Thielert AG continues on its growth course

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balance/9-month report

Hamburg (euro adhoc) - Thielert AG has reported an increase in
turnover of 57 percent to a total of EUR 63.2 (previous year: 40.2)
million for the first nine months of the 2007 financial year with the
Aircraft Engines segment making a key contribution here with sales up
by 108 percent at EUR 38.5 (18.5) million. Over the same period, the
Technology & Prototyping segment recorded revenue growth of 14
percent totalling EUR 24.7 (21.8) million.

The key earnings indicators EBITDA, EBIT and EBT all enjoyed positive
development too. EBITDA at EUR 16.5 (11.9) million exceeded the
previous year´s level by 38 percent. EBIT rose by 39 percent to EUR
12.7 (9.1) million, while EBT at EUR 10.6 million outperformed that
of the previous year by 32 percent amounting to EUR 8.1 million. On
the basis of overall development, consolidated profit stood at EUR
8.1 (5.4) million.

The winning of new OEM customers affected the growth significantly,
but also lead to the high start-up funding needs for serial
production purposes and for further product development with regard
to the engines CENTURION 2.0 and CENTURION 4.0. Nevertheless, an
overall positive development in cash flow is apparent, which is
expected to continue in the last quarter assuming business develops
as planned. It should also be pointed out in this connection that net
financial liabilities and the ratio of working capital to sales have
both declined.

Key data of Thielert AG according to IFRS

Sales (01.01.-30.09.2007): 63.2 million Euro
Sales (01.01.-30.09.2006): 40.2 million Euro
Sales (Changes): 57%

Gross profit on sales (01.01.-30.09.2007): 30.3 million Euro
Gross profit on sales (01.01.-30.09.2006): 26.1 million Euro
Gross profit on sales (Changes): 16.3%

EBITDA (01.01.-30.09.2007): 16.5 million Euro
EBITDA (01.01.-30.09.2006): 11.9 million Euro
EBITDA (Changes): 38%

EBIT (01.01.-30.09.2007): 12.7 million Euro
EBIT (01.01.-30.09.2006): 9.1 million Euro
EBIT (Changes): 39.1%

EBT (01.01.-30.09.2007): 10.6 million Euro
EBT (01.01.-30.09.2006): 8.1 million Euro
EBT (Changes): 31.8%

Consolidated net profit (01.01.-30.09.2007): 8.1 million Euro
Consolidated net profit (01.01.-30.09.2006): 5.4 million Euro
Consolidated net profit (Changes): 50.6%

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Aircraft Engines Segment

Sales (01.01.-30.09.2007): 38.5 million Euro

Sales (01.01.-30.09.2006): 18.5 million Euro
Sales (Changes): 108%

Gross profit on sales (01.01.-30.09.2007): 20.7 million Euro
Gross profit on sales (01.01.-30.09.2006): 12.1 million Euro
Gross profit on sales (Changes): 71%

EBITDA (01.01.-30.09.2007): 13.2 million Euro
EBITDA (01.01.-30.09.2006): 7.2 million Euro
EBITDA (Changes): 84%

EBIT (01.01.-30.09.2007): 10.8 million Euro
EBIT (01.01.-30.09.2006): 5.9 million Euro
EBIT (Changes): 83%

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Technology & Prototyping Segment

Sales (01.01.-30.09.2007): 24.7 million Euro

Sales (01.01.-30.09.2006): 21.8 million Euro
Sales (Changes): 13.6%

Gross profit on sales (01.01.-30.09.2007): 9.6 million Euro
Gross profit on sales (01.01.-30.09.2006): 13.9 million Euro
Gross profit on sales (Changes): -31%

EBITDA (01.01.-30.09.2007): 3.3 million Euro
EBITDA (01.01.-30.09.2006): 4.8 million Euro
EBITDA (Changes): -31%

EBIT (01.01.-30.09.2007): 1.8 million Euro
EBIT (01.01.-30.09.2006): 3.2 million Euro
EBIT (Changes): -42.3%

Outlook In view of the weak US dollar, increasing energy and raw
material prices, and a lack of qualified staff, export-oriented
German engineering manufacturers and aviation companies are facing
special challenges. In the current year, the market for piston
aircraft has exhibited a negative trend, with a minus of 6 percent.
Aircraft that are equipped with a kerosene piston engine ex-works,
i.e. the models of Thielert customers Diamond Aircraft Industries and
Apex Aircraft, have thus far been an exception. The volume of
incoming orders and orders on hand for Thielert aircraft engines
continues to increase. Apart from existing OEM customers, in
particular new customer business, which is being continually
expanded, will play a major role in this regard. Moreover, the
company is also pushing the development of the Technology &
Prototyping segment, particularly the integration of Superior Air
Parts. Key components and systems continue to be manufactured, and
development orders continue to be executed for defence technology
customers. Existing business relations will further intensified.
Provided developments proceed according to plan, this perspective
will be reflected in the financial figures. "Even with this more
difficult market environment it is still possible to achieve our
revenue targets", said Frank Thielert, CEO and president of Thielert
AG.

The complete interim financial report is available on the internet
at: www.thielert.com.

end of announcement euro adhoc 14.11.2007 07:00:27
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ots Originaltext: Thielert AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
Sebastian Wentzler
Head Corporate Communication
Telefon: +49 (37204) 6961270
E-Mail: press@thielert.com

Branche: Machine Manufacturing
ISIN: DE0006052079
WKN: 605207
Index: SDAX, CDAX, Prime All Share, Classic All Share
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
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