Corporate | 22 August 2008 15:39
H.P.I. Holding AG / Half Year Results
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.
----------------------------------------------------------------------
Letter to shareholders for the first half-year 2008 published
+++ Berger Group’s EBIT reaches EUR 1.4 million, already higher than in the
full financial year 2007
+++ Satisfactory development at Zimmer + Kreim despite investments into
restructuring and
expansion
+++ Positive outlook for the full year 2008 confirmed
Munich, August 22, 2008: H.P.I. Holding AG (WKN: 600190; ISIN:
DE0006001902) is reporting on the positive developments and the
non-consolidated figures for the first half-year 2008 in its Letter to
Shareholders. Both wholly-owned subsidiaries – Berger Gruppe and Zimmer +
Kreim – were able to meet internal expectations.
Berger Group was able to increase earnings before tax (EBT) from EUR 1.2
million in the first half of 2007 to EUR 1.34 million in the first half of
2008, despite sales being at almost identical levels around EUR 23.3
million. This corresponds to an increase of around twelve percent. EBIT in
the reporting period reached EUR 1.40, already beating the full year 2007
EBIT figure. This can be mainly attributed to contractually agreed price
increases in the course of adjustments made for higher materials expenses.
Our second wholly-owned subsidiary Zimmer + Kreim also developed
positively. Even if sales of EUR 5.3 million in the first half of 2008 were
lower than the previous period’s figure of EUR 6.3 million as a result of
now completed work on expanding production capacities, the EBT figure was
only down EUR 0.02 million on the previous period, reaching EUR -0.14
million.
'We are satisfied with the development of both our wholly-owned
subsidiaries. Results at Berger Group in particular reaffirm our
expectations for the full year. At our niche global market leader Zimmer +
Kreim the impacts of the economic slowdown are resulting in longer decision
processes before orders are awarded. Despite the economic development and
one-off expansion investments we are also assuming a positive full year
result. Securing international large-scale orders, like the fourth order
from SAMSUNG we announced recently, underscore the generally positive
outlook for the current financial year,' explains Jörg Rafael, CEO of
H.P.I. Holding AG.
The Management Board
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
Phone: +49 (0)89 - 45 220 980
Fax: +49 (0)89 - 45 220 9822
info@hpi-holding.de
www.hpi-holding.de
Investor relations contact:
GFEI Gesellschaft für Effekteninformationen mbH
Carl Bosch Haus
Hamburger Allee 26-28
60486 Frankfurt am Main
Phone: +49 (0)69 - 74 303 700
Fax: +49 (0)69 - 74 303 722
ir-hpi@gfei.de
www.gfei.de
22.08.2008 Financial News transmitted by DGAP
----------------------------------------------------------------------
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
End of News DGAP News-Service
---------------------------------------------------------------------------