Hansen Transmissions International reports first half results

Hansen Transmissions International NV has announced its results for the six months ended 30 September 2008.

Highlights - First Half financial year 2008 are:

• Revenue growth of +73% to € 295.2 million
• EBITDA increased +142% to € 46.2 million - EBITDA margin of 15.7%
• Net profit growth of +315% to € 21.5 million

The company remains well capitalised with a strong cash flow, long-term credit lines in place and a strong order book, fully committed to December 2009. The supply of bearings has considerably improved during the first half of the current financial year. Although it will continue to be an important factor going forward, the company expects that during the second half, the supply of bearings will continue to improve further as a result of new bearings capacity coming on stream, from existing and new bearings suppliers. For the full financial year 2009, Hansen reiterates its target for revenue growth of approximately 50%.