euro adhoc - Meldung

15.01.2008 - euroadhoc / Börse / stock market / Mergers - Acquisitions - Takeovers / Stock Activity
euro adhoc: Polytec Holding AG / Mergers - Acquisitions - Takeovers / POLYTEC GROUP holds roughly 10% of GRAMMER AGs ordinary shares (E)=

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  Disclosure announcement transmitted by euro adhoc. The issuer is responsible
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15.01.2008
Hörsching, January 15, 2008 (VSE: PYT) - POLYTEC GROUP today announced a holding
of 1,006,009 or 9.59% of GRAMMER AGs ordinary shares. GRAMMER AG is listed in
the S-DAX of the Germany Stock Exchange.
GRAMMER AG, a respectable TIER 1 supplier to the automotive industry, and its
business segment Automotive would have, due to its similar customer base and its
complementary product portfolio, a perfect fit to POLYTECs Automotive Systems
Division. The second business segment Seating Systems, with its similar customer
base, would represent an enlargement of POLYTECs current product portfolio to
the commercial vehicle industry. GRAMMER AG currently operates in Europe, North-
and South America as well as in China. Especially the plants Eastern Europe,
America and China represent a high potential for a global positioning of the
POLYTEC GROUP.
The decision for a holding in GRAMMER AG was made after a precise review of the
development of the company and especially its development on the stock market.
Above all the current valuation level of GRAMMER AG was the key driver for
POLYTEC GROUPs current holding in GRAMMER AG.
Further activities can only be made after a first meeting with the management
and the main investors of GRAMMER AG. After that, a decision, whether to
increase our current holding successively or to make a take-over bid, can be
made. With our current knowledge and the actual valuation level a substantial
higher holding and as a result a closer cooperation is definitely aimed and also
desirable.
~
                                 POLYTEC GROUP  GRAMMER AG
                                 1-9/2007       1-9/2007
Sales               in Mill. EUR  467.8          735.1 
EBIT                in Mill. EUR  26.2           26.9 
Net income          in Mill. EUR  18.4           13.0 
                                                
Balance sheet total in Mill. EUR  411.1          501.9 
Equity ratio        in %          34.1           35.9 
Gearing ratio       in %          32.7           49.7 
Employees                         5,498          9,470 
Plants                            28             n/a 
~
POLYTEC GROUP increased sales in the business year 2007 by 27% to 664 Mill. EUR.
Group sales of GRAMMER AG will increase, according to the group outlook given in
the report for the Q3 2007, by 7% - 10% compared to 881 Mill. EUR in 2006.
Information on POLYTEC GROUP:
POLYTEC GROUP is an international well know and accepted developer and producer
of parts, components, modules and systems fort the automotive industry.  Founded
in 1986 by Friedrich HUEMER, in the past 20 years, the company developed from a
producer of industrial plastic part to an automotive systems supplier, who can
offer the complete process chain. Today the companies focus is in producing
parts for the interior- , exterior- and under the hood parts as well as the
production of genuine accessories for the automotive- and commercial vehicle
industry.
The strategy of POLYTEC is based, beside a sustainable organic growth model, on
a selective a acquisition policy. Out of this strategy POLYTEC GROUP sales
increased in the past five years from 265.5 Mill. EUR in 2003 to expected sales
in 2008 of around 800 Mill. EUR. POLYTEC GROUP has approx. 6,600 employees
(incl. leased stuff).  


Further information:
POLYTEC HOLDING AG                              POLYTEC HOLDING AG
Friedrich HUEMER                                Manuel TAVERNE
CEO                                             Investor Relations
Phone: +43 (0) 7221 / 701 - 111                 Phone: +43 (0) 7221 / 701 - 292
investor.relations@polytec-group.com

Further inquiry note:
Manuel Taverne
Head of Investor Relations
 
POLYTEC GROUP
 
POLYTEC HOLDING AG
Linzerstrasse 50, A-4063 Hörsching
Phone: +43-72 21-701-292
Fax: +43-72 21-701-35
emitter:      Polytec Holding AG
              Linzer Straße 50
              A-4063 Hörsching
phone:        +43 (0) 7221 / 701-0
FAX:          +43 (0) 7221 / 701-0
mail:         investor.relations@polytec-group.com
WWW:          www.polytec-group.com
sector:       Industrial Components
ISIN:         AT0000A00XX9
indexes:      ATX Prime
stockmarkets: official market: Wiener Börse AG 
language:     English