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Thielert AG

euro adhoc: Thielert AG
Mergers - Acquisitions - Takeovers
Thielert takes over US aircraft engine manufacturer Superior Air Parts - sharp rise in profits in 2005 - Superior Air Parts to be a key cornerstone of Thielert’s US presence - Net profit in

  Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.
14.03.2006
Hamburg, Germany - Thielert AG is taking over the PMA and aircraft
engine manufacturer Superior Air Parts, Inc. (SAP) based in Coppell
near Dallas in Texas, USA. SAP is the world’s leading producer of
engine spare parts for small aircraft used for general aviation
purposes. The acquisition of Superior Air Parts will enable Thielert
to expand its presence in the USA. Agreement on the take-over of SAP
was reached on the evening of March 13, 2006. The value of the
transaction is said to be around the 10 million US dollar mark, less
than 15 percent of the IPO income earned by Thielert AG last
November.
All SAP products have been licensed by the American licensing
authority FAA (Federal Aviation Administration). SAP is a
longstanding customer of Thielert in the area of aviation engine
components.
Strong economic performance in 2005 - course set for further growth
in 2006 too
The audited year-end financial statements show the following key
data:
as per IFRS 2005 (mil. Euro) 2004 (mil. Euro) Change in %
Sales       37.6             24.2             55.2
EBITDA      16.1             11.3             42.3
EBIT        13.1             8.7              50.9
Net profit  7.7              3.7              106.7
Thielert AG will be publishing its year-end financial statements for
2005 in full on March 27, 2006 as planned.
Outlook
The signs are that the current year will be equally successful with
sales and profits set to enjoy similar growth rates in 2006 as in
2005, whereby any positive contributions to sales and profits from
the SAP acquisition have not yet been taken into account.
Additional information
PMA manufacturer - as a PMA (Parts Manufacturer Approval)
manufacturer, SAP has been certified by the US-American aviation
authority for the production of aircraft engine spare parts.
end of announcement                               euro adhoc 14.03.2006 16:59:27

Further inquiry note:

Sebastian Wentzler
Head of Corporate Communication
Telefon: +49(0)40-696950-35
E-Mail: ir@thielert.com

Branche: Machine Manufacturing
ISIN: DE0006052079
WKN: 605207
Index: SDAX
Börsen: Frankfurter Wertpapierbörse / official dealing/prime standard

Original-Content von: Thielert AG, übermittelt durch news aktuell

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