EANS-Adhoc: 2012 a year of renewal at Hoeft & Wessel - Increasing order receipts in first quarter of 2012 - 2012 subdued business development - Initial positive effects of reorientation still in 20

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ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
adhoc with the aim of a Europe-wide distribution. The issuer is solely
responsible for the content of this announcement.
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3-month report

19.07.2012

Hannover/Germany, 19/07/2012. The Hoeft & Wessel Group perceives 2012
as a year of renewal, in which business development will be shaped by
the company's reorientation. The manufacturer of ticket vending
machines, parking machines as well as mobile terminals therefore
expects lower sales revenues for the current financial year 2012
year-on-year at roughly EUR 78 million. The operating result (EBIT),
at -EUR 4.9 million plus restructuring expenses of -EUR 4.8 million
in connection with the reorientation will turn out substantially
negative once again. The company anticipates initial positive effects
of the reorientation as early as this year, within the business
results beginning in 2013.

In the first quarter of 2012, business development of Hoeft & Wessel
AG turned out to be in line with expectations for the year as a
whole. At EUR 17.9 million, sales revenues were on average for the
past five years and down by 14 per cent compared with the relatively
good level recorded in the previous year (2011: EUR 20.8 million).
The operating result, at -EUR 2.5 million, turned out negative (2011:
-EUR 0.4 million). Restructuring expenses amounting to -EUR 0.2 were
incurred as early as the first quarter.

The order intake was encouraging in the first three months of the
year. At EUR 21.4 million, considerably more new orders were taken
into the books than in the first quarter of the previous year (2011:
EUR 18.9 million). The order portfolio also rose to EUR 47.5 million
(31 December 2011: EUR 43.9 million).

The operating cash flow likewise developed well in the first quarter
of 2012, reaching EUR 0.6 million (previous year: -EUR 3.8 million).

As already reported on the basis of preliminary figures, the
financial year 2011 closed with sales revenues down by 7 per cent
compared with the previous year, amounting to EUR 88.4 million (2010:
EUR 95.6 million). Non-scheduled depreciation and valuation
adjustments amounting to -EUR 7.6 million as well as lower sales
revenues and higher project costs led to a negative operating result
(EBIT) in 2011, amounting to -EUR 10.9 million (2010: EUR 2.9
million).

Despite the substantially negative result, the Hoeft & Wessel Group's
liquidity was also adequate in 2011. Operating cash flow was positive
at EUR 1.7 million, even though it did not reach the high value of
the previous year (2010: EUR 7.8 million).

In the first quarter of 2012, Hoeft & Wessel continued the delivery
and installation of on-board computers for buses run by the
FirstGroup in the United Kingdom. Soon it will even be possible to
use credit cards with EMV contactless function as a ticket. This will
herald a new era in the field of ticketing. The Danish State Railway
took delivery of the first completely newly developed e-Ticket
readers. Mobile terminals for data capture went to various
wholesalers, retailers and logistics companies in Germany as well as
to the Swiss Post. The British subsidiary Metric extended its
international business even further, delivering car park terminals to
partners in Australia, New Zealand and South Africa.

New orders for ticketing terminals were placed by the state-owned
Belgian railway corporation SNCB and by a partner in Poland. Mobile
terminals for data capture in the retail segment were ordered by
Fegro-Selgros, Rewe and Rossmann. The Metric subsidiary received
orders for car park terminals from two London boroughs.

Further inquiry note:
Arnd Fritzemeier
Tel.: +49-511-6102-300
E-Mail: IR@hoeft-wessel.com

end of announcement euro adhoc
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issuer: Höft & Wessel AG
Rotenburger Str. 20
D-30659 Hannover
phone: +49-511-6102-0
FAX: +49-511-6102-411
mail: ir@hoeft-wessel.com
WWW: http://www.hoeft-wessel.com
sector: Technology
ISIN: DE0006011000
indexes: Prime All Share, Technology All Share
stockmarkets: free trade: Hannover, Berlin, München, Hamburg, Düsseldorf,
Stuttgart, regulated dealing/prime standard: Frankfurt
language: English