EANS-Information of Significance: Binder+Co Aktiengesellschaft / Binder+Co starts 2011 with strong, first quarter growth

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18.05.2011

Gleisdorf, May 18, 2011. Binder+Co, the innovative machine and plant
manufacturer from Gleisdorf in Austria, began the 2011 financial year
in a highly successful manner. Company sales revenues were some 44%
higher at EUR 17.34 million, EBIT more than trebled to EUR 1.10
million and order intake was 70% up at EUR 19.87 million.

In view of these facts, Karl Grabner, from the Binder+Co Management
Board is well pleased: “For us, 2011 has begun positively and we can
reflect with satisfaction on a successful first quarter. Not only
were we able to considerably increase both our sales revenues and
results, but the upswing in order intake also permits an optimistic
view of the future.”

In the first quarter of 2011, Binder+Co, which is an internationally
successful specialist in the fields of processing, environmental and
packaging technology, was able to maintain the upward order intake
trend, which commenced in the middle of 2010. All in all, in the
period from January to March 2011, the company captured new orders
worth EUR 19.87 million, which as compared to the figure for the
first quarter of the last year, represented an increase of 70.0%. On
this basis, Binder+Co achieved quarterly sales revenues of EUR 17.34
million (Q1/2010: EUR 12.06 million) and EBIT was more than trebled
to stand at EUR 1.10 million (Q1/2010: EUR 0.31 million).

This positive development continued to be borne by single machine,
spare part and service business, which provided solid margins.
Therefore, the shift away from large-volume, longer term system and
plant business towards short-term, single orders that commenced with
the economic crisis in the preceding years, was prolonged. However,
the Environmental and Packaging Technology Segments again obtained
more extensive system orders during the first quarter of 2011.

Clearly positive results in all production segments In the first
quarter of 2011, the Processing Technology Segment, which specializes
in drying, screening and sorting machinery for the construction
materials and minerals industries, achieved sales revenues of EUR
8.01 million and thus again provided the largest share of total sales
revenues (46.2%; Q1/2010: EUR 6.18 million). The Segment’s EBIT
contribution rose to EUR 0.67 million and was thus markedly higher
than the EUR 0.13 million of the preceding year. Positive order
intake of EUR 9.03 million (Q1/2010: EUR 4.19 million) ensured a
solid use of production capacity.

At EUR 7.04 million, sales revenues in the Environmental Technology
Segment, which focuses on sorting machines for glass and plastics
recycling, almost doubled over the preceding year (Q1/2010: EUR 3.68
million). In addition, Segment EBIT multiplied to EUR 0.39 million
(Q1/2010: EUR 0.08 million). Order intake showed a good mixture of
single machines and medium-sized systems business and at EUR 6.04
million attained a stable level.

During the first quarter of 2011, the Packaging Technology Segment,
which manufactures high-performance open mouth bagging machinery, had
sales revenues of EUR 2.29 million (Q1/2010: EUR 2.20 million). As a
result of the clearing of a number of low-margin system orders, the
EBIT contribution was down on the preceding year and stood at EUR
0.04 million (Q1/2010: EUR 0,10 million). By contrast, order intake
developed in an extremely positive manner and at EUR 4.80 million was
EUR 3.23 million up on the EUR 1.57 million of the previous year.
Apart from spare part and service business, systems business began to
show signs of far greater robustness.

Marked improvement in the order situation Binder+Co order backlog at
the end of March 2011 stood at EUR 26.52 million, which was 50.9% up
on the comparable figure of the preceding year (March 31, 2010: EUR
17.57 million) and thus in line with the long-term average. The
management assumes that the positive demand trend will continue in
the coming months.

Workforce enlarged The improved order situation led to an enlargement
of the workforce, which as at March 31, 2011 totalled 251, an
increase of more than 10% on the 227 of the previous year.

The Binder+Co share price shows a positive trend During the first
quarter of 2011, the price of the Binder+Co share, which is listed on
the mid market of the Vienna Stock Exchange, once again rose
considerably. Having started the year at a level of EUR 15.90, by
March 31, 2011 the share price had climbed to EUR 18.40, which
constituted an increase of over 15%.

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 was listed on the Vienna Stock Exchange at the end of 2006
and is now part of the third market in the mid market segment.
Binder+Co was awarded the 2009 Austrian National Innovation Prize for
its development of the world’s first industrially mature system for
the sorting of heat-resistant special glass from recycling cullets.

end of announcement euro adhoc
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issuer: Binder+Co Aktiengesellschaft
Grazerstraße 19-25
A-8200 Gleisdorf
phone: +43 3112 800-363
FAX: +43 3112 800-320
mail: karl.grabner@binder-co.at
WWW: www.binder-co.com
sector: Machine Manufacturing
ISIN: AT000BINDER3
indexes: mid market
stockmarkets: Third Market: Wien
language: English

ots Originaltext: Binder+Co Aktiengesellschaft
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

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

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