DGAP-News: HWA AG – preliminary results for 2007: Revenues plus 7%; EBIT up by 30%

| Source: EQS Group AG EQS Group AG 

HWA AG / Preliminary Results

30.01.2008 

Release of a Corporate-announcement, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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HWA AG – preliminary results for 2007: Revenues plus 7%; EBIT up by 30%

Affalterbach, 30 January 2008 – In its preliminary results for the year
ended 31 December 2007 (HGB basis), motor racing specialist HWA AG is
reporting revenues of EUR 61.7 million (m), an increase of 7.1% in
comparison with the previous year. EBIT for the year amounted to EUR 9.0m
(up 30.4% compared with 2006).

The preliminary results are considerably higher than Management’s original
expectations, which is attributable to the fact that towards the end of the
year revenue from components business was higher than forecast.

The year 2008 marks HWA AG’s 10-year anniversary, and Management is
counting on the Company’s successful performance to continue, with further
increases in revenues and earnings.

HWA AG will publish its final results for 2007 on 2 April 2008.

Contact: 

Hans-Jürgen Mattheis
HWA AG
Benzstraße 8
71563 Affalterbach
Phone: + 49/ (0) 7144/ 8717- 279
Fax: + 49/ (0) 7144/ 8718- 111
ir@hwaag.com
www.hwaag.com


Company profile  HWA AG

HWA AG was founded in 1998 as a spin-off from AMG, which was established in
1967 by Hans Werner Aufrecht as the Mercedes Benz customisation specialist.
Towards the end of 1998 Aufrecht sold a majority interest in AMG Motoren-
und Entwicklungsgesellschaft mbH, as it then was, to Daimler AG. In the
course of the disposal, motor racing, what is today the AMG-Mercedes team
in the German Touring Car Championship (DTM) and parts of the vehicles and
components business was spun off and transferred to HWA AG. The vehicles
and vehicle components business develops and builds exclusive, luxury
sports cars for Daimler AG and Mercedes-AMG GmbH. In addition to its DTM
racing team and the vehicles and vehicle components business, since 2003
HWA has also manufactured and serviced racing engines for the Formula 3
Euroseries and the British Formula 3 Series. HWA AG currently has 224
employees in its Affalterbach works. In 2006 HWA AG had revenues of EUR
57.6 million and EBIT of EUR 6.9 million. Its net profit after interest and
taxes was some EUR 4.2 million. The Company has been listed on the
Frankfurt Stock Exchange in the Entry Standard segment since 19 April 2007.


Disclaimer: 

THIS PRESS RELEASE IS NOT BEING ISSUED IN THE UNITED STATES OF AMERICA AND
SHOULD NOT BE DISTRIBUTED TO UNITED STATES PERSONS OR PUBLICATIONS WITH A
GENERAL CIRCULATION IN THE UNITED STATES. THIS DOCUMENT DOES NOT CONSTITUTE
AN OFFER OR INVITATION TO SUBSCRIBE FOR OR PURCHASE ANY SECURITIES. IN
ADDITION, THE SECURITIES OF HWA AG HAVE NOT BEEN REGISTERED UNDER THE
UNITED STATES SECURITIES LAWS AND MAY NOT BE OFFERED, SOLD OR DELIVERED
WITHIN THE UNITED STATES OR TO U.S. PERSONS.
DGAP 30.01.2008 
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Language:     English
Issuer:       HWA AG
              Benzstraße 8
              71563 Affalterbach
              Deutschland
Phone:        +49 (0)7144 87 17-279
Fax:          +49 (0)7144 87 17-111
E-mail:       ir@hwaag.com
Internet:     http://www.hwaag.com
ISIN:         DE000A0LR4P1
WKN:          A0LR4P
Listed:       Freiverkehr in Berlin, Düsseldorf, München, Stuttgart; Entry
              Standard in Frankfurt
End of News                                     DGAP News-Service
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