Looser Holding on growth path

Looser Holding, headquartered in Arbon (Switzerland), reported net revenues of 115.6 million Swiss francs as of 31 March 2010 (prior year: 109.7 million Swiss francs). The operating result (EBITDA) amounted to 14.0 million Swiss francs or 12.1 percent of net revenues. The EBITDA margin thus slightly declined against the previous year when the Group recorded 13.8 million Swiss francs or 12.6 percent of net revenues.

The Group’s revenue growth amounted to 5.5 percent and to 6.7 percent after acquisition- related and currency adjustments. In addition, all of the Group’s four business divisions experienced a positive development in the first quarter 2010. Revenue growth achieved in the Temperature Control and Coatings divisions was even in the double-digit range. The Group closed the 1st quarter 2010 at a level slightly below that of the prior year with consolidated net income before minority interests of 4.5 million Swiss francs, corresponding to a decline by approx. 0.6 million Swiss francs against the previous year. The Euro’s negative currency effect markedly affected the operating result (EBITDA) and consolidated net income in the 1st quarter.

Prospects
A positive development of the revenue and earnings situation is expected in all four business divisions. Provided that the development of the global economic environment is favorable, Looser Holding expects its revenues and profits to grow in the financial year 2010.

For further information please contact:
Tim Talaat, CEO, Vorsitzender der Konzernleitung Christoph Fierz, CFO Telefon: +41 (0) 71 447 20 80 Fax: +41 (0) 71 447 20 81 E-Mail: info@looserholding.com Internet: www.looserholding.com

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