Pankl Racing Systems AG

Pankl Racing Systems AG 2015 Q1

Adhoc announcement according to article 48d section 1 BörseG

Kapfenberg (pta008/04.05.2015/08:05) - 2015 Q1 4 May 2015

Revenues nearly unchanged compared to last year In Q1, F1 business returned to normal levels Second best operating earnings in corporate history Exceptionally good financial results due to EUR/USD exchange rate development Record results after tax

in TEUR , Q1 2015 , Q1 2014 , VDG Revenues , 46.719* , 46.802 , -0,20% EBITDA , 8.174 , 8.951 , -9% EBIT , 4.839 , 6.029 , -20% Earnings after tax , 3.977 , 3.877 , 3% EBITDA-Margin , 17% , 19% , - EBIT-Margin , 10% , 13% , - Earnings per share , 1,18 , 1,13 , 4% Book value per share , 26,43 , 22,9 , 15% In 2015 Q1, Pankl Group achieved revenues of Eur46.7m (2014Q1: Eur46.8m). The previous year benefitted both in terms of revenues and earnings from additional F1 demand due to the F1 rule change. This additional demand amounted to 15% of quarterly revenues.

In 2015 Q1, it was planned that the Racing/High Performance EBIT would not reach the record results of the previous year. The Aerospace Segment EBIT remained at about the same level as in the year before. In total, EBIT decreased by 20% from Eur6.0m or 13% of revenues in 2014Q1 to Eur4.8m or 10% of revenues in 2015 Q1.

Net profit after tax exceeded the record results of the previous year because of a for Pankl Group favourable development of the EUR/USD exchange rate and low interest rates. In 2015 Q1, net profit after tax increased by 3% to Eur3,977m.

Outlook CEO Wolfgang Plasser: "In 2014 Q1, we benefitted from a major F1 rule change. In 2015 Q1, this led to a Eur6m revenues shortfall in motor racing, which was, however, compensated by an appropriate increase in high performance segment revenues. In the following quarters, the F1 rule change effect will fade out. Our financial results benefitted significantly from lower refinancing expenses and a favourable foreign exchange development. Hence, for the year as a whole, we expect good results."

The financial report for the first quarter of the fiscal year 2015 is available on the homepage of the company under http://www.pankl.com/fileadmin/user_upload/pankl_Q1_2015_E_WEB.pdf

For further information: Investor Relations Silke Pichler Tel.: [phone] e-mail: [e-mail] Internet: www.pankl.com



(end)

emitter: Pankl Racing Systems AG address: Industriestraße West 4, 8605 Kapfenberg country: Austria contact person: Silke Pichler phone: [phone] e-mail: [e-mail] website: www.pankl.com

ISIN(s): AT0000800800 (share) stock exchanges: official trade in Vienna; open market (free market) in Frankfurt, free market in Stuttgart, free market in Munich, free market in Hamburg, free market in Dusseldorf; open market in Berlin

[ source: http://www.pressetext.com/news/20150504008 ]