euro adhoc: A-TEC Industries AG / Financial Figures/Balance Sheet / ATB Austria Antriebstechnik AG announces results for 2006

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06.04.2007

ATB Austria Antriebstechnik AG announces results for 2006

Spielberg, 6 April 2007 - Vienna listed (official market)
ATB Austria Antriebstechnik AG (AT0000617832) - the sub-group
holding company for the operations forming the also stock listed
A-TEC Industries (ISIN AT00000ATEC9) Group's Drive Engineering
Division - overcame continued adverse conditions on international
commodity markets and significantly improved its market position.
ATB's results for the first time include those of the
Singapore listed Lindeteves Jacoberg (LJ) electric motor group, in
which a majority was acquired in the first half of 2006; LJ
was consolidated on 1 June. This major acquisition, which
brought the ATB Group control of the well-known Schorch, Brook
Crompton, Tamel and Western Electric brands, was the most
important feature of 2006 for ATB. This expansion move propelled the
group into the top three in the European electric motor industry
and significantly widened its product portfolio, enabling it to
position itself as a full-line supplier.

Although the takeover of the LJ Group impacted results as did the
integration of the Serbian subsidiary ATB Sever acquired at the end
of 2004, ATB recorded improvements in all performance measures.

Growth in revenue and earnings

The ATB Group returned revenue of EUR 304.47 million (m) in financial
2006 for a year-on-year gain of about 44% (2005: EUR 211.14m). The
increase was driven by strong organic growth and consolidation
of the LJ Group. Like-for-like revenue excluding LJ rose by 11.58
% to EUR 235.60m. Revenue growth in Europe was especially rapid,
due to targeted market development. The Serial Motors business
unit (previously Industrial Motors) again performed particularly
well, growing revenue by about 77% to EUR 170.5m. The Project
Motors (formerly Explosion Proof Motors) and New Businesses
(ex-ATB Technologies) units also boosted their combined revenue,
by 45% to EUR 65.2m, while the Home Appliances business (ex-House
and Garden) fell just short of the previous year's revenue, at EUR
65.9m (2005: 69.76m).

In the second half of 2006 it was possible to pass on at least
part of the increases in world material prices, meaning that the
ATB Group was able to post year-on-year improvements in all
earnings figures. EBITDA advanced to EUR 26.76m (2005: EUR
14.58m), and EBIT to EUR 10.25m (2005: EUR 6.26m), while
earnings before tax (EBT) were up to EUR 1.34m (2005: EUR 1.09m).

Record order intake and backlog

ATB booked EUR 340m in new orders in 2006 - a 59% increase on the
previous year (2005: EUR 213.75m). Order backlog was still more
positive, jumping by 85% to stand at EUR 77.69m at balance sheet
date (31 Dec. 2005: EUR 41.97m). The ATB Group is thus excellently
placed in terms of work in hand for coming months.

Outlook

In the light of the order books position management is optimistic
about the prospects for another good performance by the A-TEC
Group's Drive Engineering Division during the current financial
year. Following the 2006 growth surge ATB succeeded in driving the
integration of the group ahead rapidly, whilst also pushing
through a rapid, market driven reorganisation of the entire
group's sales and marketing organisation. In connection with
these changes the Supervisory Board resolved to establish a
Vienna based holding company to manage the ATB Group centrally,
and to form a separate company to run the Spielberg site.
Going forward, the management expects to be able to capitalise on
the rounding out of the group's product range and entry to new
markets including Australia, Asia, the UK and the USA as a result of
the LJ investment.

end of announcement euro adhoc 06.04.2007 07:30:00
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ots Originaltext: A-TEC Industries AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
Pressestelle A-TEC Industries AG
Mag. Claudia Müller-Stralz
Pleon Publico Public Relations & Lobbying
Tel: +43-1-71786-107
E-Mail: claudia.mueller@pleon-publico.at

Branche: Holding companies
ISIN: AT00000ATEC9
WKN:
Index: ATX Prime
Börsen: Wiener Börse AG / regulated dealing/prime standard


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