- Q2 sales of some 70 mill. Euro up by 20 per cent on previous year - EBIT increases to 1.5 mill. Euro (2006: 1.1 mill. Euro) - Level of orders 155.2 mill. Euro at the end of June (2006: 96.2 mill. Euro) - Growth dynamics expected to improve in latter half According to the final figures now available, the Q2 sales improved by a good 20 per cent on the previous year, from 57.8 mill. Euro to 69.7 mill. Euro. The revenues for the first six months of 2007 totalled around 127 mill. Euro and were up by 14 per cent on 2006 (111 mill. Euro). This increase is due predominantly to the acquisition of Funkwerk Information Technologies (formerly Vossloh Information Technologies). The operative earnings (EBIT) rose to 1.5 mill. Euro in the second quarter (2006: 1.1 mill. Euro). At 1.7 mill. Euro, the EBIT in the first six months was above the prior-year level (1.4 mill. Euro), regardless of the fact that the integration and consolidation measures required for the acquisitions burdened the result. The consolidated surplus rose on the previous year to 1.2 mill. Euro (2006: 0.7 mill. Euro), so that the earnings per share stood at 0.15 Euro (2006: 0.09 Euro). Similar to last year, fiscal 2007 of Funkwerk is once again defined by a strong asymmetry in terms of sales and earnings distribution. Since many orders, customer projects and product placements will not come to fruition until the third and, predominantly, the fourth quarter, while start-up expenses are booked in the first six months, the Executive Board does not consider the earnings figure as at the end of June representative for the whole year. The synergy effects from the acquisitions realised in the first six months, the potentials of new products, and the increase in incoming orders (end of June 2007: 174 mill. Euro, 2006: 126 mill. Euro) will have a positive knock-on effect on Funkwerk's group figures predominantly in the latter half of the year. Based on the existing orders (orders on hand as at the end of June: 155.2 mill. Euro, 2006: 96.2 mill. Euro) and current business initiations, Funkwerk anticipates sales in the latter half to grow to over 170 mill. Euro, the lion share of which will be attributable to the last quarter. Funkwerk AG has confirmed its annual projections of 300 mill. Euro in sales and operative earnings (EBIT) of some 15 mill. Euro for 2007. The full interim report of Funkwerk AG is available for downloading at www.funkwerk.com. For further information contact Funkwerk AG Im Funkwerk 5 99625 Kölleda/Thuringia Germany Jörg Reichenbach Investor Relations Telephone: +49 (0) 36 35/458-346 Fax: +49 (0) 36 35/6 00 -507 [email protected] --- End of Message --- Funkwerk AG Im Funkwerk 5 Kölleda Germany WKN: 575314; ISIN: DE0005753149; Index: HDAX, MIDCAP, CDAX, Prime All Share, TECH All Share; Listed: Geregelter Markt in Frankfurter Wertpapierbörse, Prime Standard in Frankfurter Wertpapierbörse, Freiverkehr in Börse Berlin Bremen, Freiverkehr in Bayerische Börse München, Freiverkehr in Börse Düsseldorf, Freiverkehr in Börse Stuttgart, Freiverkehr in Hanseatische Wertpapierbörse zu Hamburg, Freiverkehr in Niedersächsische Börse zu Hannover;