SIMAC TECHNIEK : Trading update third quarter 2011 | November 08, 2011

Veldhoven, November 8, 2011

Simac Techniek NV of Veldhoven has closed the third quarter of 2011 with a positive result, in line with the half-year results. In the first nine months of 2011, both revenue and operating profit rose compared to the same period in 2010. The net profits for the first nine months of 2011 are also higher.
Revenue in the field of ICT infrastructures was higher, mainly as a result of the completion of a number of large projects. The contract portfolio continued to grow steadily. As investments were and still are made in further growth, the result was comparable to 2010. Some major new and large contracts were secured. Initially, they are expected to put some pressure on the results due to start-up costs.
Revenue at ICT applications also grew. Here, the result is tempered by depreciations on intangible assets that are connected to the takeover of Phobos. Simac is gaining brand awareness on the healthcare market, and parties are highly interested in our solutions in the field of homecare (Vicasa and Sharecare).
In the field of Industrial Electronics and Automation, the results improved thanks to a positive revenue development and a good utilization rate. The market remains changeable.
For the whole of 2011, we stick to our earlier expectation that revenue will rise and that the fourth quarter of 2011 will be less exuberant than the fourth quarter of 2010. A stable progress of this
last quarter in line with the first nine months is likely. This means that operating profit - taking into
account depreciations on intangible assets and start-up costs - is expected to be slightly lower than in 2010. We also expect net profits to remain at a similar level as in 2010, subject to the influence of one-off items.
The Board of Directors of Simac Techniek NV

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For further information and/or questions on this press release, please contact Mr E. van Schagen, CEO of Simac Techniek NV.
Telephone: +31 (0)40 2582700

Simac Techniek NV operates in the field of system integration and services in ICT (information and communication technology) and IE&A (industrial electronics and automation). In geographical terms Simac concentrates on the Benelux countries. Simac achieved in 2010 a revenue of EUR 138 million with 794 employees. Simac's shares are listed on the NYSE-Euronext stock exchange in Amsterdam. This press release is the English translation of the Dutch original. Under all circumstances the Dutch version will be legally binding.