POLYTEC HOLDING AG

Results for the third quarter 2014

Progress report according to article 87 section 6 BörseG

Hörsching (pta006/05.11.2014/07:00) - GROUP RESULTS

POYLTEC GROUP's total sales increased by 2.2% to EUR 356.6 million in the first nine months of 2014. Sales in the passenger car business segment showed a positive development also in Q3, rising by 6.6% to EUR 76.4 million in line with the sales performance of the European automotive markets. In the first nine months of the year, passenger car sales increased by 8.9% to EUR 232.8 million. In addition to the favorable development of the series business, which was in line with expectations, new project starts in the Car Styling division also contributed to this increase. In the commercial vehicle area, sales dropped by 18.5% to EUR 27.8 million in Q3 2014, mainly due to reduced call-off orders by Daimler Truck and the effects arising from amendments to the Vehicle Exhaust Emissions Rule carried out towards the end of the previous year. In the first nine months, sales in the commercial vehicle segment dropped by 13.3% to EUR 86.9 million. Group EBIT increased by 25.0% to EUR 4.5 million in Q3 2014 compared to the same period in the previous year. However, Group EBIT in Q3 2013 included one-off restructuring costs totaling EUR 1.2 million related to expenses in connection with the phase-out of garden furniture production at the business site in Ebensee. Group EBIT for the first nine months amounted to EUR 13.5 million, matching the level of the previous year. Both material and personnel ratios remained at the previous year's level in the period under review. This mendable development in results, which was lower than expected like in the previous year, is mainly attributable to low levels of productivity in single production plants as well as to an increase in other operating expenses. EBIT margin amounted to 3.8% in the first nine months of this year (1-9 2013: 3.9%). All in all, the POLYTEC GROUP reported a net result after minority interests of EUR 9.5 million in the first nine months of 2014. This corresponds to earnings per share of EUR 0.43.

OUTLOOK

For the full year 2014, the POLYTEC GROUP's management continues to expect a stable operating performance excluding the effects from the acquisition of the PLASTICS SOLUTIONS division from voestalpine AG. Group sales and the operating result are expected to match the level in 2013. The acquisition of the PLASTICS SOLUTIONS division was announced on October 1, 2014. The closing of the transaction as well as transfer of beneficial ownership is expected by mid November 2014 subject to prior approval by the German antitrust authority. For the coming years, POLYTEC GROUP expects sales growth from the operating business mainly driven by organic expansion in the injection molding area. The acquisition of the PLASTIC SOLUTIONS division is expected to contribute with more than EUR 100 million to POLYTEC GROUP's total sales in 2015. All in all, the company's management anticipates a considerable increase in the operating result (EBIT) in the years to come.

web publication: http://www.polytec-group.com/group/upload/files/Quarterly/2014_Q3_E.pdf publication date: 05.11.2014

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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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