St. Marien / May 30, 2012 - HTI High Tech Industries AG ('HTI'), listed at the prime market of the Vienna Stock Exchange, again reports on increases in new orders after a generally slower economic development in the first quarter 2012. Due to the economic uncertainties that burdened the consumption- and investment behavior and consequently the order situation of the HTI Group starting with the fourth quarter 2011, consolidated revenues of the first three months 2012 decreased from EUR 53.2 million to EUR 46.6 million. The operative earnings before interest, tax, depreciation and amortization (EBITDA) amounted to EUR 0.1 million after EUR 3.9 million in the first three months 2011. The operative earnings before interest and tax (EBIT) amounted to EUR -2.7 million (after EUR 1.5 million in the first quarter 2011). The consolidated result amounted to EUR -4.3 million after EUR 0.8 million in the first three months 2011. Besides the effects from the lower revenues the higher depreciation on fixed assets and interest expenses had a negative impact on the result situation of the first quarter 2012.

'Our utilization only began to recover by end of the first quarter 2012. This trend has been continuing at the beginning of the second quarter and is a good basis for the coming quarters', explains HTI CEO Peter Glatzmeier. An important key issue for the current business year also lies in the intensification of cooperation projects, in order to achieve an even higher market penetration and to take advantage of the economies of scales', continues Glatzmeier.

OUTLOOK
The current order situation allows the expectations of revenues at least at last year's level and a balanced result - under the condition that no unforeseeable impacts of the sovereign debt crisis occur.
HTI sets its focus further on the reduction of the Group's indebtedness as well as the strengthening of the internal financing power that shall enable the Group to fund the further growth on its own. Against this background processes and structures as well as the strategic positioning are being analyzed, in order to increase the company's value effectively and on a long-term basis. The changes in regard to Technoplast were a conscious and necessary step in this direction.

In accordance with the resolutions jointly published by the Management Board and Supervisory Board on May 29, 2012 in preparation for the Annual General Meeting to be held on June 19, 2012, Mr. Kurt Helletzgruber has been nominated for election to serve on the Supervisory Board by the Annual General Meeting. On May 30, 2012, HTI received a resolution submitted by Raiffeisen-Landesbank Steiermark AG in accordance with Section 110 Austrian Stock Corporation Act, which proposes that Mr. Christian Loimayr is to be elected as a Member of the Supervisory Board. On May 30, 2012, the company was notified by Mr. Willibald Dörflinger (Deputy Chairman of the Supervisory Board) and Mr. Hannes Androsch (Member of the Supervisory Board) of their intention to resign from their positions on the Supervisory Board within a notice period of four weeks. Thus their resignations will take effect at the end of June 2012.                 

1-3/2012

1-3/2011 

Revenues MEUR 46.6 53.2
Operative earnings before interest, tax, depreciation and amortization (EBITDA) MEUR 0.1 3.9
Operative earnings before interest and debt (EBIT) MEUR -2.7 1.5
Earnings before tax (EBT) MEUR -4.3 0.4
Net result after tax MEUR -4.3 0.8
Earnings per share Eurocent -9 3


Indicative Announcement for Financial Reports:
HTI High Tech Industries AG announces that the report on the first quarter 2012 has been published and is available for download under: http://www.hti-ag.

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