euro adhoc: Thielert AG / Annual Reports / Thielert: New date for Publication of Annual Results 2006

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Disclosure announcement transmitted by euro adhoc. The issuer is responsible
for the content of this announcement.
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Accounting and Audits

26.03.2007

Hamburg - Thielert AG will postpone the publication of the audited
annual results 2006 from March 28, 2007 to April 13, 2007. This
decision was necessary, because the company will now book development
services in accordance with IAS 11.23, whereas until now these
contracts have been booked in accordance with IAS 18.13
(multi-component contracts). The auditors are in full agreement with
this opinion. As a result, more time is needed to carry out the
necessary restatements.

Part of the revenues from development services, which were recorded
in the income statement in 2006 within the framework of combined
development and production supply contracts according to IAS 18.13,
will now, following this decision, be recorded once full production
runs begin. As a consequence, there will be a postponement of
revenues and earnings from 2006 to 2007 and subsequent years. The
company expects that this change in accounting will result in
postponed revenues of approximately 12 million Euros from 2006 to
2007 and beyond. There will be a similar postponement of about 5
million Euros in pretax income. There will be no impact on operating
cash flow.

Even taking this postponement into account, an increase in revenues
of approximately 60 percent was achieved in 2006. The company sees no
change in the operating success of its products and expects further
growth of at least 50 percent in sales and earnings.

The management board

end of announcement euro adhoc 26.03.2007 06:55:16
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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)40/696950-35
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
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