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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