tap Hole drilling devices of tHe future - HTI - High Tech Industries AG

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of the first quarter 2011 increased by 2.5 million
Euro compared to the first quarter last year.
“We have adjusted ourselves in all areas to the
market conditions and now dispose of a structure
that enables us to generate substantial growth
with positive development of earnings under the
given economic frame conditions”, says Glatzmeier,
who expects “an increase in revenues of
around 10%”.
June 16
Austrian Small Cap Day
On June 16 a total of thirteen companies, listed
at the Vienna Stock Exchange resp. at the Budapest
Stock Exchange, took the opportunity to introduce
their company in the course of the “Austrian
Small Cap Day” to a specialist audience of
investors and analysts. Last year’s Austrian Small
Cap Day was still reeling from the economic crisis,
this year the presentations focused on future
growth, innovations and investments as well as
on objectives and strategies.
Peter Glatzmeier presented the audience with an
update about the development of HTI, which
shows a clear increase in business activity in
annual comparison. Despite very good utilization
the technological group has not yet reached all
of its targets. Thus Peter Glatzmeier looked to the
future, especially to the year 2015. From this year
on the company shall generate revenues of 300
million Euro with appropriate profitability.
Geographically not least China is the center of
Glatzmeier’s attention. There, HTI plans to “use
the existing Joint Venture
through the extension
of new product
fields, in order to widen
the market position in
China in cooperation
with the local partner”,
says the CEO. This development shall be boosted
by the new 5-year-plan of the Chinese Government,
including amongst others the construction
of many residential homes, airports etc. Here for
example, a lot of window profiles would be in
demand ...
Further road shows were done by HTI in the
course of the capital increase, implemented in
June. Issued were 6,039 million new shares at a
fix issuing price of EUR 1.10. Peter Glatzmeier
and Nikolaus Kretz were able to place all shares
successfully – more than that, the capital increase
was over-subscribed with 26%. Almost half
of the new shares were subscribed by existing
shareholders by exercising their subscription
rights, the remaining ones were subscribed by
new – mostly domestic – private investors. “The
success of our capital increase despite a presently
very volatile stock market environment is
a very important proof of trust of the investors in
our technological group”, says HTI CFO Nikolaus
Kretz.
2 The audience at the Austrian Small Cap Day
3 Peter Glatzmeier and Nikolaus Kretz at a presentation in
the course of the capital increase