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Monday 24 November, 2008

BAVARIA Industriekapital AG

BAVARIA Industriekapital AG continues growth an...

Corporate news announcement processed and transmitted by Hugin AS.
The issuer is solely responsible for the content of this 

* Group turnover up by 30% to EUR 376 million
* Consolidated net income during the first nine months of 2008
  increases to EUR 28 million
* Financial resources add up to EUR 61 million

  Munich, 24 November 2008: Compared to the previous year, the
  turnover rose by 30% to EUR 376 million and the consolidated net
  income during the first nine months of 2008 was EUR 28 million
  (previous year EUR 2 million). The operating income of the
  affiliated companies before depreciation and amortization (EBITDA)
  improved to almost EUR 19 million (previous year EUR 12 million).
  The affiliates Kienle + Spiess Group and Fonderie du Poitou
  Aluminium contributed a total of EUR 20 million to the results of
  the first nine months.

  The financial resources of the group rose to EUR 61 million,
  despite outflows for dividend payments 2007 and share buybacks in
  an aggregate amount of EUR 21 million. Overall, an additional EUR 2
  million have been used for share buybacks since the end of the 2007
  financial year, the share buyback program will be continued within
  the scope of the existing approval of the annual shareholder

  Notwithstanding the tense economic conditions, the Executive Board
  expects another increase in profits during the fourth quarter.
  Amongst others, one positive factor marks the rapid success of the
  restructuring efforts at the newly acquired companies Xenterio and
  Faral; after several years of losses, they made a positive earnings
  contribution for the first time with EUR 1 million in the third
  quarter. By virtue of the traditionally stronger output in the
  fourth quarter, the industrial holding company also expects a
  stronger performance increase for the majority of affiliates in the
  plant engineering sector. A pronounced earnings decline is however
  foreseen at the French affiliate Fonderie du Poitou Aluminium in
  the serial manufacturing / automotive sector as a result of the
  major slump in the local automotive market.

  The Executive Board has a very positive assessment of the market
  for making new acquisitions at attractive terms: "Our solid
  financial position and excellent reputation which we established in
  restructuring and revitalizing about twenty companies by now are
  especially helpful for this," explains Reimar Scholz, the CEO of
  BAVARIA Industriekapital AG.

  BAVARIA Industriekapital AG is an industrial holding company which
  acquires companies with a weak earnings position throughout Europe.
  By means of an active restructuring and rehabilitation management,
  it ensures the long-term business performance of the acquired
  companies. Comprehensive experience and the know-how of its
  employees allow BAVARIA Industriekapital AG to lead even companies
  in difficult industry sectors back into the black. The majority of
  the stock of BAVARIA Industriekapital AG is family-owned and the
  company has been listed in the Entry Standard All Share Index of
  Deutsche Börse since 2006. Currently, BAVARIA Industriekapital AG
  has stakes in eight companies and employs a total of about 3,000
  people. In 2007, the turnover of the group amounted to EUR 410
  million. BAVARIA Industriekapital's net income for the year was EUR
  23 million.

  For additional information about BAVARIA Industriekapital, please
  visit our website at

  We would be pleased to answer any further questions you may have:

  BAVARIA Industriekapital AG
  Svea Strohm
  Bavariaring 24
  80336 München

  Phone: + 49 - (0)89/ 72 98 967-0
  Fax: + 49 - (0)89/ 72 98 967-10
  Email: [email protected]

--- End of Message ---

BAVARIA Industriekapital AG
Bavariaring 18 München Germany

260555; ISIN: DE0002605557; 
Listed: Entry Standard in Frankfurter Wertpapierbörse, Freiverkehr in 
Bayerische Börse München, 
Freiverkehr in Börse Berlin, Freiverkehr in Börse Düsseldorf, 
Freiverkehr in Börse Stuttgart, Freiverkehr in Hanseatische 
Wertpapierbörse zu Hamburg, 
Freiverkehr in Niedersächsische Börse zu Hannover;


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