POLYTEC HOLDING AG

Results for the first half 2014

Half-yearly financial report according to article 87 section 1 BörseG

Hörsching (pta008/06.08.2014/08:00) - POYLTEC GROUP's total sales increased by 2.4% to EUR 238.5 million in the first half 2014. Sales in the passenger car business segment rose by 9.8% to EUR 156.4 million. All POLYTEC GROUP's relevant customers for series production - VW Car, BMW Group as well as DAIMLER Car - contributed to this increase. In the commercial vehicle area, sales dropped by 10.6% to EUR 59.0 million mainly due a reduction of call-off orders by DAIMLER Truck. In the case of this customer, a decline in sales of 40% was registered in the period under review due to a partial model change (EURO 5 / EURO 6), which requires a considerably lower amount of components supplied by the POLYTEC GROUP, as explained in the interim report for the first quarter 2014. Group EBIT decreased by 8.2% to EUR 9.0 million in the first half 2014. Both the materials and personnel ratios remained at the previous year's level. However, including costs for leased staff, which are shown in other operating expenses, the personnel ratio increased by 0.8 percentage points in the first half of the year. EBIT margin amounted to 3.8% in the first half 2014 (H1 2013: 4.2%). This deterioration in results is mainly attributable to low levels of productivity in single production plants as well as to an increase in other operating expenses as a result of the afore-mentioned intensified use of leased staff along with considerably higher maintenance expenses. The tax ratio of the POLYTEC GROUP amounted to 19.2% at the end of the period under review. This corresponds to an increase of 1. 2 percentage points compared to the previous year. The tax ratio for the full year 2013 was 21.5%. All in all, the POLYTEC GROUP reported a net result of EUR 6.9 million in the first half 2014. This corresponds to earnings per share of EUR 0.30.

Outlook

For the full year 2014, the POLYTEC GROUP's management expects a stable operating performance. Group sales and the operating result are expected to match the level in 2013. For the coming years, POLYTEC GROUP expects sales growth mainly driven by organic expansion in the injection molding area based on the production of complex engine and engine compartment components. This should also lead to an improvement of the overall results' quality.

web publication: http://www.polytec-group.com/group/upload/files/Publications/2014/Q22014E.pdf publication date: 06.08.2014

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emitter: POLYTEC HOLDING AG address: Polytec-Straße 1, 4063 Hörsching country: Austria contact person: Manuel Taverne phone: [phone] e-mail: [e-mail] website: www.polytec-group.com

ISIN(s): AT0000A00XX9 (share) stock exchanges: official trade in Vienna

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