EANS-Adhoc: Polytec Holding AG / Results for the first nine months 2012

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9-month report

07.11.2012

In the period under review, group sales totaled EUR 362.6 million,
remaining almost stable at the previous year's level of EUR 367.3
million adjusted for the effects of the divestment of the
Interior-Systems business. The European passenger car industry
continued to show a solid development in all POLYTEC GROUP's relevant
markets. Group sales in the passenger car segment totaled EUR 68.2
million in Q3 2012, increasing slightly by 2.7%. In the first nine
months of 2012, group sales in this segment dropped by 41.9% to EUR
213.9 million, due to the sales contribution of the divested
Interior-Systems business in the previous year. The passenger car
segment was once again impacted by call-off figures of some major
customers in the Genuine Accessories business area (former Car
Styling Division), which were below expectations. Injection-molding
activities continued to show a solid development in the period under
review. Group sales in the commercial vehicle segment continued to
show a negative development. In addition to the lack of follow-up
orders due to a change of technology, as reported in previous
periods, this negative development is also attributable to the
general weak economic environment. In the first nine months of 2012,
group sales in the non-automotive segment reported a growth, which
was mainly attributable to a sales contribution of roughly EUR 18
million from the business site POLYTEC Plastics Ebensee (former PPI).
This business site was included for the first time in the
consolidated financial statements of the POLYTEC GROUP as of
September 1, 2011. In the first nine months of 2012, group EBIT
declined by 28.1% to EUR 21.3 million compared to the previous year's
level adjusted for the effects of the divestment of the
Interior-Systems business. The significant improvement of the
financial result in the period under review is principally
attributable to the changed balance sheet and financial structure of
the POYTEC GROUP following the divestment of the Interior-Systems
business at the end of the first half of 2011. Since then, the Group
has reported net financial assets instead of net financial
liabilities and is therefore in a position to reinvest its cash and
cash equivalents. As of September 30, 2012 total net financial assets
amounted to EUR 10.5 million. All in all, the POLYTEC GROUP achieved
a net profit after income tax of EUR 17.2 million in the first nine
months of 2012. This corresponds to earnings per share of EUR 0.75.

EUR mill. Q3 2012 Q3 2011 Change in % 1-9 2012 1-9 2011 Change in
%
Sales 119,7 121,9 -1,80% 362,6 527,3 -31,20%
EBITDA 1) 10,7 11,3 -5,40% 31,8 44 -27,80%
EBIT 1) 6,9 7,8 -11,40% 21,3 29,6 -28,10%
Net income 5 5,9 -15,70% 17,2 31,8 -45,90%

EBITDA margin (adjusted) 8,90% 9,30% 8,80% 8,30%
EBIT margin (adjusted) 5,80% 6,40% 5,90% 5,60%

Earnings per share 0,22 0,26 -14,50% 0,75 1,4 -46,20%

Earnings figures for the period1-9 2011 are adjusted by the he one
off gain of EUR 7.2 mill. resulting from the deconsolidation from the
Interior Systems business by the end oft he first half 2011.

OUTLOOK

Provided that general framework conditions do not deteriorate
further, the Management of POLYTEC Holding expects group sales and
earnings for the second half of 2012 to match the level of the first
half-year. However, against the backdrop of an increasingly volatile
market environment, the achievement of such targets is considered to
be quite ambitious.

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
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issuer: Polytec Holding AG
Polytec Strasse 1
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