EANS-News: Hoeft & Wessel steps up sales revenues by 11 per cent in first half of 2011

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6-month report

Subtitle: Focus on further internationalisation

Hannover / Germany, 04/08/2011. (euro adhoc) - In the first six
months of 2011, the Hoeft & Wessel Group increased its sales revenues
by 11 per cent, to reach EUR 43.4 million (2010: EUR 39.1 million).
Ticketing and check-in systems as well as mobile terminals
contributed a disproportionately large 30 per cent share of sales
revenue growth.

In the first half of 2011, Hoeft & Wessel supplied ticket vending
machines to public transport operators in Geneva and in two Spanish
cities. Mobile data capturing devices were delivered to the Rewe
supermarket chain and to convenience wholesaler Lekkerland. The UK
subsidiary Metric installed car parking ticket machines in the
Scottish city of Aberdeen and exported parking machines to Malaysia.

The international business of this IT and engineering technology
Group for ticketing, parking and mobile solutions is gaining
increasing importance. In the first half of 2011, almost 60 per cent
of sales revenues were generated abroad. At present, the primary
focus of international activities is on France and South America.

The operating result (EBIT) in the first half of 2011, at -EUR 1.3
million, turned out lower than in the previous year (2010: -EUR 0.9
million) since the Parking division was unable to make a contribution
to EBIT due to temporarily lower sales revenues in the U.S.

In the wake of new orders placed, such as from eastern Europe for
ticket vending machines and check-in terminals, from the U.S. for car
parking ticket machines and from Switzerland for mobile terminals,
the order intake in the first half of 2011 reached a volume of EUR
32.8 million (previous year: EUR 48.1 million). The order portfolio
as at 30/06/2011 stood at EUR 51.4 million (31/12/2010: EUR 61.9
million).

For 2011 as a whole, the Hoeft & Wessel Group anticipates a slight
increase in sales revenues to more than EUR 96 million and an
operating result (EBIT) of about EUR 3 million. This presupposes that
projects will be finalised on schedule and that the partnership
distribution network will continue to successfully expand as planned.

Key Financials of Hoeft & Wessel Group

in EUR thousands 30/06/11 30/06/10 30/06/09 30/06/08
30/06/07 ------------------------------------------------------------
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Sales revenues 43,358 39,124 47,104 42,502 42,536

Operating result before
deprec./amort. (EBITDA) 1,560 1,589 3,833 3,216 2,653

Operating result (EBIT) (1,303) (863) 1,569 941 312

in % of sales revenues - - 3.3 2.2 0.7

Earnings before taxes
(EBT) (1.753) (1.315) 1.108 231 (347)

in % of sales revenues - - 2.4 0.6 -

Group earnings (1,512) (1,544) 741 174 (511)

Earnings per share
in EUR (0.18) (0.18) 0.09 0.02 (0.06)

Dividend in EUR 0.10 0.08 - - -

Operating cash flow (4,401) 3,824 (1,578) (2,353) (542)

Employees 506 499 499 502
502

IR website with Half-Year Report 2011:
http://www.hoeft-wessel.com/en/investor-
relations/current-financial-reports/

Press kit with photos:
http://www.presseportal.de/pm/12945/hoeft_wessel_ag/

The Company Hoeft & Wessel is the leading IT and
engineering technology Group for ticketing, parking and mobile
solutions in Germany and Great Britain. Established in 1978 by the
two entrepreneurs who gave the company its name and listed on the
stock market since 1998 (ISIN DE0006011000), the enterprise has
developed into a group of companies with sales revenues of nearly EUR
100 million and a workforce of 500 employees. Its main locations are
Hannover, Germany, and Swindon, UK, to the west of London.

The annual investment volume in the Research & Development division,
which sets the pace in the Group´s technological orientation and
employs more than a third of the total workforce, amounts to
approximately 10 per cent in terms of turnover. According to the EU
Industrial R&D Investment Scoreboard, Hoeft & Wessel ranks amongst
the top companies in Europe.

Further inquiry note:
Arnd Fritzemeier
Tel.: +49-511-6102-300
E-Mail: PR@hoeft-wessel.com

end of announcement euro adhoc
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company: Höft & Wessel AG
Rotenburger Str. 20
D-30659 Hannover
phone: +49-511-6102-0
FAX: +49-511-6102-411
mail: ir@hoeft-wessel.com
WWW: http://www.hoeft-wessel.com
sector: Technology
ISIN: DE0006011000
indexes: Prime All Share, Technology All Share
stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin,
Hamburg, Stuttgart, Düsseldorf, Hannover, München
language: English