euro adhoc: CHRIST WATER TECHNOLOGY AG / quarterly or semiannual financial statement / CHRIST continues growth course in the first-half year 2007

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6-month report

17.08.2007

• Order intake +21% to EUR 133.4 million
• Order backlog +24% to EUR 183.5 million
• Sales +21% to EUR 132.5 million
• Net income +62% to EUR 2.7 million

The positive business climate and further development of the
positioning of the Christ Water Technology Group is reflected in a
significant increase in orders in the first half of 2007. New orders
increased by 21% (EUR 133.4 million compared to EUR 110.6 million in
the first half of 2006). This means that the orders on hand as at
June 30, 2007 are at the same level as the first quarter but
increased year-on-year by 24% from EUR 147.8 million to EUR 183.5
million.

"Thanks to the strategic positioning of CHRIST in water technology
for global industries and municipalities, positive business
performance continues to be reported from all business divisions and
companies within the Group. This trend is continuing uninterrupted on
the basis of enquiries and offers," says DDr. Karl Michael Millauer,
Chairman of the Christ Water Technology Group.

Sales development in the reporting period was heavily influenced by
the finalization and hand-over of existing major projects as well as
by the increased demands made on capacities by new projects. Group
sales increased year-on-year by 21% from EUR 109.2 million to EUR
132.5 million in the first half of 2007, and clearly exceeded the
existing record figure for the 1st quarter (EUR 63 million) with a
2nd quarter figure of EUR 69.4 million.

On the whole, company results developed slightly more positively than
sales growth. EBITDA increased year-on-year by 28% from the previous
year´s figure of EUR 4.4 million to EUR 5.6 million. EBIT improved by
34% from EUR 3.0 million to EUR 4.1 million. Heavy growth in earnings
was slowed down mainly by cost overshooting in some projects in the
Ultrapure Water division. By contrast, the remaining business
divisions exhibit improved earnings without exception.

Earnings before tax experienced above-average growth of 70% to reach
a figure of EUR 4.0 million (previous year: EUR 2.4 million) due to
offsetting of the financial result. After minorities, this results in
net income for the period of EUR 2.7 million (previous year: EUR 1.6
million) for the shareholders in the company, or EUR 0.15 per share
compared to EUR 0.09 the previous year.

Group equity (including minority shares) increased in comparison to
December 31, 2006 from EUR 43.2 million to EUR 46.0 million. Cash
flow from operating activities is influenced by the settlement status
in project business, and amounts to EUR -12.8 million (previous year:
EUR -0.7 million) due to the increase in working capital
requirements. Cash flow from investment activities amounted to EUR
-4.4 million.

Outlook

Based on the current orders as well as the continuing positive
project activity in all CHRIST divisions, which led to the conclusion
of significant orders at the start of the 3rd quarter, growth in
volume and earnings is expected to continue. The restructuring
successes in business units which have so far been negative as well
as the improvement in the project mix have a positive effect on
income. The ongoing heavy demand for sea water desalination projects
can create a strong, growing business division in CHRIST through the
winning of reference plants. The rise in working capital requirements
in project business has not yet been adjusted as necessary, and will
only change slowly in the coming months due to the project-specific
payment modalities in selected major projects. All new projects show
improved payment conditions. On the basis of the results for the
first half of 2007 and the continuing dynamism in all business
fields, the Management Board expects Group sales to exceed the EUR
250 million-mark and EBIT to grow at a disproportionate rate to the
rise in sales.

end of announcement euro adhoc 17.08.2007 07:30:00
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ots Originaltext: CHRIST WATER TECHNOLOGY AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
Christ Water Technology AG
Ralf Burchert
ralf.burchert@christ-water.com
P. +43 6232 5011 1113

Branche: Biotechnology
ISIN: AT0000499157
WKN: 675399
Index: WBI, ATX Prime
Börsen: Wiener Börse AG / official market


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