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. --------------------------------------------------------------------------- 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 Managements 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 AGs 10-year anniversary, and Management is counting on the Companys 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 --------------------------------------------------------------------------- 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 ---------------------------------------------------------------------------
DGAP-News: HWA AG preliminary results for 2007: Revenues plus 7%; EBIT up by 30%
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