HWA AG

Earnings Release • Aug 18, 2009

News Details

Corporate | 18 August 2009 08:00

HWA AG: revenues up and EBIT stable

HWA AG / Preliminary Results/Half Year Results

Release of a Corporate News, transmitted by DGAP - a company of EquityStory
AG.
The issuer / publisher is solely responsible for the content of this announcement.

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HWA AG: revenues up and EBIT stable

Affalterbach, 18 August 2009 - In its preliminary results for the six
months ended 30 June 2009, motor racing specialist HWA AG is reporting
revenues of EUR 40.6 million (m), an increase of 34.2% compared with the
same period last year. This healthy increase in sales is the result of
the availability of a new model from the vehicles and components business.
Demand for Formula 3 engines, which are also supplied by this division, has
fallen as a consequence of the economic crisis. Sponsorship funds for
various Formula 3 racing teams were also more restricted than last year,
which in turn had a negative effect on the demand for engines. Cutbacks in
the budget for Daimler AG's motor sports activities in the German Touring
Car Masters (DTM) led - as anticipated - to a decrease in revenues for the
motor racing business.

Operating results (EBIT) for the period from January to June were at break
even, a small loss of EUR 0.15m after a positive EBIT of EUR 2m for the
first six months of 2008. The reasons for the lower profitability in the
first half of 2009 were significantly higher costs for raw materials in
connection with the new model in the vehicles and components business, as
well as lower contributions from Formula 3 engines and motor racing.
Operating results already include one-time costs for restructuring and
capacity adjustments.

HWA AG will publish its half-yearly report for 2009 on 27 August 2009.

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. In the motor
racing business, HWA AG acts as a full service provider to Daimler AG
Motorsport in the DTM. It is responsible for the whole process of
development and construction of the racing cars, including the motors,
together with all other activities involved in the racing team's
operations. In its vehicles and components business, it develops and builds
cars and vehicle components for the automobile industry. Since 2003 HWA AG
has been producing and servicing racing engines for the Formula 3
Euroseries and the British Formula 3 Series.

Disclaimer:

This information represents neither an offer to sell, nor a request to
purchase securities of HWA AG. The information contained in this press
release is meant exclusively for people having their domicile and place of
residence in Germany. Securities of HWA AG were not and will not be
registered under the U.S. Securities Act of 1933, in the currently valid
version, and may neither be offered nor sold in the United States of
America. The information contained in this press release may not be
distributed to or within the United States of America, and not be passed on
to 'U.S. persons', as defined in regulation S of the U.S. Securities Act of
1933, in the currently valid version.
18.08.2009 Financial News transmitted by DGAP

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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 18-111
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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