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Thielert AG grows in first quarter 2007

Hamburg (euro adhoc) -

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finances/Interim Report I
The Thielert AG follows continuously the path
of growth in the first quarter of 2006 and shows increasing sales and
profits. In the first three months of the 2007 fiscal year, the group
generated revenue of 16.1 M euros  and, at that level, exceeded the 
revenue of the same quarter of the prior year by 10.0 M euros or 60 
percent. In the "Aircraft Engines" segment, revenues rose by 51 
percent to 9.6 (6.4) M euros. The "Technology & Prototyping" business
area also experienced strong growth recording an increase of 75 
percent to 6.4 (3.7) M euros, thus increasing this segment´s share in
group revenues to 40 (37) percent.
With EBITDA of 3.4 (2.8) M euros, Thielert was able to increase the 
operative performance by 21 percent compared with the first quarter 
of 2006. Earnings before interest and tax (EBIT) amounted to 2.2 M 
euros and, at that level, were up 13 percent on the same period of 
the prior year (1.9 M euros). Business performance resulted in 
earnings before tax of 1.3 M euros (prior year: 1.8 M euros). After 
tax, the group generated a surplus of 0.9 M euros (prior year: 1.1 M 
The key data of the Interim Report as follows:
Sales 2007: 16.1 Mio. Euro
Sales 2006: 10.0 Mio. Euro
Change: +60 percent
EBITDA 2007: 3.4 Mio. Euro
EBITDA 2006: 2.8 Mio. Euro
Change: +21 percent
EBIT 2007: 2.2 Mio. Euro
EBIT 2006: 1.9 Mio. Euro
Change: +13 percent
As already announced at countless international trade show launches, 
the company is pressing ahead with the integration of the 350-PS 
kerosene piston aircraft engine Centurion 4.0 in other aircraft. In 
April 2007, the company received supplemental type certification for 
retrofitting in the Cessna 206 Stationair after receiving the same 
for retrofitting in the Cirrus SR22 in March. "In both cases, 
certification plays an important role in stepping up business 
relations with the two biggest aircraft manufacturers worldwide", 
says Frank Thielert, CEO Thielert AG. As early as March 2007, the 
company was able to announce the certification of the Centurion 2.0, 
the successor of the tried and tested Centurion 1.7 model, in a 
majority of Cessna 172 and in Piper PA28 models. This once again 
considerably increased the sales potential for modern kerosene piston
aircraft engines on the U.S. market and around the globe.
After the first 100 days the new plant in Altenburg is now ready to 
give positive impact on the engine kit deliveries for customers in 
both the aircraft manufacturer and retrofit market segment. All 
assembly stations are put into operation and the plant is integrated 
into the logistical system of the company. With the second quarter 
the output shows an significant increase.
Against this backdrop, the Thielert Group believes it is well on the 
way to achieving the goals it set itself for 2007. The broadened 
customer base, in particular, bodes well for positive development.
The complete Interim Report is available at
end of announcement                               euro adhoc 16.05.2007 10:49:51

Further inquiry note:

Sebastian Wentzler
Head of Corporate Communication
Telefon: +49(0)40/696950-35

Branche: Machine Manufacturing
ISIN: DE0006052079
WKN: 605207
Index: SDAX, CDAX, Prime All Share, Classic All Share
Börsen: Frankfurter Wertpapierbörse / official dealing/prime standard
Börse Berlin-Bremen / free trade
Hamburger Wertpapierbörse / free trade
Baden-Württembergische Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Bayerische Börse / free trade

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