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ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for
the content of this announcement.
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Hamburg (euro adhoc) - 2006 was once again a record year in terms of
sales and profits for Thielert AG, and the fourth quarter in 2006
was one of the strongest in the history of the company. The fourth
quarter saw the delivery of the first Centurion 2.0 and 4.0 engines
to aircraft manufacturers, known as Original Equipment
Manufacturers (OEM). These two engines have been certified since
the third and fourth quarters of 2006. The company's sales and
profits expectations have been fulfilled.
Successor engine to the Centurion 1.7 goes into series production:
Centurion 2.0
The expansion of production capacity at the plants at
Lichtenstein/Saxony and Altenburg/Thuringia and the associated
recruitment of new staff have largely been completed as
scheduled. The company already started series production of the
Centurion 2.0 und Centurion 4.0 aircraft piston engines in
the last quarter. The Centurion 2.0 is the latest development stage
of the Centurion 1.7 and has also 135 PS. The latter engine has in
recent years made a considerable contribution to the growth and
success of the company, with over 1,500 units delivered for
general aviation.
In the Centurion 2.0, Thielert has been able to demonstrate that the
proven and reliable design is upwardly compatible. The new engine
will in future replace the Centurion 1.7 in all installations. The
Centurion 2.0 has a greater engine capacity, particularly in order
to meet the requirements of the US market. Thielert has
developed a own engine block in the course of the development and
approval process, which is especially designed to meet the demands of
aviation. The European and US aviation authorities approved the
engine in August and October 2006. Similarly, the Centurion 2.0
has been approved for installation in the Cessna 172 since August
last year. The Centurion 2.0 is supplied to plane manufacturer
Diamond Aircraft Industries as an installation kit, and built
into the successful DA40 TDI and DA42 aircraft. Diamond is
experiencing strong growth and has customer orders stretching
beyond the end of 2007. Planning security for the Thielert AG
companies is also further improved in 2007 by a second major and
several minor OEM companies.
Defense Development Contracts
As announced in November, Thielert AG has won additional contracts
from its US customer General Atomics Aeronautical Systems, Inc.
(GA-ASI). Additionally Thielert was able to complete important
developments in the forth quarter. As part of the ER/MP (Extended
Range/Multi Purpose) program for the US Army, the current contract
for the year 2006 was increased by 50 percent and was already
relevant for the forth quarter earnings. These development
services were related to the engine for the unmanned aerial
vehicle (UAV) "Sky Warrior". Thielert is the exclusive engine
supplier for this program. GA-ASI will start with serial delivery
of the Sky Warrior in mid of 2007.
General Market Situation Engine Components
Superior Air Parts, Inc., a subsidary of Thielert AG, has also
grown strongly in the last year and was able to consolidate its
market position. The measures of restructuring the organisation
after the acquisition have been successful.
Outlook Earnings and Profits
The year 2006 was successful as projected. In the near future
Thielert will publish some selected financial ratios especially in
terms of liquidity. The company has a solide financing.
end of announcement euro adhoc 05.01.2007 09:59:55
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ots Originaltext: Thielert AG
Im Internet recherchierbar: http://www.presseportal.de
Further inquiry note:
Sebastian Wentzler
Leiter Unternehmenskommunikation
Telefon: +49(40) 696950-35
E-Mail: s.wentzler@thielert.com
Branche: Machine Manufacturing
ISIN: DE0006052079
WKN: 605207
Index: SDAX, CDAX, Prime All Share, Classic All Share
Börsen: Frankfurter Wertpapierbörse / official dealing/prime standard
Börse Berlin-Bremen / free trade
Hamburger Wertpapierbörse / free trade
Baden-Württembergische Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Bayerische Börse / free trade
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