euro adhoc: CHRIST WATER TECHNOLOGY AG / Financial Figures/Balance Sheet / Christ reports good start in first three months 2008

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3-month report

16.05.2008

• Order intake +27% to EUR 69.0 million
• Order backlog +23% to EUR 213.5 million
• Sales +33% to EUR 84.0 million
• EBITDA +84% to EUR 5.7 million
• EBIT +81% to EUR 4.2 million
• Net income +79% to EUR 2.3 million

"The first quarter was characterized by a persistently good and
stable state of the market, the first-time p&l effective inclusion
and integration of the Zeta Group, by aftereffects of cost-increasing
factors in the power station business, and positive special proceeds
from a refocusing on core business in the Netherlands," says Karl
Michael Millauer, CEO of the Christ Water Technology Group, about the
first three months 2008.

The CHRIST Group´s order intake in the first three months of 2008
increased by 27% to EUR 69.0 million (previous year: EUR 54.5
million). After adjustment for the contract values of the 2007
acquired Zeta Group (EUR 18.8 million), the prior-year level was not
reached in full. This is attributable to the stronger focus of
project activities on high-margin project business segments. The
order books are well filled in all divisions due to the order backlog
of EUR 213.5 million (previous year: EUR 174.0 million) as at March
31, 2008 and the key customers´ continuing high investment activity.

The positive sales trend persisted also in the first quarter, rising
by 33% to EUR 84.0 million (previous year: EUR 63.0 million). The
comparable organic growth rate without new business was 20%.

EBIT recovered considerably after the setback in the 4th quarter of
2007. The operating result increased in spite of the continued impact
of the strained raw material and currency markets and the lagging
effects of the cost burdens of ongoing power station projects. The
Group´s EBIT increased from EUR 2.3 million in the previous year to
EUR 4.2 million (+81%), which includes a EUR 1.8 million one-time
other income item.

Earnings before tax doubled compared to the previous year, amounting
to EUR 3.9 million (previous year: EUR 1.8 million). Payment of taxes
for prior years led to a cumulative tax rate of about 40%, and the
level of the comparative quarter of the previous year (30%) was not
reached due to these special effects.

At EUR 2.3 million the net income for the period under review
exceeded the net income for the comparative quarter of the previous
year by 79% (previous year: EUR 1.3 million EUR). The net earnings
per share are EUR 0.12 compared to EUR 0.07 in the previous year.

Group equity (including minority participations) increased compared
to December 31, 2007 by 4.3% to EUR 66.6 million (previous year: EUR
63.8 million). The equity ratio rose from 27.7% to 27.9%. At EUR
-10.5 million, cash flow from operating activities did not reach last
year´s level (EUR -3.6 million) in spite of improved cash flow from
earnings. The demand for working capital grew faster and led to the
further cash flow consumption. Gearing defined as ratio of net debt
to equity increased from 66.1% to 85.2%.

Outlook

"On the basis of the present economic environment and of the results
of the 1st quarter and the orders on hand, we expect an increase in
Group sales to at least EUR 330 million in the business year 2008.
Moreover, from today´s point of view the expectation for EBIT 2008‚
at least a doubling of EBIT 2007 and thus a minimum of EUR 12
million, can be confirmed," says Karl Michael Millauer.

end of announcement euro adhoc
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ots Originaltext: CHRIST WATER TECHNOLOGY AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Christ Water Technology AG

Ralf Burchert, CEFA

ralf.burchert@christ-water.at

Tel.: 06232/5011-1113

Branche: Biotechnology
ISIN: AT0000499157
WKN: 675399
Index: WBI, ATX Prime
Börsen: Wiener Börse AG / official market


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