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30 Kässbohrer suppliers day 1993 First delivery of a machine to Turkey (EMC) 1992 THE APPRENTICESHIP YEARS Portrait: For Friedrich Huemer, the path to the boss of a big group enterprise worth EUR 500 Million was full of trial and tribulation – but it was a straight path: From being an Upper Austrian businessman, he became an European Entrepreneur with a formula for success. POLYTEC ANNUAL REPORT 2006 PORTRAIT
Retailevent 2006 in linz One March morning in 1968 after a sleepless night, Friedrich Huemer made the decision to start his own business. Huemer, at the time, Production and Sales Manager for Sempollan, the polyurethane manufacturer owned by the Semperit subsidiary of SKG, had agreed a date with the management for his departure. “At the time I was not unhappy with my situation as an employee,” he said today, “I earned quite a lot and had opportunities to develop.” The 28 year old who, in the years he ran his department, doubled turnover whilst reducing the sales and production teams, wanted more. “I had the idea of setting up my own business”, Huemer says today. With his knowledge of materials and sales the young polyurethane expert was sure he could create his own powerful business. He became aware that Sempollan, the unloved child of SKG might be for sale and he expressed his interest in buying it. The Managing Director of SKG decided, after a 7 days time for consideration, not to sell. PORTRAIT IPO 2006 – Pressconference 31 The path to independence was indeed a rocky one. In the past twenty years, Friedrich Huemer has created a group of companies with breathtaking dynamism: On the way from being the only employee of a 500,000 Deutschmark company of 1986 to a boss of a group concern with over EUR 500 million in 2006, Huemer created a business which set turnover and performance records each year. In the past 6 years alone turnover has increased sixfold from around EUR 80 million to over EUR 500 million. Today the POLYTEC GROUP employs around 3,700 employees, of which ten percent are based at the Upper Austrian locations of Marchtrenk and Hörsching. Worldwide the group has over 19 production locations. The path to success for the young entrepreneur was rocky – but when it was pursued with single minded ambition it was, at least, straight. The unwritten law. Years later Mr. Huemer discovered why he was never offered the opportunity to buy Sempollan in March POLYTEC ANNUAL REPORT 2006
Page 1 and 2: Polytec AT 0 0 0 0 A 0 0 X X 9 Annu
Page 3: POLYTEC GROUP OVERVIEW NET DEBT IN
Page 7 and 8: CONTENTS Preface of the CEO . . . .
Page 9 and 10: crease in order intake. Unfortunate
Page 11 and 12: Milestone ... NOT STIRRED James Bon
Page 13 and 14: Air vent and cabin roof: One of the
Page 15 and 16: BMW in front The BMW is the largest
Page 17 and 18: CLEAR AND
Page 19 and 20: SOUTH AFRICA S POLYTEC COMPOSITES S
Page 21 and 22: Mr Huemer, rumour has it, that you
Page 23 and 24: customers we do not have enough pow
Page 26 and 27: 22 HOW IS A HEADLINER ACTUALLY PROD
Page 28 and 29: 24 POLYTEC ANNUAL REPORT 2006 REPOR
Page 30 and 31: 26 POLYTEC ANNUAL REPORT 2006 REPOR
Page 32 and 33: 28 REINHARD URMANN is a member of t
Page 36 and 37: 32 POLYTEC Elastoform Building unde
Page 38 and 39: 34 seen the accounts of the trouble
Page 40 and 41: 36 CORPORATE GOVERNANCE The Austria
Page 42 and 43: 38 MEMBERS OF THE SUPERVISORY BOARD
Page 44 and 45: 40 INVESTOR RELATIONS INITIAL PUBLI
Page 46: 42 POLYTEC ANNUAL REPORT 2006 INVES
Page 49 and 50: also important for POLYTEC GROUP, u
Page 51 and 52: Automotive Composites Division UNIT
Page 53 and 54: solvent-free painting systems in 20
Page 55 and 56: FINANCIAL STATEMENTS CONSOLIDATED F
Page 57 and 58: CONSOLIDATED BALANCE SHEET AS OF DE
Page 59 and 60: CHANGES IN SHARE- HOLDERS EQUITY IN
Page 61 and 62: sure of balance sheet silent reserv
Page 63 and 64: 7%). If no independent cash fl ow c
Page 65 and 66: D. EXPLANATORY COMMENTS ON THE CONS
Page 67 and 68: 10. Goodwill Goodwill is allocated
Page 69 and 70: 17. Interest Bearing Liabilities Th
Page 71 and 72: 4. Risk Reporting In the context of
Page 73 and 74: 8. Executive Bodies of POLYTEC HOLD
Page 75 and 76: COST OF ACQUISITION OR PRODUCTION B
Page 77 and 78: OTHERS/ INDUSTRIAL CONSOLIDATION GR
Page 79 and 80: SCHEDULE OF GROUP INVESTMENTS AS OF
Page 81: GLOSSARY ATX PRIME The ATX prime in

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