euro adhoc: SW Umwelttechnik Stoiser & Wolschner AG / other / Bright outlook for SW Umwelttechnik on major orders in Central and Southeastern
 Europe
Geschrieben am 18-06-2008 |   
 
  --------------------------------------------------------------------------------   Disclosure announcement transmitted by euro adhoc. The issuer is responsible   for the content of this announcement. --------------------------------------------------------------------------------
 
  18.06.2008
  Bright outlook for SW Umwelttechnik on major orders in Central and  Southeastern Europe
  * EUR 6 m order for drainage system for Budapest-Pecs motorway * EUR 4 m order for shopping centre in Slovakia * Record EUR 59.1m order backlog as per 31st May 2008 * Excellent earnings performance in first five months of year
  SW Umwelttechnik - a Vienna listed family firm with its core markets  in Central and Southeastern Europe (CSE) - is continuing to record  strong book growth. The environmental technology company's Water  Conservation and Infrastructure business sectors have recently won  major contracts in all their main markets (Austria, Hungary, Romania  and Slovakia). SW Umwelttechnik has gained market shares in CSE, and  has full order books despite weak construction activity in Hungary,  and not yet started public investment in Romania.
  Order backlog stood at a record EUR59.1m at the end of May 2008.  Hungary remained the largest geographical market, accounting for 62%  of all orders. Meanwhile Romania's contribution continued to rise,  reaching 20%. The breakdown in terms of business sectors - 57%  Infrastructure sector, 24% Water Conservation and 18% Engineering -  reflects the growing importance of industrial and commercial  customers for SW Umwelttechnik.
  Hungary Despite adverse economic conditions the Water Conservation  and Infrastructure sectors are executing three new projects in  Hungary. SW Umwelttechnik has won a contract worth a total of EUR6m  to supply pipes, man holes and channels for the M6/M60 motorway  between Budapest and Pecs which is currently under construction. The  project is already in under way, and the final deliveries should be  made by mid-2009.
  The company has also won a EUR2.5m order to supply precast elements  for shopping centres in Miskolc and Budapest by October 2008. And it  has picked up a EUR1.5m contract, due for completion by the end of  the year, for the drainage system at an industrial park in Komarom.
  Romania SW Umwelttechnik is continuing to make strong progress in  Romania. At the start of this week the company received an order for  precast elements and floor systems worth EUR2.5m to the Cotroceni  Park mall development in Bucharest.
  Slovakia Marketing efforts in Slovakia have also been highly  successful. SW Umwelttechnik has won a EUR4m contract for the supply  and erection of precast members for a shopping centre in Presov;  completion is scheduled for October 2008.
  Austria The  fish ladder developed by SW Umwelttechnik is attracting  widespread attention in Austria. The installation of a multi-level  fish pass at Heiligenblut on the River Möll marked the second order  win for this innovative technology. The "Villach barrage" - the  reference project for the fish ladder  - is being monitored by the  University of Natural Resources and Applied Life Sciences, Vienna,  and results have so far been highly encouraging. The researchers are  due to hand in their final report on the pilot project in September.
  Property The sale of a six hectare site in Budapest that is surplus  to operational requirements, agreed in a frame contract last year, is expected to be completed in June 2008. The EUR7m proceeds are to be  invested in expansion in Romania. SW Umwelttechnik has other surplus  properties, acquired in connection with investment projects, with a  market value of about EUR10m, and will be disposing of them over the  next years in order to strengthen its financial base.
  Outlook Management believes that the excellent order book position  confirms its full- year guidance for 2008, and continues to forecast  revenue growth of about 20%. And additionally it expects the strong  orders to give a still bigger boost to EBIT, which is seen improving  by around 60%.
  Founded in 1910, SW Umwelttechnik remains a family business, though  it has been listed on the Vienna Stock Exchange since 1997. The group is widely identified with sustainable enterprise and rapid expansion  in Central and Southeastern Europe (CSE). Its innovative  environmental technology products are contributing to infrastructure  renewal in CSE.
 
  end of announcement                               euro adhoc --------------------------------------------------------------------------------
 
  ots Originaltext: SW Umwelttechnik Im Internet recherchierbar: http://www.presseportal.de
  Further inquiry note:
  Dr. Bernd Wolschner
  Member of the Management Board
  Tel:   +43 (0)7259 31350
  Mobile:+43 (0)664 3413953
  Fax:   +43 (0)463 37667
 
 
  Romed Lackner
  Investor Relations/Marketing
  Tel:  +43 (0)664 8117670
  Fax:  +43 (0)463 37667170
  E-mail: romed.lackner@sw-umwelttechnik.com
  Website: www.sw-umwelttechnik.com
  Branche: Technology ISIN:    AT0000808209 WKN:     910497 Index:   WBI Börsen:  Börse Berlin / free trade          Börse Frankfurt / free trade          Wiener Börse AG / Regulated free trade 
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