POLYTEC HOLDING AG: Results 3rd quarter 2017

Hörsching (pta009/07.11.2017/08:27 UTC+1) .
+ Group sales rose by 5.4% to EUR 508.0 million, in the first nine months of 2017
+ EBITDA increased by 20.4% to EUR 63.9 million, EBITDA margin 12.6%
+ EBIT went up 28.4% to EUR 43.4 million, EBIT margin 8.5%
+ Earnings per share rose from EUR 1.00 to EUR 1.38
+ Equity ratio was 3.6 percentage points up at 41.5% since 31 December 2016

In the first three quarters of 2017, the consolidated sales of the POLYTEC GROUP rose by 5.4% to EUR 508.0 million (Q1-Q3 2016: EUR 481.9 million). The period from January to September witnessed considerably increases in tooling and engineering revenues. This positive trend, which in the medium-term will lead to additional part and other sales, was spread across the entire POLYTEC GROUP and related to both the passenger car and commercial vehicle market areas.

Group EBITDA in the first nine months of 2017 amounted to EUR 63.9 million, which represented growth of 20.4% and was therefore clearly above the level of the same period of the previous year (EUR 53.1 million). The EBITDA margin increased from 11.0% to 12.6% and in the first three quarters of 2017, POLYTEC GROUP EBIT was raised by 28.4% to EUR 43.4 million (Q1-Q3 2016: EUR 33.8 million).

The EBIT margin also improved by 1.5 percentage points to 8.5% (Q1-Q3 2016: 7.0%). The income figures in the third quarter of 2017 were below those of the same period of the previous year due mainly to a substantial rise in tooling and engineering sales, which offer significantly lower margins than those derived from parts.

In the period from January to September 2017, the POLYTEC GROUP generated a net profit of EUR 31.0 million, which was EUR 8.5 million, or 38.2%, higher than the comparable figure for 2016. Earnings per share rose from EUR 1.00 to EUR 1.38.

As compared to the same period of the previous year, during the first three quarters of 2017 sales in the passenger car market area, which with 64.8% represents the strongest area within the POLYTEC GROUP, were up by around 4.0% at EUR 329.2 million (Q1-Q3 2016: EUR 316.6 million). Sales in the commercial vehicles market area (24.0%) during the months from January to September 2017 were also notably higher than in the same period of 2016, increasing by 12.8% to EUR 121.7 million. Sales in the non-automotive market area (11.2%) remained stable at the level of the comparable period of 2016.

The equity ratio as at 30 September 2017 rose 3.6 percentage points to 41.5% compared to the balance sheet date at 31 December 2016. As opposed to the balance sheet date of 31 December 2016, net debt was EUR 14.7 million higher at EUR 83.7 million and therefore remained stable at the level contained in the consolidated balance sheet from 30 June 2017, which amounted to EUR 82.0 million.

At the end of the third quarter 2017, POLYTEC GROUP workforce numbers (including leasing personnel) had risen by 6.7%, or 286 employees, totalling 4,547 full-time equivalents.

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 continues to foresee slight growth in both group sales and operating results in the 2017 financial year.

The interim report Q3-2017of POLYTEC Holding AG for the reporting date 30 September 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

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Emitter:	POLYTEC HOLDING AG Polytec-Straße 1 4063 Hörsching Austria
Contact Person:	Mag. Paul Rettenbacher
Phone:	+43 7221 701 292
E-Mail:	paul.rettenbacher@polytec-group.com
Website:	www.polytec-group.com
ISIN(s):	AT0000A00XX9 (Share)
Stock Exchange(s):	Vienna Stock Exchange (Official Trade)