euro adhoc: Implenia AG / Financial Figures/Balance Sheet / First half of 2007: Implenia continues its momentum

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6-month report

13.09.2007

D i e t l i k o n, 13 September 2007 - The Implenia Group, created
with the merger of the two most important Swiss construction
companies, Zschokke and Batigroup, achieved excellent results - in
line with the high expectations - in the first half of 2007. The
operating result (EBIT) amounts to CHF 12.8 million. Taking into
account integration costs, exceptional fees and depreciation of
intangible assets, amounting to a total of CHF 6.7 million, the Group
result stands at CHF 3.5 million. Turnover in the first half-year
progressed by 5% over the same period last year, reaching CHF 1.444
billion. For the whole year, thanks to the good level of the order
books in all fields of activity, the Group Management is counting on
a turnover of about CHF 3.0 billion and, after extraordinary charges,
a good result for the Group.

"Developments since the merger decision have confirmed our
expectations and convictions", underlined Christian Bubb, CEO of
Implenia, adding: "Implenia is now able to consolidate its position
as undisputed leader in all of its fields of activity in Switzerland,
but also to capture specifically targeted and very attractive markets
abroad".

As at 30 June, equity reached CHF 369.8 million. At the end of July
2007, the order volume of the entire Group amounted to CHF 2696
million, spread over a number of years.

Adaptation of the operational structure Considering the present and
future market needs, the operational structure of the Group has been
changed: Implenia is now structured in four Divisions. The Real
Estate Division, including the company General Contractor, groups the
services provided upstream and downstream of the actual construction
activity, such as project development, engineering and real estate
services. In construction, the Infra Division groups traditional
activities, i.e. building, civil engineering, roads and special
construction works. The Tunnels and Total Contractor Division is
specialised in major infrastructure projects, in particular tunnels
and railway engineering. The Global Solutions Division is responsible
for all activities abroad.

Real Estate Division Over the whole year 2007, the Real Estate
Division (real estate, engineering, general contracting) should
achieve a turnover of about CHF 1305 million and an operating result
(EBIT), before extraordinary charges, of about CHF 33.2 million. At
the end of July, the volume of orders amounted to CHF 1196 million.
The Division is positioned as a provider of innovative, global or
partial solutions to private or institutional real estate investors.

Infra and Tunnels/Total Contracting Divisions (construction works)
Over the whole year, the turnover of construction activities should
amount to CHF 1682 million. The expected operating result (EBIT),
before extraordinary charges, amounts to about CHF 40 millions. At
the end of July, the volume of orders amounted to CHF 1499 million,
mainly in underground construction works, spread over a number of
years. The net improvement over the year 2006 is mainly due to the
impact of synergies, which are becoming notable.

Global Solutions Division This division leads and coordinates all
international activities. It groups all available expertise within
the Group, offering it to an international clientele in carefully
targeted regions and segments of activity. It concentrates on two key
areas of competence: infrastructure solutions and services for the
construction of High Quality Buildings. A number of orders have
already been booked or developed in Russia and the Middle East.
Notably, Global Solutions has been entrusted with the preliminary
study, including design, for the construction of two stadiums, in the
Russian city of Sotchi, to host the Winter Olympics of 2014.

Still no agreement with Laxey Partners In the spring of this year,
2007, the British fund Laxey Partners, acquired, in secret, a block
of shares, and then officially announced that its holding amounted to
22.9%. As its intentions still remain rather unclear, the Board of
directors persists in its refusal to register the shares held by
Laxey Partners beyond the 4.9% of the share capital already
registered. Indeed, considering the legislation in force (Lex
Koller), the registration of the entire holding would entail the
destruction of the values created so far and would threaten, or
prevent the development of Implenia in line with the strategy
adopted, which has now demonstrated its worth. The Board of directors
remains determined to uphold its decision not to register any other
shares held by Laxey and thus protect the interests of the majority
of our shareholders.

Favourable prospects Thanks to our strong order books, in all
divisions of the Group, the 2007 turnover should exceed last year's
and reach about CHF 3000 million. Despite the extraordinary charges
posted to the entire accounting period, the Management expects a good
full-year result. For 2007, the balance of the costs of integration
and depreciation of intangible assets should amount to about CHF 19.5
million. In coming years, the effects of the synergies created by the
merger should also contribute to an improvement of the results in the
low margin construction activities.

end of announcement euro adhoc 13.09.2007 07:00:00
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ots Originaltext: Implenia AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
Christian Bubb, CEO Implenia
Phone +41 44 805 45 55, Mobile +41 79 219 86 80
E-mail christian.bubb@implenia.com

Roger Merlo, CFO Implenia
Phone +41 22 787 03 17, Mobile +41 79 353 78 10
E-mail roger.merlo@implenia.com

Branche: Building materials
ISIN: CH0023868554
WKN: 2386855
Index: SPI, SSCI, SPIEX
Börsen: SWX Swiss Exchange / official market


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