euro adhoc: Binder+Co Aktiengesellschaft / Financial Figures/Balance Sheet / 2008 - A further chapter in the Binder+Co success story

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annual report

04.03.2009

Gleisdorf, March 4, 2009. At today´s presentation of its Annual
Report for 2008, Binder+Co was able to impress with considerable
growth. As already reported in advance on February 9, during the past
year the Styrian specialist for processing, environmental and
packaging technology increased its sales by 37.4% to EUR 73.45
million. EBIT was also raised by 47.2% to EUR 7.20 million and at EUR
85.25 million, order intake was 48.3% up on the preceding year. To
date, the company has only been moderately affected by the economic
downturn.

Generally positive market environment The general economic situation
in 2008 proved extremely favourable for the mechanical engineering
business of Binder+Co. The construction and construction sub-supply
industry in western and eastern Europe, the global recycling branch
and the iron and steel industry all showed solid development and thus
formed a stable basis for the highly successful course of business of
Binder+Co during the past year.

Sales and result markedly higher Due to the positive market climate,
in 2008 the Binder+Co increased its sales by 37.4% to EUR 73.45
million (2007: EUR 53.44 million). The main factor behind this
impressive growth rate was the conclusion of numerous large system
and plant projects in all three product segments.

Following the powerful sales growth in recent years, EBIT in 2008 was
again raised considerably. At EUR 7.20 million, EBIT was a notable
47.2% higher than the figure for 2007 (2007: EUR 4.89 million). The
basis for this excellent development was formed by a marked
improvement in market presence, which resulted in the stimulation of
a considerable increase in demand for Binder+Co products. In
addition, the optimisation programme for a reduction in the delivery
times and greater productivity launched in 2007 also had a positive
effect in all company segments.

Performance of the individual product segments In 2008, the
Processing Technology Segment benefited from the continuing strong
demand in western and eastern Europe, as well as that from the Asian
iron and steel industry. Processing Technology Segment sales in 2008
rose to EUR 33.48 million (45.6% of total sales), the resultant EBIT
contribution amounting to EUR 3.38 million (47.0% of total EBIT).
Order intake in this segment was characterised by a satisfactory
blend of single machine and system contracts and as at the year-end
stood at a total of EUR 48.11 million. The order value thus obtained
in 2008 was virtually double that of the previous year.

The past financial year in the Environmental Technology Segment was
characterised by numerous system projects. Binder+Co was particularly
successful with the marketing of its new CLARITY PLUS technology.
Environmental Technology Segment sales of EUR 28.26 million (38.5%
share of sales) represented an increase of 87.0% over the preceding
year and the segment also furnished an EBIT contribution of EUR 3.61
million (50.1% of total EBIT). In total, new orders with a value of
EUR 29.13 million were captured in 2008.

With effect from October 1, 2008 the Binder+Co Packaging Technology
Segment was brought into the subsidiary Statec Binder GmbH, a joint
venture with the former competitor, Statec GmbH. Binder+Co AG has a
50.7% shareholding in Statec Binder GmbH, which has thus been fully
consolidated within Binder+Co´s consolidated financial statements.

During 2008, the Packaging Technology Segment achieved sales of EUR
11.71 million (15.9% of total sales), which was 12.3% higher than in
the preceding year. However, as a result of the clearance of
low-margin system projects, at EUR 0.21 million (2.9% of total EBIT)
segment EBIT remained at the level of the previous year. In total,
the segment achieved order intake of EUR 8.01 million.

Export business continues to be of major significance Binder+Co´s
international sales during the period under review provided 90.0%
(2007: 87.0%) of total sales, which underlined the massive importance
of export business. With a share of sales of 47.4%, western Europe
excluding Austria remained the largest sales market, followed by
central and eastern Europe (CEE and CIS) with 25.2%. Asia and
Australia furnished 11.1% of sales, Africa and the Americas, 6.3%.

Positive order situation maintained Total order intake in 2008
amounted to EUR 85.25 million, which was EUR 27.76 million or 48.3%,
above the value of the previous year (2007: EUR 57.49 million). As at
December 31, 2008, the Binder+Co Group had secured an order backlog
of EUR 32.99 million. This figure already contains an order volume of
EUR 9.27 million for 2010.

Outlook Although to date Binder+Co has not felt any major effects of
the economic and financial crisis and, due to the high order backlog,
2009 is well covered, at present a longer range forecast concerning
company development is difficult. On the basis of solid order
backlog, Binder+Co expects that the positive sales and EBIT levels of
2008 can be retained. However, following the strong growth of 2007
and 2008, even under normal economic conditions, it would have been
difficult to improve markedly on the sales and results of previous
years.

The Binder+Co share shows a solid price trend During 2008, the price
of the Binder+Co share, which is listed in the mid market of the
Vienna Stock Exchange, could not escape the general market trend.
Starting from a level of EUR 12.79 at the beginning of the year, by
the year-end 2008 the price had fallen by some 26% to stand at EUR
9.45. This was the lowest level since the IPO. However, as compared
to the ATX, which fell by over 61% in the same period, the Binder+Co
share performed relatively well.

Share buy-back For the planned stock option programme, the Management
Board of Binder+Co AG continued the share buy-back approved by the
Annual General Meeting on March 26, 2008, to an amount equalling 10%
of share capital.

The Binder+Co Group Binder+Co AG is a specialist in the field of
processing, environmental and packaging technology and the world
market leader in the screening and glass recycling segments. The
company has been listed on the Vienna Stock Exchange since December
2006 and in June 2007 was admitted to the new mid market segment. It
has been authorised to participate in regulated OTC trading since
July 2007.

With effect from October 1, 2008, the activities of the Binder+Co
Packaging Technology Segment were brought into the subsidiary, Statec
Binder GmbH, in which Binder+Co AG holds a majority interest of
50.7%. In 2008, Binder+Co had an average workforce of 236, sales
amounting to EUR 73.45 million and EBIT of EUR 7.2 million. The
company therefore had a solid EBIT margin of 9.8%.

end of announcement euro adhoc
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ots Originaltext: Binder+Co Aktiengesellschaft
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Dr. Karl Grabner, member of the Management Board

Tel.: +43 (0)3112/800-363

Branche: Machine Manufacturing
ISIN: AT000BINDER3
WKN:
Index: mid market
Börsen: Wiener Börse AG / Regulated free trade