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MELDUNG VOM 10.08.2017 08:40
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POLYTEC HOLDING AG: Results 1st half-year 2017

POLYTEC Interim half-year Report H1 2017
[ PDF ]

Hörsching (pta011/10.08.2017/08:40) - -
+ Group sales rose by 6.7% to EUR 348.3 million
+ EBITDA increased by 36.6% to EUR 45.1 million, EBITDA margin 12.9%
+ EBIT went up 54.4% to EUR 31.3 million, EBIT margin 9.0%
+ Earnings per share rose from EUR 0.57 to EUR 1.01

In the first six months of 2017, the consolidated sales of the POLYTEC GROUP rose by 6.7% to EUR 348.3 million (H1 2016: EUR 326.3 million). Revenues from parts and other sales from serial production, tooling and engineering were all higher than in the comparable half-year of 2016.

Group EBITDA in the first half of 2017 amounted to EUR 45.1 million, which represented growth of 36.6% and was therefore considerably above the level of the same period of the previous year (EUR 33.0 million). The EBITDA margin increased from 10.1% to 12.9% and in the first six months of 2017, POLYTEC GROUP EBIT was raised by 54.4% to EUR 31.3 million (H1 2016: EUR 20.3 million). The EBIT margin also improved by 2.8 percentage points to 9.0% (H1 2016: 6.2%).

In the first six months of 2017, the POLYTEC GROUP generated a net profit of EUR 22.6 million, which was EUR 9.6 million, or 74.2%, higher than the comparable figure for 2016. Earnings per share rose from EUR 0.57 to EUR 1.01.

As compared to the same period of the previous year, sales in the passenger car market area, which with 65.4% represents the strongest area within the POLYTEC GROUP, were up by around 5.9% at EUR 227.6 million (H1 2016: EUR 215 million). Sales in the commercial vehicles market area (24.4%) during the period from January to June 2017 were also notably higher than in the same period of 2016, increasing by 14.6% to EUR 85.0 million. Sales in the non-automotive market area (10.2%) fell by 3.8% to EUR 35.7 million and were therefore slightly lower than in the successful, comparable period from January to June 2016.

As compared to the 31 December 2016 balance sheet date, by the end of the first half of 2017, the group's total assets were up by EUR 14.1 million at EUR 515.5 million. In spite of a dividend payment at the end of May 2017 of around EUR 8.8 million (2016: EUR 6.6 million), the equity ratio rose by 1.4 percentage points to 39.3%.

At EUR 82.0 million, net debt was EUR 12.1 million higher than on the 31 December 2016 balance sheet date, which was due largely to the dividend payment. Owing to the increase in business volume and seasonal factors, at the end of the first half of 2017, net working capital had risen to EUR 65.9 million and was therefore EUR 25.8 million higher than on 31 December 2016.

Outlook
Based on the assumption of a stable economic situation and positive business development among all its major customers, at a minimum the POLYTEC GROUP executive management foresees slight growth in both group sales and operating results in the 2017 financial year.

The interim half-year report of POLYTEC Holding AG for the reporting date 30 June 2017 is available on the company's website section Investor Relations, Publications, Financial Reports.
http://www.polytec-group.com/en/Investor-Relations/Publications/Financial-Reports

(Ende)

Aussender: POLYTEC HOLDING AG
Polytec-Straße 1
4063 Hörsching
Österreich
Ansprechpartner: Mag. Paul Rettenbacher
Tel.: +43 7221 701 292
E-Mail:
Website: www.polytec-group.com
ISIN(s): AT0000A00XX9 (share)
Börsen: official trade in Vienna
POLYTEC HOLDING AG
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