Pankl Racing Systems AG: Fiscal Year 2012

Kapfenberg (pta006/18.03.2013/07:30 UTC+1) Pankl Racing Systems AG - Fiscal Year 2012
Kapfenberg, 18 March 2013

- Record figures from unconsolidated and consolidated financial statements noted by Supervisory Board
- Publication of annual financial report
- Strongest ever recorded revenues growth of 21% and highest ever absolute revenues of Eur127.7m
- Best recorded operating profit of Eur10.4m
- Largest ever capex programme amounting to Eur25.5
- Highest dividend proposal in corporate history

EURk	2012	2011	CHG
Revenues	127,685	105,396	21%
EBITDA	19,980	15,226	31%
EBIT	10,382	7,023	48%
Earnings after tax	5,942	4,46	33%
EBITDA margin	16%	14%	-
EBIT-margin	8%	7%	-

An exceptional year...
In the past fiscal year, Pankl group recorded both the highest ever revenues growth of 21% and also the highest ever absolute revenues of Eur127.7m in its corporate history. The quarterly development shows that from 2010Q2 onwards, the company experienced 11 consecutive quarters with double digit growth rates. We are also very pleased about the fact that in 2012 all four business divisions (racing engine components, racing drivetrain components, aerospace and high performance) recorded a growth of 20%.
Another highlight was our entry into the strategic important turbo supercharger market which promises very good growth prospects. In October 2012, we acquired 51% of the German turbo supercharger company APC.
EBIT again improved over proportionally (+48%). We achieved a record EBIT of Eur10.4m.

Record capital expenditure programme
In the fiscal year 2012, we started the largest capital expenditure programme in our corporate history. We spent Eur8m to expand our Bruck upon Mur and Kapfenberg plants. This was necessary due to the high order backlog in the aerospace division and major new projects in the high performance division. We also invested heavily in automisation technology.
In the fiscal year 2014, there will be the next major capital expenditure project. We will need to expand Pankl Schmiedetechnik and implement a new fully automated joining station for Eur6m.

Dividend
At the next AGM to be held on 25 April 2013, the Management Board will propose the payment of a dividend amounting to Eur1.00 per share. Based on 3,150,000 entitled shares, this would translate into a dividend payment of Eur3,150k.

Outlook
CEO Wolfgang Plasser: "2012 was really a special year for Pankl. Despite an adverse economic environment we were able to set a number of new records. I would like to thank all customers and also all our employees to make this happen. In 2013, we will continue to grow but at a slower pace. We will fully focus on the successful execution of the run-up of the numerous new projects."

From today, the annual financial report for the fiscal year 2012 is available on our website under http://www.pankl.com/Financial-Statements.485.0.html.

For further information:
Investor Relations
Brigitte Putz
Tel.: +43 3862 33 999 317
e-mail: ir@pankl.com
Internet: www.pankl.com

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