Press release

Bertrandt on a stable growth trajectory

Positive trend continues into first quarter of fiscal 2013/2014

(Ehningen, 17 February 2014) Against the backdrop of a highly diversified range of models and technologies, engineering specialist Bertrandt continued to grow.In the first three months of the ongoing fiscal year 2013/2014 the technology group increased its revenues by 7.5 percent to EUR198.0 million (previous year EUR184.3 million).Operating profit climbed to EUR19.0 million (previous year EUR17.6 million*).The company generated post-tax earnings of EUR13.0 million in the period under review (previous year EUR12.2 million*).As at31December 2013 the group had 10,938 employees (previous year 10,083).

Demand for development work supports growth

The global automobile industry was on an expansionary course throughout 2013. Given the wide diversity of models and variants as well as the trends towards environmentally friendly mobility solutions, safety, comfort and connectivity, the demand for complex engineering services still is at a stable level according to CEO Dietmar Bichler. Moreover, experts say that manufacturers have pushed spending on research and development to a record level. In this market environment the Bertrandt Group performed well in the first quarter of the ongoing fiscal year 2013/2014.

The technology specialist generated revenues of EUR198.0 million in the period under review (previous year EUR184.3 million), equivalent to an increase of 7.5 percent. All of the Group’s divisions – Digital Engineering, Physical Engineering and Electrical Systems/Electronics – achieved growth over the previous year. Bertrandt’s operating profit increased by 8 percent to EUR19.0 million in the first quarter of fiscal 2013/2014 (previous year EUR17.6 million*). Based on a tax rate of 31.2 percent, the Company generated post-tax earnings of EUR 13.0 million (previous year EUR 12.2 million*).

With its solid business foundations, Bertrandt is endeavouring to enhance its enterprise value on an enduring and sustained basis. Theobjective is to systematically pursue the strategy of growing in the automotive and aviation industries as well as in the plant and mechanical engineering sectors, the energy and medical technology industries, the electronics industry and to position the Company successfully in the engineering market.

Number of employees increased again

The Bertrandt Group has further increased the number of staff over the previous year: As at 31December 2013 the group had a workforce of 10,938. “We were able to recruit 855 new employees for Bertrandt compared with the previous year”, says Dietmar Bichler. Thus 109 new jobs were created within the company over the end of fiscal 2012/2013. “The Group offers career possibilities along the entire engineering process chain and at different hierarchy levels – for university graduates in technical disciplines and experienced professionals or specialists, such as hardware/software engineers, engineers for engine and powertrain development or industrial engineers.”Information on human resources management and vacancies can be found in the “Careers” section of Bertrandt’s website at

Consolidated IFRS-based financials
of the Bertrandt Group / 01/10/2013 - 31/12/2013 / 01/10/2012 - 31/12/2012
Revenues (EUR mn) / 197.999 / 184.259
Operating profit (EUR mn) / 19.013 / 17.592*
Post-tax earnings(EUR mn) / 12.964 / 12.160*
Free cash flow (EUR mn) / 37.054 / 34.405
Capital expenditure (EUR mn) / 7.481 / 5.449
Equity ratio (in percent) / 61.2 / 58.5*
Employees worldwide / 10,938 / 10,083

Additional information is available from:

Bertrandt AGBertrandt AG

Dr. Markus Götzl Anja Schauser

Investor Relations Manager Public Relations

Birkensee 1Birkensee 1

71139 Ehningen, Germany71139 Ehningen, Germany

Tel.: +49 7034/656-4201Tel.: +49 7034/656-4037

Fax: +49 7034/656-4488Fax: +49 7034/656-4095

Email: mail:

Internet:

*Prior period comparative figures have been restated to reflect the amendments to IAS 19. An explanation of the effects thereof is provided in the Notes to the Interim Consolidated Financial Statements.

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