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Monday 19 May, 2008

BAVARIA Industriekapital AG

Bavaria Industriekapital AG publishes the first...

Bavaria Industriekapital AG had a good first quarter in 2008 with
increased sales and profits:

The turnover of the group went up by 24% to ¤ 117 million during the
first three months of 2008. The income (EBITDA) of the operating
companies increased to ¤ 4.7 million (from ¤ 0.6 million in the
previous year). The strongest division was the automotive sector with
¤ 7.1 million (previously ¤ 4.8 million), the engineering division
achieved ¤ -0.7 million (previously ¤ - 3.0 million) in the
traditionally weak first quarter and in business services the
earnings were down by ¤ 0.5 million to ¤ -1.7 million due to the
integration of a new acquisition.

The operating income on a group level of ¤ 22.8 million (previously ¤
1.0 million) is distorted by consolidation effects such as the sale
of the Almec S.p.A. in April.

The net cash in the holding has increased by 17% at the end of the
quarter to ¤ 33.3 million and on the group level by 78% to ¤ 71.2
million. The change is mainly due to the sale of Almec S.p.A. and the
acquisition of Xenterio GmbH in January 2008. The management views
the increased net cash as an important indicator for its success in
improving the profitability of the acquired companies.

BAVARIA Industriekapital AG's 2007 group revenues were EUR 410
million, with a net result of EUR 23 million for the holding. The
company is listed in the Entry Standard on the Frankfurt Stock
Exchange. Headquartered in Munich, the group invests in companies
with strong market positions and the potential to improve profits.

For further information please contact:

BAVARIA Industriekapital AG
Frau Svea Troester
Investor Relations
[email protected]
Tel +49 (0)89 7298 967 - 0


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