Pankl Racing Systems AG
Pankl Racing Systems AG: 2011 Preliminary Figures
Pankl Racing Systems AG / Key word(s): Preliminary Results 20.02.2012 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 - 2011 Preliminary Figures Kapfenberg, 20 February 2012 - Revenues grow by 17% - Overproportional EBIT increase of 85%1.1.11- 1.1.10- 1.10.11- 1.10.10- 31.12.11 31.12.10 31.12.11 31.12.10 EUR k 2011 2010 CHG 2011Q4 2010Q4 CHG Revenues 105,396 89,750 17% 26,308 21,622 22% EBITDA 15,226 12,066 26% 3,668 2,250 63% >1 EBIT 7,023 3,798 85% 1,490 178 00% Earnings before 11 >1 tax 5,587 2,598 7% 1,401 -210 00% Earnings after >1 tax 4,460 2,943 52% 1,177 -489 00% EBITDA- margin 14% 13% - 14% 10% - EBIT- margin 7% 4% - 6% 1% -Based on preliminary figures, consolidated revenues increased by 17% from EUR89.8m to EUR105.4m. EBIT increased by an impressive 85% from EUR3.8m or 4% of revenues to EUR7.0m or 7% of revenues. These figures again confirm the sustainable upward trend which the Group experiences. The major factors were the favourable development of the automotive industry resulting in increasing motor racing budgets and intensified motor racing activities. Pankl benefitted from development work with regards to new and existing projects. In addition, there were improvements in the Aerospace Segment. While the US aerospace subsidiary already experienced growth in the military market from the beginning of the year onwards, it took until July 2011 for the Austrian aerospace subsidiary serving the civil market to achieve a turnaround. Outlook CEO Wolfgang Plasser: 'The fiscal year 2011 developed very favourably for Pankl, which was somewhat unexpected given the overall negative economic environment. The momentum of our business improved quarter after quarter. Our current project pipeline is very strong in both the Racing/High Performance Segment and the Aerospace Segment. Hence we expect further revenues growth and EBIT improvement in 2012.' The final figures for the fiscal year 2011 are published on 19 March 2012. For further information: Brigitte Putz Investor Relations Tel.: +43 3862 33 999 317 e-mail: ir@pankl.com Internet: www.pankl.com 20.02.2012 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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