EANS-Information of Significance: Binder+Co Aktiengesellschaft / Binder+Co shows dynamic development in Q1–3

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16.11.2011

Gleisdorf, November 16, 2011. Binder+Co, the specialist for
innovative machinery and plants in the fields of processing,
environmental and packaging technology from Gleisdorf in Austria,
completed Q1–3/2011 with marked increases in both sales revenues and
EBIT. Order intake developed in an equally dynamic manner and
workforce numbers also rose. Moreover, solid order backlog points to
a satisfactory result for the year as a whole.

Karl Grabner, from the Binder+Co Management Board is clearly pleased:
“The dynamism of recent months continued during the third quarter of
2011. As a consequence, up to now the current financial year has
proceeded in a more than satisfactory manner. On the basis of the
positive order situation, we anticipate a marked improvement in sales
revenues and results for the year as a whole.”

For the internationally successful Binder+Co, the first three
quarters of 2011 were characterized by a continuing upward trend with
regard to order intake. The orders received in 2011 with a volume of
EUR 65.07 million represent an increase of 33.0% over the comparable
period of 2010. In addition, owing to positive order backlog at the
beginning of the year and solid order intake, sales revenues were
31.2% higher at EUR 53.43 million (Q1–3/2010: EUR 40.71 million). On
this basis, EBIT improved to EUR 4.98 million (Q1–3/2010: EUR 4.08
million).

While the Processing and Packaging Technology Segments were
characterized by a growing number of single machine projects, the
bulk of order intake in the Environmental Technology Segment
consisted of longer-term plant and system business. All in all, order
backlog as at September 30, 2011, stood at EUR 35.61 million and was
therefore up by more than a third on the figure of EUR 26.14 million
from the previous year.

Strong growth in all production segments In Q1–3/2011, the Processing
Technology Segment, which specializes in drying, screening and
sorting machinery for the construction materials and minerals
industries, again provided the largest share of total sales revenues
with EUR 22.73 million (Q1–3/2010: EUR 19.33 million). On the back of
strong single machine and spare part business, the Segment’s EBIT
contribution amounted to EUR 2.26 million and was thus markedly
higher than the value of the preceding year (Q1–3/2010: EUR 1.63
million). As at September 30, 2011, order intake stood at EUR 19.84
million (Q1–3/2010: EUR 19.99 million) and continued to derive
entirely from single machine, spare part and service business.

At EUR 19.96 million, sales revenues in the Environmental Technology
Segment, which focuses on sorting machines for glass and plastics
recycling, were clearly up on those of the preceding year (Q1–3/2010:
EUR 15.01 million). However, the EBIT total of EUR 1.66 million was
down on the preceding year (Q1–3/2010: EUR 2.12 million) as a result
of the fact that an increasing number of complete plant projects with
lower margins were cleared. New contracts worth EUR 32.26 million
(Q1–3/2010: EUR 20.61 million) also consisted largely of complete
systems and numerous projects involving the upgrade of existing plant
capacity.

During the first three quarters of 2011, Binder+Co’s Packaging
Technology Segment, which manufactures high-performance open mouth
bagging machinery, achieved sales revenues of EUR 10.74 million
(Q1–3/2010: EUR 6.37 million) and thereby again confirmed its
positive development since 2008. The Segment’s EBIT contribution rose
to EUR 1.06 million, which was treble the EUR 0.33 million of the
previous year. Order intake improved in an equally positive manner,
rising to EUR 12.97 million and thus exceeding the EUR 8.32 million
of the preceding year by roughly 56%.

Solid demand ensures a positive outlook for 2011 Binder+Co order
backlog as at September 30, 2011, stood at EUR 35.61 million, which
was 36.2% higher than the comparable value of the previous year
(September 30, 2010: EUR 26.14 million). On the basis of this
positive demand trend, the executive management anticipates that the
sales revenues and result for the current financial year will clearly
surpass the 2010 values.

Workforce numbers boosted considerably The upturn in the key
financial indicators was reflected by a major increase of 33.5% in
employee numbers to 311 as at September 30, 2011.

The Binder+Co share price demonstrates a positive trend overall
Following a clearly upward trend in the first half of 2011, in the
third quarter of the year, the shares traded in the mid market of the
Vienna Stock Exchange demonstrated great volatility. Having commenced
2011 at a level of EUR 15.90, by September 30, the Binder+Co share
price had risen to EUR 19.90, which corresponded with an increase of
around 25%. To date, the high for the year amounted to EUR 24.90.

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. In
2010, 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 recycling
cullets. Moreover, the Binder+Co Group recently expanded its product
range in the comminuting technology area through the incorporation of
Comec-Binder S.r.l.

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

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