Pankl Racing Systems AG
Pankl Racing Systems AG: 2012Q1-Q3
Pankl Racing Systems AG / Key word(s): Quarter Results 02.11.2012 08:00 Dissemination of an Ad hoc announcement, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Pankl Racing Systems AG - 2012Q1-Q3 Kapfenberg, 2 November 2012 - 2012Q1-3 revenues increased by 22% - 2012Q1-3 EBIT increased over proportionally by 40% - 2012Q3 developed in accordance with expectations - Major capital expenditure programme mostly finalisedEUR k 2012Q1-Q3 2011Q1-Q3 CHG 2012Q3 2011Q3 CHG Revenues 96,789 79,088 22% 28,088 24,169 16% EBITDA 14,764 11,557 28% 3,138 2,710 16% EBIT 7,727 5,533 40% 705 685 3% Earnings after tax 4,440 3,283 35% 6 403 -99% EBITDA margin 15% 15% - 11% 11% - EBIT margin 8% 7% - 3% 3% -In 2012Q3, consolidated revenues of the Pankl Group increased by EUR3.9m or 16% to EUR28.1m (2011Q3: EUR24.2m). Both segments, Racing/High Performance and Aerospace, achieved higher revenues. In 2012Q1-3, revenues increased by 22.4% to EUR96.8m (2011Q1-3: EUR79.1m). In the third quarter, EBIT amounted to EUR0.7m and was stable versus the same period last year. In the first 9 months of the fiscal year 2012, EBIT increased by 39.7% to EUR7.7m or 8.0% of revenues (2011Q1-3: EUR5.5m or 7.0% of revenues). This was mainly due to the positive developments in the first 2 quarters. Racing/High Performance In 2012Q3, revenues increased by 14.6% to EUR22.3m (2011Q3: EUR19.5m). In the first 9 months of the fiscal year 2012, revenues amounted to EUR80.0m versus EUR65.6m in the same period last year, which corresponds to an increase of 22.0%. EBIT was improved from EUR4.8m to EUR5.7m despite expenses to integrate the crank shaft company. Aerospace The Aerospace Segment continued to show a very favourable development both in terms of revenues and profits. In 2012Q3, revenues increased by 22.4% from EUR4.8m to EUR5.9m, EBIT was nearly doubled to EUR0.8m (2011Q3: EUR0.5m). In 2012Q3, revenues development in the US aerospace subsidiary was stable, revenues in the Austrian aerospace subsidiary continued to grow strongly and increased by more than 50%. In the first 9 months of the fiscal year 2012, revenues increased by 24.2% to EUR17.0m (2011Q1-3: EUR13.7m) and EBIT improved from EUR0.8m or 5.7% of revenues to EUR2.1m or 12.4% of revenues. Outlook CEO Wolfgang Plasser: 'As expected, the enormous growth momentum slowed down somewhat in Q3 to a year-on-year growth rate of 16%. For the fiscal year 2012, I expect revenues growth of 20%. We are hence still in the midst of the strongest growth phase in our corporate history. In Q3, most of our capital expenditure projects were completed according to plan, so that we can bring online new capacities in Q4. This shall allow us to execute our strong order book in an orderly fashion in 2013.' The interim report for the first 9 months of the fiscal year 2012 is available from 19 November 2012 on http://www.pankl.com/Finanzberichte.485.1.html. For further information: Brigitte Putz Investor Relations Tel.: +43 3862 33 999 317 e-mail: ir@pankl.com Internet: www.pankl.com 02.11.2012 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Pankl Racing Systems AG Industriestraße West 4 8605 Kapfenberg Austria Phone: +43 3862 33 999 -0 Fax: +43 3862 33 999 -181 E-mail: ir@pankl.com Internet: www.pankl.com ISIN: AT0000800800 WKN: 914732 Listed: Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart; Open Market in Frankfurt; Wien (Amtlicher Handel / Official Market) End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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