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REVENUES AND RESULT AT LEVEL EXPECTED

Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.
11.03.2005
At EUR 299.4 m, Group revenues for the financial year 2004 were
somewhat below the figure for the year before (2003: EUR 323.0 m),
owing to the high proportion of individual orders. Despite continued
revenue growth in the US market, in 2004 the Group's revenues were
also adversely affected by the slump in the US dollar, which caused
lower euro amounts to be reported in the consolidated Group accounts.
With EBIT of EUR 13.7 m (2003: EUR 19.2 m), the result was down on
the record figures posted in 2002 and 2003. There was a corresponding
fall in the EBT, from EUR 15.9 m in 2003 to EUR 10.5 m in 2004 - in
the light of current developments in the industry in Europe, an
altogether satisfactory figure.
This reduction in the size of the result is primarily attributable to
the fact that the exceptional major orders of the past two years have
come to an end and been superseded by individual orders. In relation
to their size, individual orders generally cause higher production
costs than major orders, as certain economies of scale - in terms of
both purchasing and manufacturing - no longer apply here.
At EUR 337.0 m (2003: EUR 300.9 m), the volume of new orders taken by
the Group in 2004 was well above the level of the past two years. In
the current financial year, this has led to a gratifyingly high
degree of capacity utilisation, especially at the production
facilities in Austria and the USA. The volume of orders on hand at
the year-end, EUR 226.1 m, was also well above the previous year's
level (2003: EUR 191.8 m).
~
Key figures                    2004 (interim) 2003
Revenues              in EUR m 299.4          323.0
EBIT                  in EUR m 13.7           19.2
EBT                   in EUR m 10.5           15.9
Workforce numbers              1376           1313
Incoming orders       in EUR m 337.0          300.9
Order books at 31.12. in EUR m 226.1          191.8
~
The final figures for the 2004 financial year are to be announced on
April 29, 2005.
end of announcement                    euro adhoc 11.03.2005 07:30:00 

Further inquiry note:

Marlene Schneider

Branche: Machine Manufacturing
ISIN: AT0000922554
WKN: 092255
Index: WBI, ATX Prime
Börsen: Berliner Wertpapierbörse / free trade
Baden-Württembergische Wertpapierbörse / free trade
Wiener Börse AG / official dealing

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