Corporate | 15 November 2007 08:45
H.P.I. Holding AG / Interim Report
Release of a Corporate News, transmitted by DGAP - a company of EquityStory
AG.
The issuer / publisher is solely responsible for the content of this announcement.
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H.P.I. Holding AG:
Letter to Shareholders – First 9 Months of 2007
+++ International growth of the wholly-owned subsidiaries Zimmer + Kreim
and the Berger Group
+++ Zimmer + Kreim increases sales by 70 percent to EUR 10.66 million
+++ Berger Group achieves sales growth of 10 percent to EUR 34.32 million
Munich, November 15, 2007: In its shareholder letter, H.P.I. Holding AG
(WKN (security identification number): 600190; ISIN: DE0006001902) is
reporting on the business developments and the unconsolidated figures of
its two wholly-owned subsidiaries for the first 9 months of the 2007 fiscal
year.
In the first nine months of the 2007 fiscal year, the wholly-owned
subsidiary Zimmer + Kreim, a developer and manufacturer of eroding
machines, handling systems, and software solutions, achieved a sales
increase of EUR 4.29 million or nearly 70 percent to a total of 10.66
million compared to EUR 6.37 million during the same period last year. The
leading global provider in the niche market for software-operated,
networked, automated eroding machines and handling systems also
significantly increased its EBIT by nearly 40 percent. Compared to the
first nine months of the 2006 fiscal year, EBIT increased from EUR 0.19
million to EUR 0.26 million.
The Berger Group, the second wholly-owned subsidiary, was able to increase
net sales for the first nine months of the 2007 fiscal year by
approximately 10 percent or more than EUR 3 million, to a total of EUR
34.32 million. The producer of clamping rings and components used to seal
all types of barrels was also able to further secure and expand its 70%
European market share. Due to the price war with competitors – which was a
conscious decision – the EBIT of EUR 1.75 in the first nine months of 2007
was slightly lower than the EBIT of EUR 1.79 million during the first nine
months of 2006.
'Both subsidiaries are developing extremely well – especially on an
international level. At Zimmer + Kreim, our high-quality product portfolio
and our know-how was once again a decisive factor that allowed us to
recently add another major Asian customer, omni industries, in addition to
the third order from SAMSUNG. We are planning to expand our global
leadership position in the system solutions and automation field by adding
additional customers, and to gradually increase the export quota from 30 to
50 percent. For the Berger Group, our focus is on securing and expanding
the 70% European market share. We are convinced that the intensity of the
price war will decrease over the medium term and that we will emerge from
this period as an even stronger market leader. New markets that are being
developed by expanding the range of applications are creating a potential
for additional sales and increased profitability for the Berger
Group,'emphasises Jörg Rafael, CEO of H.P.I. Holding AG.
The Chairman
About H.P.I. Holding AG:
H.P.I. Holding AG focuses on acquiring majority stakes in specialised SME
manufacturing companies. The holding invests in SME niche operators, which
have established a leading position in their respective market segment. The
value of these companies is to be increased by strategically developing
them in a long-term commitment and by introducing know-how in the fields of
controlling, cost management, investment, finance and expansion. Currently
H.P.I. Holding AG holds two major stakes. These include August Berger
Metallwarengabrik GmbH – a European market leader in the field of clamping
rings which are mainly used to seal barrels – and Zimmer & Kreim GmbH & Co.
KG – a developer and manufacturer of eroding machines, handling systems and
software solution for the tooling and injection-moulding industries. Zimmer
& Kreim is the technological world leader in the segment systems providers,
i.e. networking eroding machines and handling systems with software. H.P.I.
Holding AG is listed on the Open Market of the Frankfurt Stock Exchange.
Company contact:
H.P.I Holding AG
Mannhardtstrasse 6
D-80538 München
www.hpi-holding.de
Phone: +49 (0)89 - 45 22 098 - 0
Fax: +49 (0)89 - 45 22 098 - 22
info@hpi-holding.de
Investor relations contact:
GFEI Gesellschaft für Effekteninformationen mbH
Carl Bosch Haus
Hamburger Allee 26-28
60486 Frankfurt am Main
www.gfei.de
Phone: +49 (0)69 - 743 037 - 00
Fax: +49 (0)69 - 743 037 - 22
ir-hpi@gfei.de
15.11.2007 Financial News transmitted by DGAP
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Language: English
Issuer: H.P.I. Holding AG
Mannhardtstr. 6
80538 München
Deutschland
Phone: 089 / 45 22 098 - 0
Fax: 089 / 45 22 098 - 22
E-mail: info@hpi-holding.de
Internet: www.hpiholding.de
ISIN: DE0006001902
WKN: 600190
Listed: Open Market in Frankfurt
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