euro adhoc: HTI - High Tech Industries AG / quarterly or semiannual financial statement / HTI AG CONTINUES GROWTH PATH

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quaterly report

15.05.2008

HTI AG CONTINUES GROWTH PATH

Total sales up 21.6%, to TEUR 41,620 - EBITDA +11.4%, to TEUR 4,296 -
EBIT increases by 15.3%, to TEUR 1,653 - Acquisitions of HTP
Skinline, Theysohn and Technoplast concluded - Sales target in 2008
of about EUR 200 million

St. Marien/Vienna, May 15, 2008. The first quarter of the current
business year 2008 of HTI High Tech Industries AG featured the formal
conclusion of the acquisitions of HTP Skinline (Plastics Processing
segment) and Theysohn (Mechanical Engineering segment). In addition,
HTI AG has pressed ahead with its market penetration of the Eastern
European growth region by setting up a subsidiary for form molding in
Brasov, Romania, thus laying the groundwork for further organic
growth.

In the first three months of 2008, total sales rose 21.6%, to TEUR
41,620, up from TEUR 34,232 in Q1 2007. Earnings before non-recurring
items, interest, tax, depreciation and amortization (EBITDA) improved
by 11.4%, to TEUR 4,296. The earnings before interest and tax (EBIT)
rose 15.3%, from TEUR 1,434 to TEUR 1,653. Due to the disadvantageous
exchange rate developments of the British pound and the US dollar,
expenses involved in the expansion and transfer of the Gruber & Kaja
plant to St. Marien, the integration of HTP Skinline and the
restructuring of the German business operations following
cancellation of a large contract, the operating margin declined
slightly compared to the first quarter of 2007. The EBITDA margin in
the period January - March 2008 was 10.3% (Q1 2007: 11.3%), whereas
the EBIT margin amounted to 4.0% (Q1 2007: 4.2%). Earnings before
interest and tax (EBT) decreased from TEUR 744 to TEUR 349. On
balance, consolidated net profit fell from TEUR 683 to TEUR 311. Due
to the increased number of outstanding shares, amongst other reasons,
earnings per share in the first quarter of 2008 were EUR 0.02 (Q1
2007: EUR 0.06).

The Metals Processing segment raised its total sales to TEUR 16,163
in the first three months of the 2008 business year, up from TEUR
11,836* in Q1 2007, although full production capacity had not yet
been reached due to the transfer of the Gruber & Kaja machinery from
the former production site to the new location in St. Marien. The
segment´s results from operating activities amounted to TEUR 800 (Q1
2007: TEUR 450*), with the EBIT margin at 4.9% (Q1 2007: 3.8%*).

In the Plastics Processing segment, despite the delay of several
contract orders called upon by customers, segment sales remained at
the same level as the comparable period of the preceding year. All in
all, sales in the first quarter of 2008 amounted to TEUR 19,678, up
from TEUR 19,569. The above-mentioned restructuring in connection
with the cancellation of a large contract in Germany, the one-off
investments and start-up costs related to the new plant construction
in Slovakia, the founding of the Romanian subsidiary and the
integration of HTP Skinline had a negative impact on earnings of the
Plastics Processing segment. In the first thee months of 2008, EBITDA
amounted to TEUR 2,081 (Q1 2007: TEUR 2,364), whereas EBIT was TEUR
204 (Q1 2007: TEUR 531).

The Mechanical Engineering segment is the smallest of the three
industrial core segments in the HTI Group in terms of sales, but the
most profitable. It posted total sales of TEUR 5,869 (Q1 2007:
2,827*), but contributed a disproportionately high share of Group
EBIT. The EBIT of the Mechanical Engineering segment, at TEUR 737,
represents an EBIT margin of 12.6%.

The Other segment primarily encompasses the business activities of
HTI AG and ProRegio Mittelstandsfinanzierungs AG. The earnings before
tax of TEUR -290 is chiefly related to holding expenditures and the
interest expenses on the corporate bond issued by HTI AG. ProRegio
has held the new 10% shareholding in Carbo Tech Composites GmbH since
the end of the 2007 business year.

The initial consolidation of the Theysohn Group will probably take
place as of April 1, 2008, whereas the Technoplast Group will be
consolidated as of May 1, 2008. For the 2008 business year as a
whole, the Management Board of HTI AG expects total sales to be about
EUR 200 million with corresponding earnings margins, on the basis of
organic growth and further acquisitions.

Key HTI Group indicators (IFRS) 1.1.-31.3.2008 1.1.31.3.2007
Total sales TEUR 41,620 34,232
Plastics Processing segment TEUR 19,678 19,569
Metals Processing segment TEUR 16,163 11,836
Mechanical Engineering segment TEUR 5,869 2,827
EBITDA TEUR 4,296 3,858
EBIT TEUR 1,653 1,434
EBT TEUR 349 744
Consolidated net profit for
the period TEUR 311 683
EBITDA margin % 10.3 11.3
EBIT margin % 4.0 4.2
EBT margin % 0.8 2.2
Consolidated earnings margin % 0.7 2.0
Earnings per share EUR 0.02 0.06

Balance sheet total TEUR 199,087 171,255
Equity TEUR 45,878 44,466
Equity ratio % 23 26
Gearing % 166 112
Capital expenditure TEUR 4,071 1,711
Depreciation and amortization TEUR 2,643 2,424
Gross cash flow TEUR 2,472 3,176
Net cash flow from operating activities
TEUR -2,800 991

Average number of employees Total 1,209 998
Total gross income/employee TEUR 34 34

* Only 2 months results included in 2007 due to the date of consolidation.

end of announcement euro adhoc
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ots Originaltext: HTP High Tech Plastics AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

HTI High Tech Industries AG, Ms. Nadja Goyer, Investor Relations, Tel: +43 (0)
3862 304 - 8562, Fax: +43 (0) 3862 304 - 7598, n.goyer@hti-ag.at

Hochegger Financial Relations GmbH, Mr. Dieter Riedlinger, Senior Consultant,
Tel: +43 1 504 69 87, Fax: +43 1 504 69 87 60, d.riedlinger@hochegger.com

Branche: Holding companies
ISIN: AT0000764626
WKN: A0DQ9W
Index: WBI
Börsen: Wiener Börse AG / official market


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