EANS-Adhoc: Polytec Holding AG / Results for the first quarter 2011

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3-month report

11.05.2011

In the first three months of 2011, the POLYTEC GROUP was able to
report an increase in both sales and earnings. Group sales rose by
21.9% to EUR 200.8 million in the first quarter 2011. This
significant growth is still attributable to the solid market
development of the series-production business, which was mainly
driven by the consistently strong sales development of the German
OEMs in the BRIC countries as well as by the dynamic performance of
the commercial vehicle segment. In the first quarter 2011, POLYTEC
GROUP´s EBITDA was quadrupled to EUR 15.2 million reflecting the
positive sales performance compared to the same period of the
previous year. This corresponds to an EBITDA margin of 7.5%. The two
production sites (Zaragoza, Waldbröl), which had considerably
impacted results in the previous year, showed a significantly
improved performance in the first quarter of the reporting year
thanks to the restructuring measures implemented in 2010. A negative
factor that impacted results for the first quarter 2011 was
represented by the price development of crude oil-based raw
materials. All in all, the company´s favourable performance resulted
in a net profit of EUR 8.0 million in the first quarter 2011, which
was not influenced by any operational one-off effects. This
corresponds to earnings per share of EUR 0.35 compared to a negative
amount of EUR 0.25 in the previous year. The result for the period of
the POLYTEC GROUP was not impacted by any significant one-off effects
in relation with the earthquake and the nuclear catastrophe in Japan
or by any major related supply difficulties.

in EUR million Q1 2011 Q1 2010 Change in %
Sales 200,8 164,7 21,9%
EBITDA 15,2 3,6 321,2%
EBIT 9,3 -3,3
Net income 8,0 -5,5

EBITDA margin 7,5% 2,2%
EBIT margin 4,7% -2,0%

Earnings per Share 0,35 -0,25

Outlook

For the full-year 2011, POLYTEC management expects a slight organic
growth in sales despite the divestment of the Italian subsidiary
POLYTEC Composites Italia S.r.l. at year-end 2010, which had
contributed around EUR 30 million to Group sales in the previous year
(please also refer to the ad hoc release as of December 29, 2010). It
is anticipated that the Group´s operating result will show a
disproportionate increase compared to sales. This will be mainly
attributable to the consistent implementation of operating structural
measures and the resulting improvement in productivity, as well as to
cost reductions (fixed cost digression) and an overall positive
economic outlook. Based on the persisting trend towards consolidation
within the automotive supply industry, the company´s management is
currently evaluating the potential to seize growth-enhancing
acquisition opportunities going forward.

The interim report Q1 ist available for download via
www.polytec-group.com

end of announcement euro adhoc
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ots Originaltext: Polytec Holding AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Manuel TAVERNE
POLYTEC GROUP
Investor Relations
Tel.+43(0)7221/701-292
manuel.taverne@polytec-group.com

Branche: Industrial Components
ISIN: AT0000A00XX9
WKN: A0CA1R
Index: ATX Prime
Börsen: Wien / official market