Dr. Hönle AG (WKN 515710), a leading supplier of industrial UV technology publishes the figures for the first quarter of financial year 2005/2006.

Sales revenues earned by the Dr. Hönle Group amounted to T€ 5,569 in the first three months of the 2005/2006 financial year and were 14.2 percent down from the strong first quarter of the previous year. Sales of € 6.5 million were realised in the comparable previous year’s quarter due to the delivery of a larger adhesives order.

Consequently, earnings before interest and taxes (EBIT) declined from T€ 1,366 in the previous year’s quarter to T€ 821 in the current year’s quarter despite a perceptibly improved cost of materials ratio of 34.0 % (previous year: 37.8 %). Earnings before taxes (EBT) were T€ 968 after being T€ 1,521, and the net income for the period amounted to T€ 573 after being T€ 880 in the previous year. Relative to 5.35 million shares of stock, earnings per share thus amounted to € 0.11 after being € 0.16 in the comparable previous year’s period.  

The EBIT margin was at 14.8% in the first quarter of 2005/2006 and net profit on sales came to 10.4 %.

Cash and cash equivalents, consisting of liquid funds, financial assets and treasury stock amount to € 17.9 million, which corresponds to a cash proportion per share of € 3.35 relative to 5.35 million shares of stock.

Outlook:

According to Hönle’s estimates, the investment climate improved in recent months, in particular in Germany. The orders on hand in the first quarter are confirmation of this estimate. The Hönle Group’s orders portfolio at the end of the first quarter was significantly up on the previous year’s level. The Company therefore expects that both sales and earnings in the second quarter will be substantially above those of the previous year’s quarter.

For more information see: www.hoenle.de, Contact: Dr. Hönle AG, Peter Weinert, Lochhamer Schlag 1, 82166 Gräfelfing/Munich, Tel.: 0049-89-85 608-173, Fax: 0049-89-85 608-148, E-Mail: ir@hoenle.de

Dr. Hönle AG is registered in the Prime Standard of the German Stock Exchange.

Sector of industry: appliance manufacture

ISIN: DE0005157101

WKN: 515710

Index: Prime Standard, CDAX, Prime All Share, Technology All Share

Stock exchanges: Frankfurt Securities Exchange on the regulated market and on the OTC markets at the Berlin/Bremen, Hamburg/Hanover, Düsseldorf, Munich and Stuttgart stock exchanges