Consolidated statement of comprehensive income/ IN THOUSANDS OF EUROS

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1 ANNUAL RESULTS 2012 Net sales: EUR million EBT: EUR 19.0 million (+ 39.4%) EBITDA: EUR 41.4 million (+ 16.6%) Group profit/loss: EUR 13.3 million (+ 14.4%) Proposed dividend: 0.31 EUR per share (+ 14.8%) Consolidated statement of comprehensive income/ IN THOUSANDS OF EUROS Net sales Changes in stocks and WIP (work in progress) Other operating income Raw materials and consumables used Gross margin 47.68% 46.68% Services and other goods Remuneration, social security and pensions Depreciations Write off inventories and receivables Other operating charges Non-recurring result -838 Operating result Financial result Financial income Financial charges Profit or loss before taxes Income tax Profit (loss) for the period from continuing operations Profit (loss) for the period from discontinued operations Group profit/loss Group profit/loss attributable to shareholders of Sioen Industries Group profit/loss attributable to non-controlling 0 0 EBIT from continuing operations EBITDA from continuing operations Net cash flow from continuing operations Press release Sioen Industries - 28/02/2013 before Stock Market opening 1

2 Comments on the consolidated financial statements > Net sales: In 2012 the Sioen Industries Group realized sales from continuing operations of EUR million compared to EUR million from comparable activities in the previous year, or an increase by 0.3%. The divisions Coating and Chemicals remained status quo, while the division Apparel realized a slight growth. > Services and other goods: The costs for services and other goods amounted to EUR 47.5 million in 2012 or 14.7% over net sales compared to EUR 48.8 million in 2011 or 15.1% over net sales. Rigorous cost control is and will remain on the agenda. In the various domains cost savings amounted to 2.5 million euro. This saving was however partially offset by higher energy prices (+ 1.3 million compared to last year). > Remuneration, social security and pensions: Labour cost in 2012 amounted to EUR 69.3 million or 21.4% over net sales compared to EUR 65.9 million or 20.4% over net sales in This increase was driven both by an increase in the permanent workforce and by wage increases in the Asian and North African countries. > Depreciations: As a result of a lower investment pattern, depreciations decreased from EUR 17.7 million in 2011 to EUR 16.8 million in > Write off inventories and receivables: Under this section we recorded, according to our accounting policies, possible movements on provisions for obsolete stocks and doubtful debtors. > Other operating income: Other operating income mainly consists of received rent for buildings, transport recharges, received indemnities and sale of assets (2012: building part of a French entity). In 2012, EUR 0.8 million of R&D subventions were received. > Other operating charges: Cover a number of general expenses, mostly non-profit related taxes such as property tax, taxe professionelle in France and similar. Decrease of other operating charges is mainly explained by the recuperation of property taxes in 2012, amounting to EUR 2.3 million, while in 2011 a total amount of EUR 0.9 million was received. > Operating result: Over 2012 the operating result from continuing operations amounted to EUR 23.8 million against EUR 18.6 million last year. > Financial result: Financial result of the Group amounted to EUR -4.8 million over 2012 against EUR -5.0 million in Interest expenses and costs of rate hedging amounts to EUR 7.0 million in The financial result, however, was positively influenced by both the grant of EUR 0.9 million moratorium by the government and by positive exchange rate differences (EUR 0.7 million unrealized foreign exchange gains and realized exchange gains amounting to EUR 0.6 million). > Income tax: Income tax amounts to EUR 4.9 million over the year 2012 against EUR 0.2 million over In 2011 an additional tax asset has been recognized in Belgium. > Profit (loss) for the period from continuing operations: The company recorded EUR 14.1 million profit over the year 2012 against EUR 13.4 million over > Profit (loss) for the period from discontinued operations: The loss amounted to EUR 0.8 million over the year 2012 against EUR 1.8 million over the year The main reasons for the loss are a sanitation provision and costs related to the sale of the Roland activities. Press release Sioen Industries - 28/02/2013 before Stock Market opening 2

3 Share The company realized earnings per share amounting to EUR The Board of Directors will be proposing to the General Shareholders Meeting of 26 April that the company declares a gross dividend of EUR 0.31 per share. Earnings per share/ IN EUROS Basic earnings per share From continuing operations From continuing and discontinued operations Diluted earnings per share From continuing operations From continuing and discontinued operations Outlook Due to the volatile macro economic environment in the European community, the Board has limited visibility and as such prefers not to publish forecasts. Sioen Industries will continue its policy of innovation and cost leadership in Sioen Industries group Full information and the complete annual report will be made available on March 26th, 2013 on For further information/financial information/investor relations Geert Asselman, CFO Sioen Industries NV, Fabriekstraat 23, B-8850 Ardooie - Tel. 051/ Fax 051/ corporate@sioen.be Website: Annexes All figures and tables in this press release have been prepared in accordance with the IFRS valuation principles as accepted in the European Union. The valuation principles set out in the latest available annual report (31 December 2011) have been consistently applied to the figures given in this press release. A risk management analysis can be found in the 2011 annual report that is available on Press release Sioen Industries - 28/02/2013 before Stock Market opening 3

4 Consolidated statement of financial position/ IN THOUSANDS OF EUROS Intangible assets Goodwill Property, plant and equipment Investment property Long term trade receivables Other long term assets Deferred tax assets NON-CURRENT ASSETS Inventories Trade receivables Other receivables Other financial assets Cash and cash equivalents Deferred charges and accrued income CURRENT ASSETS Assets related to discontinued operations TOTAL ASSETS Share capital Retained earnings Other reserves EQUITY Equity attributable to the owners of the company Non-controlling 0 0 Borrowings Provisions Retirement benifit obligations Deferred tax liabilities Obligations under finance leases Other amounts payable 3 3 NON- CURRENT LIABILITIES Trade and other payables Borrowings Provisions Retirement benifit obligations Current income tax liabilities Social debts Other amounts payable Obligations under finance leases Derivatives fair value Accrued charges and deferred income CURRENT LIABILITIES Liabilities directly associated with assets from discontinued operations TOTAL EQUITY AND LIABILITIES Press release Sioen Industries - 28/02/2013 before Stock Market opening 4

5 Consolidated statement of cash flows/ IN THOUSANDS OF EUROS Group profit/loss Income tax Financial charges Financial income Operating result Depreciation and amortisation of non-current assets Impairment of non-current assets 539 Write off inventories and receivables Provisions Movements in working capital: Inventories Trade receivables Other long term assets, other receivables & deferred charges and accrued income Trade and other payables Current income tax liabilities, social debts, other amounts payable & accrued charges and deferred income Amounts written off inventories and receivables Cash flow from operating activities Income taxes paid Net cash flow from operating activities Interest received Other financial assets Investments in intangible and tangible fixed assets Disposal and sale of intangible and tangible fixed assets Increase in capital grants 660 Net cash flow from investing activities Net cash flow before financing activities Purchase of treasury shares Interest paid Disbursed dividend Increase long term borrowings 111 Increase/(decrease) short term borrowings Increase/(decrease) obligations under finance leases Other Currency result Net cash flow from financing activities Impact of cumulative translation adjustments and hedging Change in cash and cash equivalents Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year Press release Sioen Industries - 28/02/2013 before Stock Market opening 5

6 Consolidated statement of changes in equity/ IN THOUSANDS OF EUROS Other reserves Share capital Reserves Foreign currency translation reserve Treasury shares Hedging reserves Equity before noncontrolling Non-controlling Equity Balance at 1 January Group profit/loss Hedging Deferred tax Purchase of treasury shares Currency translation adjustments Total comprehensive income for the period Payment of dividends Balance at 31 December Other reserves Share capital Reserves Foreign currency translation reserve Treasury shares Hedging reserves Equity before noncontrolling Non-controlling Equity Balance at 1 January Group profit/loss Hedging Deferred tax Purchase of treasury shares Currency translation adjustments Total comprehensive income for the period Payment of dividends Balance at 31 December Press release Sioen Industries - 28/02/2013 before Stock Market opening 6

7 Auditors report To the Board of Directors The auditor confirms that the audit is substantially completed, and did not reveal any significant adjustments to the financial information included in the press release. The Auditor DELOITTE Bedrijfsrevisoren BV o.v.v.e. CVBA Represented by Kurt Dehoorne and Mario Dekeyser Ardooie, February 28, Sioen Industries NV is a diversified stock quoted Group that has an extensive portfolio of products and activities: spinning, weaving and coating, manufacturing of garments, production of fine chemicals and processing of technical textiles. Vertical and horizontal integration, diversification and permanent growth are a solid foundation for a promising future. Press release Sioen Industries - 28/02/2013 before Stock Market opening 7