EANS-Information of Significance: In H1/2010, Binder+Co’s key indicators lagged behind those of the preceding year, but showed a marked upturn in order intake.

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17.08.2010

Gleisdorf, August 17, 2010. In the first half-year 2010, the
Gleisdorf-based processing, environmental and packaging technology
specialist once again achieved a clearly positive result, although
sales revenues and EBIT remained below the figures for the preceding
year. However, especially during the second quarter, positive signals
emanated from an upswing in order intake.

“As a company that is traditionally affected by economic trends at a
relatively late point in the cycle, in view of the crisis, our sales
revenues and EBIT in the first half of 2010 were below the level of
the previous year. However, the marked improvement in the orders
situation in the second quarter has put us in an optimistic mood.”
Karl Grabner, Member of the Binder+Co Management Board

In the first half-year 2010, Binder+Co amassed sales revenues
totalling EUR 25.72 million, which represented a decline of 15% over
the figure for the preceding year and corresponded roughly with the
level achieved in the 2007 financial year (H1/2007: EUR 24.11
million). Consequently, as compared to the 2009 value, EBIT fell by
EUR 0.38 million to stand at EUR 2.24 million. Conversely, order
intake showed a markedly positive tendency and at the end of the
first half-year 2010 was 23% up on the figure for the preceding year
at EUR 29.63 million. The sales of single machines continued to
develop in a highly satisfactory manner, however with the exception
of individual projects in the Environmental Technology Segment,
large-volume system and plant business in the first six months of
2010 again failed to live up to expectations.

Clearly positive results in all product segments In the first half of
2010, the Processing Technology Segment, which specialises in drying,
screening and sorting machines for the construction materials and
minerals industries, achieved sales revenues of EUR 13.18 million
(H1/2009: EUR 15.80 million) and thus provided the largest share of
total sales revenues (51%). In spite of this dip in sales revenues,
the Segment’s EBIT contribution of EUR 1.11 million remained at the
level of the preceding year. Moreover, the order situation stabilised
with a sharp rise in intake to EUR 9.65 million (H1/2009: EUR 6.87
million). The Segment was again characterised by solid single machine
business, but system business continued to be comparatively weak.

Sales revenues in the Environmental Technology Segment, which focuses
on sorting machines for glass and plastics recycling, were also lower
than in the preceding year at EUR 8.30 million (H1/2009: EUR 10.59
million). In addition, although EBIT amounted to EUR 0.89 million and
was therefore clearly positive, it failed to emulate the value of the
preceding year (H1/2009: EUR 1.47 million). New orders consisted of
both single machines and medium-sized plant contracts and at EUR
13.93 million order intake was above the EUR 11.59 million of 2009.
The newly captured orders continued to demonstrate stable result
quality.

During the first half of 2010, the Packaging Technology Segment,
which manufactures high-performance, open mouth bagging machinery,
was able to clear single machine orders to the value of EUR 4.24
million (H1/2009: EUR 3.72 million). In tandem with solid spare parts
business, it was possible to raise EBIT markedly to EUR 0.24 million
(H1/2009: EUR 0.04 million). Furthermore, at EUR 6.05 million order
intake also improved and was EUR 0.51 million up on the EUR 5.54
million of last year.

Demand picks up markedly in the second quarter Order backlog at the
end of June 2010 was largely characterised by the positive trend in
the single machine area. At EUR 21.85 million, it was well above the
solid level of 2007 (June 30, 2007: EUR 16.64 million) and thus
corresponded with the long-term average. The comparable value of EUR
25.16 million as per June 30, 2009 still contained large plant
projects, which were largely concluded during the 2009 financial
year.

Despite the encouraging intake trend, the management remains cautious
with regard to a sustained improvement in the order situation. Within
this context, a revival of system and plant business in the
Processing Technology Segment would constitute a decisively positive
signal of growth.

The Binder+Co share price remains stable During the first half of
2010, the price of the Binder+Co share, which is traded on the mid
market of the Vienna Stock Exchange, remained extremely stable.
Having started 2010 at a level of EUR 11.10, by June 30, the share
price had risen to EUR 11.50.

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
Binder+Co share was introduced on the Vienna Stock Exchange at the
end of 2006 and is now traded in the Third Market in the mid market
segment. In 2009, 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 cullet fragments.

end of announcement euro adhoc
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ots Originaltext: Binder+Co Aktiengesellschaft
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Karl Grabner, Member of the Management Board

Tel.: +43/3112/800-363

Branche: Machine Manufacturing
ISIN: AT000BINDER3
WKN:
Index: mid market
Börsen: Wien / Third Market