EANS-Adhoc: Polytec Holding AG / POLYTEC GROUP Half year financial results 2011 / Increase of all earnings figures

--------------------------------------------------------------------------------
ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
distribution. The issuer is solely responsible for the content of this
announcement.
--------------------------------------------------------------------------------

6-month report

03.08.2011

In the first half of 2011, the POLYTEC GROUP reported an increase in
sales of 10.8% to EUR 405.4 million. This favorable sales development
is still attributable to the consistently positive performance of the
European automotive industry. Sales volumes of the POLYTEC GROUP´s
most relevant customers in the passenger car and in the commercial
vehicle sectors recorded strong growth rates in the first six months
of 2011. The sales figures in the same period of the previous year
included roughly EUR 13 million of POLYTEC Composites Italia, which
was divested at the end of the 2010 business year. Group EBITDA rose
by 141.2% to EUR 40.0 million in the period under review. In addition
to the positive market development and fixed cost digression, this
disproportionate increase in results is mainly attributable to the
successful restructuring of the production sites in Zaragoza (Spain)
and Waldbröl (Germany), which made a positive contribution to Group
results. On June 9, 2011 the divestment of the "Interior" business
area, which was sold to TOYOTA BOSHOKU, was communicated with an "ad
hoc" release. The closing of the transaction took place on June 30,
2011. Thus, sales and earnings figures of the "Interior" business
area are included in this half-year interim report until June 30,
2011. Following the deconsolidation of the "Interior" business area,
Group EBITDA includes a deconsolidation gain of EUR 7.2 million.
Adjusted for this one-off effect, operating EBITDA amounted to EUR
32.8 million in the period under review. This corresponds to an
EBITDA margin of 8.1%. In the first half of 2011, group EBIT
increased almost tenfold totaling EUR 29.0 million. In addition to
the effects mentioned above, this increase is mainly attributable to
lower depreciation of fixed assets, which declined by roughly EUR 2.6
million due to the conservative investment policy of the POLYTEC
GROUP in the recent past. Financing costs fell by approximately EUR
1.1 million in the first half of 2011 due to a considerable reduction
of net debt and the renegotiation of lending terms and conditions
with the house bank in Q2 2011. Nevertheless, the financial result
only showed a slight change compared to the previous year´s period.
This is mainly due to a gain of roughly EUR 0.8 million in Q2 2011.
In the first half of 2011, the POLYTEC GROUP recorded a net income of
EUR 25.8 million compared to a loss of EUR 1.2 million in the same
period of the previous year. This corresponds to earnings per share
of EUR 1.14.

in EUR million Q2 2011 Q2 2010 Change in % H1 2011 H1
2010 Change in %
Sales 204,6 201,1 1,7% 405,4 365,8
10,8%
EBITDA 24,8 13,0 91,3% 40,0 16,6
141,2%
thereof deconsolidation gains 7,2

EBIT 19,7 6,2 216,6% 29,0 3,0
879,6%
Net income 17,9 4,3 316,5% 25,8 -1,2

EBITDA margin (adjusted) 8,6% 6,5% 8,1% 4,5%

EBIT margin (adjusted) 6,1% 3,1% 5,4% 0,8%

Earnings per share (in EUR) 0,80 0,18 337,0% 1,14 -0,07

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

end of announcement euro adhoc
--------------------------------------------------------------------------------

issuer: Polytec Holding AG
Linzer Straße 50
A-4063 Hörsching
phone: +43 (0) 7221 / 701-0
FAX: +43 (0) 7221 / 701-0
mail: investor.relations@polytec-group.com
WWW: www.polytec-group.com
sector: Industrial Components
ISIN: AT0000A00XX9
indexes: ATX Prime
stockmarkets: official market: Wien
language: English