Binder+Co Aktiengesellschaft

EANS-Information of Significance: Binder+Co Aktiengesellschaft
Q1/2015 - Improvements in all group key indicators

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3-month report


Press release / Main company information 

Gleisdorf, 13 May 2015

Binder+Co Group Q1/2015 – Improvements in all group key indicators 

As compared to the previous year, in the first quarter of 2015 Binder+Co, the
Gleisdorf-based, international specialist for processing, environmental and
packaging technology, was able to register a slight improvement in all its group
key indicators. The Binder+Co management therefore assumes that sales revenues
and income for the year as a whole will be higher than the values for 2013 and

The positive trend with regard to Binder+Co order intake that has been apparent
since the middle of 2014 continued in the first quarter of 2015 due to the more
favourable market climate in the USA and intensive marketing activities in
Europe. All in all, in Q1/2015, Binder+Co acquired new orders worth EUR 21.52
million and thus surpassed the figure for the comparable period of 2014 by 9.3%.

Karl Grabner, from the Binder+Co. Management Board: “With sales revenues of EUR
21.09 million in the first quarter of 2015, we are 26% up on the past year and
have been able to turn negative EBIT of minus EUR 0.74 million into a positive
figure of EUR 0.35 million. Especially pleasing however is the order situation
and thus our medium-term outlook. As at 31 March 2015, our order backlog stood
at EUR 58.23 million and on the basis of the roughly EUR 29.5 million of
relevance to 2015, it is our declared aim to raise both sales revenues and
income to levels above those of 2013 and 2014.” 

The strengths of the Binder+Co Group – Three different segments
Sales revenues in the Processing Technology Segment, which covers the screening,
wet processing, drying and comminution areas amounted to EUR 8.54 million, which
represented a 40.5% share of total sales. The 7% decline in sales revenues as
compared to the preceding year can be traced to the fact that no large-volume
plant projects were cleared in the first quarter of 2015. As was the case last
year, segment EBIT was negative at minus EUR 0.46 million and once again this
related to the losses made by the subsidiaries allocated to the segment, which
in 2015 still failed to develop as anticipated. Order intake at EUR 9.18 million
was 9% lower than in the previous year.  

Sales revenues in the Environmental Technology Segment, which focuses on sorting
machines for glass, paper and plastics recycling, were a notable 29.2% up on
those of the previous year at EUR 5.22 million. Nonetheless, segment EBIT
remained slightly negative at minus EUR 0.10 million owing to weaker result
margins on the plant projects undergoing completion. The bulk of order intake of
EUR 6.70 million, which was higher than in the preceding year, consisted of
strong single machines, spare parts and services business.

The Packaging Technology Segment, which is managed by the independent subsidiary
Statec Binder GmbH, showed the best development, more than doubling its sales
revenues in the first quarter of 2015 as opposed to the comparative period of
2014 to EUR 7.33 million. The segment’s EBIT contribution also rose by EUR 0.12
million to EUR 0.91 million, while at EUR 5.64 million, order intake remained at
the level of Q1/2014.

Workforce slightly larger
Workforce numbers as at 31 March 2015 totalled 378, having risen marginally from
the 2014 year-end figure of 373. This was due largely to the strengthening of
the sales structures in all group companies.
The long-term investment programme at group headquarters in Gleisdorf was
largely completed in 2014. Therefore, at EUR 0.74 million (Q1/2014: EUR 1.69
million), Binder+Co Group investments in Q1/2015 were considerably lower than in
the comparable period of 2014.  

The Binder+Co Group
Binder+Co is a specialist in the field of processing, environmental and
packaging technology and the world market leader in the screening and glass
recycling segments. The company was listed on the Vienna Stock Exchange at the
end of 2006 and is now part of the Third Market in the mid market segment. The
Binder+Co Group consists of Binder+Co AG, the three fully owned subsidiaries
Comec-Binder S.r.l., Bublon GmbH and Binder+Co Machinery (Tianjin) Ltd., as well
as the Statec Binder GmbH joint venture (50.7%). 

Further inquiry note:
Karl Grabner, Member of the Board
Telephone: +43/3112/800-363 

end of announcement                               euro adhoc 

issuer:      Binder+Co Aktiengesellschaft
             Grazerstraße  19-25
             A-8200 Gleisdorf
phone:       +43 3112 800-363
FAX:         +43 3112 800-320
sector:      Machine Manufacturing
ISIN:        AT000BINDER3
indexes:     mid market
stockmarkets: Third Market: Wien 
language:   English

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