Pankl Racing Systems AG: Strong growth in 2014Q1

Pankl achieves record revenues

Kapfenberg, 9 April 2014 (pta006/09.04.2014/07:45 UTC+2) In 2014Q1, revenues of Pankl Group increased by 26.3% or Eur9.8m to Eur46.8m. This strong growth is mainly due to enormous demand for engine and drive train components driven by the F1 rule changes. On a quarterly basis, the F1 business increased by 67% to Eur12.4m. The biggest gains were generated for turbo super chargers and connecting rods. Apart from F1, we would like to emphasize also the very favourable development of the aerospace business. Q1 revenues increased by 28.6% to Eur6.7m.

Outlook:
CEO Wolfgang Plasser: "Q1 was exceptionally good. As expected, the new F1 rules had a very favourable impact. Our quarterly revenues increased by Eur9.8m, the largest increase in our corporate history. The capital expenditure programme of the last 2 years allowed us to satisfy the enormous demand. We expect a favourable business environment also for the rest of the year. The growth momentum will, however, ease."

The full quarterly report for 2014Q1 will be published on 12 May 2014.

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Emitter:	Pankl Racing Systems AG Industriestraße West 4 8605 Kapfenberg Austria
Contact Person:	DI (FH) Brigitte Putz
Phone:	+43(0)3862 33 999-317
E-Mail:	ir@pankl.com
Website:	www.pankl.com
ISIN(s):	AT0000800800 (Share)
Stock Exchange(s):	Vienna Stock Exchange (Official Trade); Free Market in Berlin, Dusseldorf, Frankfurt, Hamburg, Munich, Stuttgart