EANS-Information of Significance: Binder+Co Aktiengesellschaft / Press Release / Important Company Information Binder+Co 2010 progressing well: sales revenues and EBIT above the level of last year

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02.03.2011

Gleisdorf, March 2, 2011

“With sales revenues of EUR 63.25 million and EBIT of EUR 7.22
million, in 2010 we not only surpassed the figures for the preceding
year, but also returned to our pre-crisis levels. Order intake in the
second half-year even returned to the record level of 2008 and
therefore we can be genuinely satisfied.” Karl Grabner, member of the
Binder+Co Management Board.

Generally difficult and unsettled market environment The economic
environment for Binder+Co’s mechanical engineering business in 2010
presented an extremely inconsistent picture. While Environment
Technology picked up markedly and demand in the Packaging Technology
Segment remained largely stable, the Processing Technology Segment
was characterized by extreme volatility caused by major demand
fluctuations in the systems and plant business.

Sales revenues marginally higher than in 2009, EBIT consolidated
further In spite of relatively low order backlog at the beginning of
the year, Binder+Co sales revenues in 2010 amounted to EUR 63.25
million and were therefore slightly up on those of the preceding year
(2009: EUR 63.13 million). The positive mix of large volume system
and plant business and solid single machine and spare part business
played a major role in this regard and ensured constant good use of
production capacity throughout 2010. At EUR 7.22 million, EBIT was
above the EUR 6.66 million of the previous year and also just over
the previous record figure of EUR 7.2 million achieved in 2008.

Particularly satisfactory development in the Environmental Technology
Segment In 2010, the Processing Technology Segment, which specializes
in drying, screening and sorting machinery for the construction
materials and stone and earth industries, was characterized by single
machine business offering solid margins. In total, order intake in
this segment amounted to EUR 26.32 million. Segment sales revenues in
the past financial year totalled EUR 28.85 million (45.6% of total
sales revenues) and the resultant EBIT contribution amounted to EUR
2.20 million. Demand in the Environmental Technology Segment, which
focuses on sorting machines for glass and plastics recycling,
developed in a particularly satisfactory manner during 2010.
Binder+Co again succeeded in acquiring interesting international
projects with an emphasis on western Europe and by the end of the
year had accumulated new order intakes totalling EUR 32.41 million.
The newly developed sensor units for the identification of the lead
content in cullet and the sorting of heat-resistant special glass met
with immediate market acceptance and thus secured Binder+Co’s
technological market leadership. With sales revenues of EUR 24.13
million, in 2010 the Environmental Technology Segment provided 38.2%
of total sales revenues. It also furnished an EBIT contribution of
EUR 4.07 million (56.4% of total EBIT). The Packaging Technology
Segment, which is managed by the independent subsidiary Statec Binder
GmbH, produces high-performance machinery for the open mouth bagging
of free-flowing bulk goods such as fertilizers, plastic granulate,
seeds, foods and feedstuffs or salts. In spite of the difficult
global market situation, the Segment was able to bring in worldwide
orders totalling EUR 10.61 million, which related mainly to single
machines and small system projects. Segment sales revenues in the
past financial year amounted to EUR 10.27 million (16.2% of total
sales revenues), while the EBIT contribution totalled EUR 0.95
million.

Export business continues to be of major significance The Group’s
international sales revenues during the period under review provided
87.4% (2009: 85.0%) of total sales revenues, which underlined the
massive importance of export business. With a share of sales revenues
of 49.4%, western Europe (excluding Austria) remained the largest
sales market, followed by Asia/Australia with 17.2%. Central and
eastern Europe (CEE and CIS) furnished 12.3%, Africa 5.5% and the
Americas 3.0% of sales revenues.

A marked revival in demand Clearly weakened by the worldwide economic
crisis, Binder+Co started 2010 with an order backlog of EUR 17.96
million. However, the second quarter already demonstrated a marked
recovery in order intake, which continued in the third and fourth
quarters. All in all, order intake in 2010 amounted to EUR 69.34
million, which was EUR 19.51 million or roughly 39% above the values
of the preceding year (2009: EUR 49.83 million) and thus demonstrated
potential for future growth. As at December 31, 2010, the Binder+Co
Group had secured an order backlog of EUR 24.01 million, a figure
that also includes an order volume of EUR 6.07 million for 2012 and
subsequent years.

Outlook As economic development in Europe has a decisive influence of
Binder+Co growth, the forecast improvement in the general economic
situation and stable machine business in the EU should again provide
a solid basis for Group performance in the coming years. At the same
time, due to the adoption of an expansion course, overseas markets
are set to make disproportionate gains in importance. In particular,
this applies to the ambitious BRIC states, which hold interesting
potential for Binder+Co and promise good sales prospects for the
company’s machinery. From a current perspective, the Binder+Co
management expects renewed growth in sales revenues and EBIT for
2011.

The Binder+Co share shows a solid price trend During 2010, the price
of the Binder+Co share performed better than the general market trend
demonstrated by the ATX. Starting from a level of EUR 11.10 at the
beginning of the year, the price picked up markedly from mid-summer
onwards and at year-end 2010 stood at EUR 15.90. As a result, it was
43.2% higher than the figure at the beginning of the year and 59.0%
above the value of the initial quotation on December 27, 2006.

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 has been listed on the Vienna Stock Exchange since the end of
2006 and is currently quoted in the third market of 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.

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

Further inquiry note:

Karl Grabner, Member of the Management Board
Tel.: +43/3112/800-363

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