EANS-Information of Significance: Binder+Co Aktiengesellschaft / Binder+Co achieves considerable growth in 2015

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Financial Figures/Balance Sheet

02.03.2016

Press Release / Main Company Information

Gleisdorf, 2 March 2016

Binder+Co achieves considerable growth in 2015

- At EUR 95.50 million 2015 sales revenues set a new record - EBIT up
by 38% at EUR 5.93 million - EBIT margin raised from 4.9% to 6.2% -
Order backlog of EUR 45.06 million provides a satisfactory basis for
2016

Karl Grabner, from the Binder+Co Management Board: “Following the
conclusion of the unsatisfactory 2014 financial year, we undertook
everything possible to revert to our traditional strengths. These
aims have been partially realized, as evidenced by sales revenues in
2015 of EUR 95.50 million, which constituted a new record and a
roughly 38% improvement in EBIT to EUR 5.93 million. Therefore,
although as yet we have not quite reached our final objectives, we
have taken a significant step forward.”

A mixed market environment In general, Binder+Co’s main markets
demonstrated hesitant growth during 2015. The industries served by
the group continued to show little inclination to invest and
particularly in the EU demand remained at a low level throughout the
year. This resulted in a further deterioration in margins in the
plant engineering area. By contrast single machine business in the
USA developed in a positive manner, especially in the recycling
segment. There was also stronger demand from the base materials
industry and the global potash sector generated a marked increase in
demand worldwide. The demand for packaging technology in the
petrochemicals industry declined sharply, but remained stable in the
foods and feedstuffs industries.

New sales record, EBIT markedly higher During the 2015 financial
year, the Binder+Co Group had consolidated sales revenues of EUR
95.50 million (2014: EUR 87.94 million) and thus achieved a new
record. EBIT amounted to EUR 5.93 million (2014: EUR 4.30 million)
and was therefore also considerably higher, although the peak values
of previous financial years were still not reached. This was due to
more intensive competition in the European market and the negative
contributions to the results of three of the subsidiaries purchased
or founded in recent years.

Sales growth in all three segments In 2015, the Processing Technology
Segment, which includes the screening, wet processing, drying and
comminution areas, was characterized by increased competition that
led to a fall in the attainable margins. Furthermore, the losses at
the fully owned Comec-Binder S.r.l., Bublon GmbH and Binder+Co
Machinery (Tianjin) Ltd. subsidiaries had a negative effect on the
segment result. Segment sales revenues amounted to EUR 47.08 million
(2014: EUR 46.58 million) and thus constituted 49.3% of total sales
revenues (2014: 53.0%). Owing to strong single machine and spare part
business results, segment EBIT totalled EUR 2.09 million (2104: EUR
1.01 million). Order intake for the period was down on the record
level of 2014 at EUR 42.72 million.

The demand for Environmental Technology Segment products, which consist mainly
of sorting machinery for glass cullet, paper and plastics recycling,
strengthened considerably during 2015. This upturn, which was due primarily to
the US market, had a positive effect upon result quality. Sales revenues were
higher at EUR 23.23 million (2014: EUR 18.87 million) and EBIT rose to EUR 1.00
million (2014: EUR 0.30 million). Order intake also improved notably to EUR
25.45 million.

The Packaging Technology/Miscellaneous Segment raised its sales revenues in 2015
to EUR 25.19 million (2014: EUR 22.49 million) although its EBIT eased slightly
to EUR 2.84 million (2014: EUR 2.99 million). Owing to the fall in the price of
crude oil, the propensity to invest in the petrochemicals industry declined
sharply with the result that at EUR 18.26 million, order intake was lower than
in 2014.

Asia/Australia becomes the largest sales market for the first time

In 2015 the Binder+Co Group obtained 92.6% of its sales revenues from
exports. With a share of sales revenues of 38.1% Asia and Australia
became the largest sales market for the first time and was followed
by Western Europe (excluding Austria) with 34.0%, while the Americas
provided 9.0%, Central and Eastern Europe (CEE and CIS) 6.7% and
Africa 4.8% of sales revenues.

Stable demand trend Binder+Co was able to obtain new orders with a
value of EUR 86.43 million in 2015 and therefore as at 31 December
2015, possessed order backlog of EUR 45.06 million, which represented
a satisfactory basis for the 2016 financial year.

Binder+Co share price development Starting from a level of EUR 18.85
at the beginning of 2015 a sizeable price increase led to a high for
the year of EUR 21.00 on 9 April. On 21 December the share fell to
its yearly low and ended 2015 at EUR 17.50. All in all, the value of
the Binder+Co share declined by 7.2% in 2015, but nonetheless
remained 175.0% above the value of the initial quotation on 27
December 2006.

Outlook Binder+Co assumes that sales revenue growth in the coming
years will increasingly emanate from Asia and North and South
America. At the same time, the sales revenues from key and target
accounts are to be expanded worldwide. With order backlog of EUR
45.06 million at the beginning of 2016, it should be possible to
maintain the sales growth of last year.

The Binder+Co Group Binder+Co 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. The
Binder+Co Group consists of Binder+Co AG, the three fully owned
subsidiaries Comec-Binder S.r.l., Bublon GmbH and Binder+Co Machinery
(Tianjin) Ltd., as well as the Statec Binder GmbH joint venture
(50.7%).

Further inquiry note:
Inquiries
Karl Grabner, Member of the Board, Tel.: +43/3112/800-363,
karl.grabner@binder-co.at

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