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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) - Hamburg - The year 2006 was once again a
record year for Thielert AG with regard to sales and earnings, and
the fourth quarter of 2006 was the strongest in the company's
history. The following is a short overview of the first preliminary -
not yet audited - financial figures according to IFRS:
- sales increase of 93% to EUR 72.5 million (2005: EUR 37.6 million).
- increase of EBT by 100% to EUR 18.2 million (2005: EUR 9.1
million). - workforce growth of 27% to 320 (2005: 252 employees)
Both sales as well as earnings before taxes increased much stronger
than in the same period of the previous year in which growth of 55.5%
and 70.3% respectively was reported. This very positive development
is also reflected in the operating cash flow in the fourth quarter of
2006. During the course of the financial year, it was possible to
improve it considerably (Q1: EUR - 6.2 million, Q2: EUR - 8.2
million, Q3: EUR - 1.8 million, Q4: EUR + 1.1 million). Hence, a
break-even has been exceeded for the first time.
With considerable investments in the year 2006 in the Centurion 2.0
and 4.0 products as well as in the integration of Superior Air Parts,
Inc., the Company has paved the way for a successful year in 2007.
The "Aircraft Engines" business segment made the first deliveries of
Centurion 2.0 and 4.0 engines to large customers as planned in the
fourth quarter of 2006. Turnover in the "Technology & Prototyping"
business segment grew as well with additional development orders.
Due to the planned company development, which has led to this
outstanding result, employees were paid a bonus of 1.5 months salary
at the end of the financial year. The number of employees grew in the
past year mainly through the acquisition of Superior Air Parts, Inc.
and by opening the plant in Altenburg. By the end of the year, it
grew to 320 compared to 252 in the previous year. This results in
workforce growth of 27%.
The audited financial figures will be published in the Annual Report
on March 28, 2007.
___________________________________________________________________
THIELERT AG
Stock exchange abbreviation Deutsche Börse: T3C
ISIN International Securities Identification Number: DE0006052079
WKN German securities ID number: 605 207
Ticker symbol Bloomberg: T3C GY (XETRA)
Ticker symbol Reuters: T3CGn.DE (XETRA)
Helbingstr. 64-66
22047 Hamburg
Germany
http://www.thielert.com
___________________________________________________________________
end of announcement euro adhoc 10.01.2007 08:31:53
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ots Originaltext: Thielert AG
Im Internet recherchierbar: http://www.presseportal.de
Further inquiry note:
Sebastian Wentzler
Head of Corporate Communication
Telefon: +49(0)40/696950-75
E-Mail: ir@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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