

Geschrieben am 08-08-2007


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Disclosure announcement transmitted by euro adhoc. The issuer is responsible
for the content of this announcement.
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6-month report

08.08.2007

FIRST HALF-YEAR 2007: HTI WITH CLEARLY IMPROVED EARNINGS FIGURES -
EBIT MORE THAN QUADRUPLED

Sales almost doubled - EBITDA: TEUR 8,419 (+ 80%) - EBIT: TEUR 3,247
(+ 317%) - EBT and consolidated result clearly positive - Higher
profitability and productivity since strategic reorientation -
Outlook on entire year remains positive

The HTI High Tech Industries AG, listed on the Vienna Prime Market
looks back on a very successful first half-year of 2007. "As already
in the first three months, earnings figures significantly increased -
in both, the second quarter as well as for the entire half-year",
summarises HTI Management Board Member Peter Glatzmeier. Compared to
the previous year´s period (first half-year 2006: TEUR 38,432), sales
almost doubled to TEUR 74,805 and on June 30, 2007 already nearly
reached the prior year´s overall level. The EBITDA increased by 80%
to TEUR 8,419 (TEUR 4.683). The EBIT rose from TEUR 779 in the first
half-year of 2006 to TEUR 3,247 in the period under review and thus
more than quadrupled; the operating income (EBT) of TEUR 1,730 (first
half-year of 2006: TEUR -409) now turned clearly positive. Likewise,
the consolidated result turned from TEUR -740 in the first half-year
of 2006 to TEUR 1,647. This increase in profitability is mainly
resulting from the strategic reorientation of the company and the
strengthened earnings performance of the plastics segment after the
successful restructuring. With the corporate integration of the newly
acquired companies Gruber & Kaja Druckguss- und Metallwarenfabrik
GmbH into the newly established segment "metal" as well as the BBG
Baugeräte GmbH in the segment "mechanical engineering", the HTI High
Tech Industries´ field of industrial activities became significantly
wider. The new and profitable segments perform according to plan and
with TEUR 28,887 (metal) and TEUR 7,576 (mechanical engineering)
generate nearly half of consolidated sales. The plastics segment
accounts for slightly more than 51% of sales (TEUR 38,343). For the
first time since the end of 2005, in the first half-year of 2007, HTI
achieved a clearly positive consolidated result margin of +2.2%
(first half-year of 2006: -1.9%). The positive effects of the new
business model likewise show in the other earnings margins. The
EBIT-margin more than doubled from 2.0% in the first half-year of
2006 to 4.3% in the first half-year of 2007; the EBT-margin turned
from -1.1% to 2.3%. During the second quarter, all above mentioned
margins improved in comparison with the first quarter. This reflects
the successful integration of the new companies in the Group and
shall continue during the entire year.

The development of the core segment plastics still remains positive.
The new building of the production plant in Slovakia is near
completion and besides the ongoing production site optimisation,
first new orders are already contracted. The process optimisation of
the two previous years reflects in a considerable increase in the
segment´s EBIT, which improved from TEUR 779 to TEUR 1,083.

Peter Glatzmeier, member of the HTI Management Board is satisfied:
"We are pleased that all expected and intended positive effects of
this strategy change show up already in the figures and obviously are
also recognised by the market."

In the first half-year of 2007, the cash flow statement is on the one
hand strongly influenced by the initial consolidation of the Gruber &
Kaja Druckguss- und Metallwarenfabrik GmbH and the BBG Baugeräte GmbH
and on the other hand by the issue of the corporate bond in the
amount of EUR 20 million. In the first six months of the current
business year, gross cash flow more than doubled from TEUR 3,049 to
TEUR 6,965. In the reference period, the cash flow from operating
activities increased from TEUR 2,249 to TEUR 7,866. As of June 30,
2007, cash and cash equivalents increased from TEUR 18,274 to TEUR
25,159 - mainly due to the bond issue.

As a result of the newly integrated companies, the number of
employees considerably increased. As of June 30, 2007 the HTI Group
employed 1,124 persons and thus 400 people more than in the first
half-year of 2006. Due to the higher profitability, sales per
employee rose from TEUR 58 to TEUR 70. With the new group structure,
as at the end of June, net debt increased from TEUR 23,487 to TEUR
52,040, which, compared to the end of 2006, led to and increase in
gearing from 75% to 115%.

The outlook on the entire year 2007 remains positive. For both, sales
and earnings, the company keeps its forecast given on the occasion of
the announcement of the restructuring.

Key figures of the HTI Group according to IFRS


first HY 2007 first HY 2006 changes in %

Total sales TEUR 74,805 38,432 +94.64 %
Plastics segment TEUR 38,343 38,432 -0.23 %
Metal segment TEUR 28,887 0
Mechanical engineering segment TEUR 7,576 0
EBITDA TEUR 8,419 4,683 +79.78 %
EBIT TEUR 3,247 779 +316.82 %
EBT TEUR 1,730 -409
Consolidated result TEUR 1,647 -740
EBITDA-margin % 11.3 12.2 -7.38 %
EBIT-margin % 4.3 2.0 +115.00 %
EBT- margin % 2.3 -1.1
Consolidated result-margin % 2.2 -1.9
Earnings per share EUR 0.13 -0.09

Total assets TEUR 196,265 93,212 +110.56 %
Equity ratio % 23 32 -28.13 %
Gearing % 115 53 +116.98 %
Capital expenditure in tangible
and intangible fixed assets TEUR 8,716 3,727 +133.86 %
Depreciation / amortisation TEUR 5,172 3,904 +32.48 %
Gross cash flow TEUR 6,965 3,049 +128.44 %
Cash flow from operating
activities TEUR 7,866 2,249 +249.76 %

Headcount at closing date Number 1,124 690 +62.90 %
Sales per employee TEUR 70 58 +20.69 %


Please find further information on our company website:
www.hti-ag.at.


end of announcement euro adhoc 08.08.2007 08:00:00
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ots Originaltext: HTP High Tech Plastics AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
HTI High Tech Industries AG, Birgit Hochenegger-Stoirer, Peter Glatzmeier,
Members of the Management Board, Phone: +43 (0) 2622 460 -0,
Fax: + 43 (0) 2622 460 - 1102, b.hochenegger@hti-ag.at, p.glatzmeier@hti-ag.at

Hochegger Financial Relations GmbH, Dieter Riedlinger, Phone: +43 1 504 69
87-44, Fax: +43 1 504 69 87 60, d.riedlinger@hochegger.com

Branche: Holding companies
ISIN: AT0000764626
WKN: A0DQ9W
Index: WBI
Börsen: Wiener Börse AG / official market


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