Pankl Racing Systems AG
Pankl Racing Systems AG: 1st quarter 2012
Pankl Racing Systems AG / Key word(s): Quarter Results 30.04.2012 07:55 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 - 1st quarter 2012 Kapfenberg, 30 April 2012 - Best quarterly revenues and earnings of our corporate history - Preparation of large projects well underway - Excellent development in European aerospace businessEUR k 2012Q1 2011Q1 CHG Revenues 36,508 29,166 25% EBITDA 6,676 5,578 20% EBIT 4,449 3,542 26% Earnings after tax 2,810 2,366 19% EBITDA margin 18% 19% - EBIT margin 12% 12% - Earnings per share 0.87 0.65 34% Book value per share 19.00 18.70 2%Positive development continues - Revenues +25%, EBIT +26% In the first quarter of the current fiscal year, Pankl Racing Systems AG continued to show an impressive positive development with revenues growing by 25% and EBIT by 26%. Revenues of EUR 36.5m and EBIT of 4.4m represent the best quarterly results since the company's foundation in 1985. The Racing/High Performance segment (+26%) as well as the Aerospace Segment (+18%) showed significant revenues growth. In our seasonally strong quarter, operating earnings developed in accordance with the high capacity utilisation very favourably. EBIT amounted to EUR 4.4m (2011Q1: EUR 3.5m) or 12.2% of revenues. Very favourable development in motor racing and preparations for large projects in the high performance division Q1 is traditionally a seasonally strong quarter for the motor racing business. The Racing/High Performance Segment normally achieves the highest quarterly revenues in Q1. Revenues increased by 26% from EUR 24.7m to EUR 31.2m. All subsidiaries showed a positive revenues development in Q1. Intensified motor racing activities and comprehensive development projects driven by new technology generations in some racing categories are favourable for profitability in this segment. In the high performance division, substantial preparation work for large OEM projects caused expenses which burdened the segment results. In Q1, segment EBIT amounted to EUR 3.7m or 12.0% of revenues (2011Q1: 3.3m). Excellent order book in civil helicopter division In the first quarter of the current fiscal year, the Aerospace Segment showed an exceptional development both in terms of revenues and earnings. Revenues increased by 18% from EUR 4.6m to EUR 5.4m, EBIT improved over proportionally from EUR 0.1m to EUR 0.5m. The US aerospace subsidiary continued to show a very stable development. The European aerospace subsidiary showed a significant improvement with the validation of new components leading to an increase in revenues. Excellent order books suggest a sustainable continuation of the positive development in the Aerospace Segment. Outlook CEO Wolfgang Plasser: 'We expect a continuation of the positive developments for some time to come as we see full project pipelines in all business divisions and have received major new long term orders. Substantial capex programmes in Bruck and Kapfenberg provide the capacities and technological base for our foreseeable further growth.' The 2011Q1 financial report is available on http://www.pankl.com/Financial-Statements.485.0.html from 14 May 2012. For further information: Investor Relations Brigitte Putz Tel.: +43 3862 33 999 317 e-mail: ir@pankl.com Internet: www.pankl.com 30.04.2012 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 -317 Fax: +43 3862 33 999 -810 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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