CROSS Industries AG

Record earnings in the first three quarters of 2015

Progress report according to article 87 section 6 BörseG

Wels (pta008/27.11.2015/08:00) - Revenues: 912.8 mEur / + 12% to previous year EBIT: 89.7 mEur / + 19% to previous year Increase of the number of employees: + 429 employees Positive outlook for the end of the business year 2015

Revenues and earnings in the first three quarters of 2015 In the first three quarters of 2015 the CROSS Industries Group achieved revenues in the amount of 912.8 mEur (+12%) after 812.6 mEur in the previous year and an EBIT in the amount of 89.7 mEur (+19%) after 75.5 mEur in the previous year. The group companies achieved the following revenues and operating earnings in the first three quarters of 2015 (in mEur):

, , Revenues , EBIT , , KTM AG , 759.1 , 76.1 , , Pankl Racing Systems AG , 129.6 , 8.0 , , WP AG , 106.2 , 7.3 , Increase of the number of employees: + 429 employees The employee development within the group is very positive. In the first three quarters of 2015 additional 429 employees could be hired in the three group companies, thereof 175 in Austria. As of September 30, 2015 the number of employees amounted to 4,481.

Restructuring of the long-term financing After the merger of CROSS Industries AG had been completed, in July 2015 the long-term financing was restructured and debt capital (with maturities between 5 and 10 years) in the amount of 86.5 mEur was raised. This liquidity mainly served to prematurely repurchase the perpetual bond in the amount of 59 mEur, which had been classified as equity capital until the repayment.

Positive outlook for the end of the business year 2015 For the remaining three months CROSS Industries AG assumes a continuing positive development of the business performance. The current growth rates of revenues and operating earnings are expected to be achieved again in the fourth quarter.

Key figures Earnings figures , , Q1-3 2015 , Q1-3 2014 , Chg.in % Revenues , mEur , 912.8 , 812.6 , 12 EBITDA , mEur , 134.8 , 117.2 , 15 EBIT , mEur , 89.7 , 75.5 , 19 EBITDA margin , in % , 14.8% , 14.4% , - EBIT margin , in % , 9.8% , 9.3% , - Balance sheet figures , , 30.09.2015 , 31.12.2014 , Chg. in % Balance sheet total , mEur , 1,131.7 , 1,031.1 , 10 Equity , mEur , 365.6 , 370.9 , -1 Equity ratio , in % , 32% , 36% , - Net debt , mEur , -440.5 , -315.1 , 40 Gearing , in% , 121% , 85% , - Further information: Investor Relations Michaela Friepeß Tel.: [phone] / 69402 [e-mail]

web publication: http://www.crossindustries.at/index.php/en/ir/berichte/interimreports publication date: 27.11.2015

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emitter: CROSS Industries AG address: Edisonstraße 1, 4600 Wels country: Austria contact person: Michaela Friepeß phone: [phone] e-mail: [e-mail] website: www.crossindustries.at

ISIN(s): AT0000500913 (bond), AT0000820659 (share), AT0000A0WQ66 (bond) stock exchanges: official trade in Vienna; open market (free market) in Frankfurt

[ source: http://www.pressetext.com/news/20151127008 ]