bericht_1quartal_0809_engl

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1 st Quarter 2008/09 HIRSCH Servo Group Despite the difficult market environment, the HIRSCH Servo Group reports an improvement in the revenue figures for the first quarter 2008/09 compared with the first same period in fiscal year 2007/08. The EPS Processing business segment in particular succeeded in continuing its growth curve, achieving higher sales and an improvement in operating profit (EBIT). Sales revenue in the Technology business segment was higher than the first quarter of the previous year, but has not yet had a positive impact on the operating profit. The Logistics business segment did not yet generate any income in the first quarter. EBIT as a whole rose 19% to e 0.68 million (previous year: e 0.57 million) and POA (profit on ordinary activities) improved to e – 0.50 million (PY: e – 0.57 million). Sales showed an increase of 19% to 27.6 million (PY: e 23.1 million). Profit after tax was up 21% to e – 0.33 million (PY: e – 0.42 million). The balance sheet profit was e 11.03 million (June 30, 2008: e 11.36 million). The equity ratio was down slightly to 22.7% (June 30, 2008: 23.0%). In the period under review, cash flow from operating activities of e 1.96 million (PY: e – 4.1 million) was achieved. Profit and sales trends 1 st Quarter 1 st Quarter Change 2007/08 2008/09 in % in e mill. in e mill. Sales 23.1 27.6 19 ■■ EPS Processing business segment (■ EPS Packaging / ■ EPS Insulation) 20.4 24.1 18 ■ Technology business segment 2.7 3.5 30 ■ Logistics business segment 0.0 0.0 – Other activities 0.0 0.0 – EBIT 0.57 0.68 19 ■■ EPS Processing business segment (■ EPS Packaging / ■ EPS Insulation) 1.18 1.66 41 ■ Technology business segment – 0.57 – 0.58 – ■ Logistics business segment – 0.04 – 0.41 – Other activities 0.00 0.00 – POA – 0.57 – 0.50 – ■■ EPS Processing business segment (■ EPS Packaging / ■ EPS Insulation) 0.18 0.74 311 ■ Technology business segment – 0.71 – 0.81 – ■ Logistics business segment – 0.04 – 0.43 – Other activities 0.00 0.00 – Employees (annual average) 704 725 3 2 Report on the First Quarter 2008/09 Hirsch Servo
1 st Quarter 2008/09 HIRSCH Servo Group At the reporting date September 30, 2008, the HIRSCH Servo Group employed 736 people (PY: 718). The annual average rose to 725 employees (PY: 704) with the increase entirely in EPS Processing. Given the lack of contributions to operating profit last year, the HIRSCH Servo Group invested some e 1.1 million in the period under review, which was substantially less than in the same period the previous year (PY: e 3.3 million). The focus lay on investments in Austria and Slovakia. Changes did not occur in the contingent liabilities and contingent claims shown in the 2007/08 annual report. The quarterly report meets the requirements of IAS 34. In addition, the same accounting practices and valuation methods were used as for the 2007/08 annual report. No events of particular significance occurred after the reporting date that would have led to a different portrayal of the net assets, financial position and results of operations. The quarterly report was not checked by the auditor. Outlook From today’s point of view, the management expects EBIT of e 5.0 million for the current fiscal year 2008/09 and consequently results that build on the performance already shown. Given the fact that meeting projected targets depends to a great extent on our project business, we wish to stress that on the basis of the information currently available we expect to deliver the forecasted results despite the effects of the financial crisis. However, in view of the global economic downturn, which in our opinion will affect all sectors of industry in the medium term and not therefore lead to any improvements in the market environment for the HIRSCH Servo Group, we cannot predict the actual course of business activities. On the basis of our new and energy-saving products in the pipeline, such as the mobile satellite plants, pallet manufacturing facilities and a facade panel consisting of a shape-molded part, and our good strategic positioning in Eastern Europe, our Group with its four business segments (EPS Packaging, EPS Insulation, Technology, Logistics) has attractive potential for the future. 3 Report on the First Quarter 2008/09 Hirsch Servo
Page 1: Hirsch Servo Report on the First Qu
Page 5 and 6: TechnologY 1 st Quarter 2008/09 Tec
Page 7 and 8: Balance Sheet Assets 30. 6. 2008 30
Page 9 and 10: Statement of Capital and Reserves 7
Page 11: Capital Market Information Financia

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