Exide Technologies (XIDEQ) 8-K Exide Technologies Reports Improved Sales and Ebitda for Fourth Quarter and Fy 2007

Exhibit 99.1

N E W S    R E L E A S E

FOR IMMEDIATE RELEASE

MEDIA CONTACTS:

Jeannine Addams
Kristin Wohlleben
J.Addams & Partners, Inc.
404/231-1132 phone
jfaddams@jaddams.com
kwohlleben@jaddams.com

INVESTOR CONTACT:

Todd Atenhan
770/425-7877 phone
investorrelations@exide.com

EXIDE TECHNOLOGIES REPORTS IMPROVED SALES AND EBITDA FOR
FOURTH QUARTER AND FY 2007

ALPHARETTA, Ga.—(BUSINESS WIRE)—June 11, 2007—Exide Technologies (NASDAQ:XIDE)(www.exide.com), a global leader in stored electrical-energy solutions, announced that on June 11, 2007 it filed its Annual Report on Form 10-K for the fiscal year ended March 31, 2007.

Quarter

Net sales for the fourth fiscal quarter were $806.6 million compared to $730.6 million in the comparable prior year period. Foreign currency exchange rates favorably impacted net sales by approximately $39 million. Excluding the impact of currency, net sales increased in the current year quarter by $37 million on stronger volume in the Company’s global Industrial Energy segments, and improved pricing in all of its businesses. This was offset to a degree by soft volume in the Company’s Transportation Europe/ROW Segment, due to an unusually mild winter in Europe.

The net loss for the fourth quarter of fiscal 2007 amounted to $21.6 million or ($0.35) a share compared with a net loss in the fiscal 2006 fourth quarter of $76.3 million or ($2.98) a share. The reduced net loss in the current year quarter reflects continuing operational improvements and favorable pricing adjustments, which were partially offset by a $4.0 million increase in interest costs due to higher debt levels and higher interest rates. Additionally, last year’s fourth quarter was negatively impacted by the recording of a $24 million (net of tax) expense relating to the settlement of an historic fine levied by the U.S. Attorney for the Southern District of Illinois.

1

Fiscal Year 2007

For the full fiscal year, the Company reported a $119.9 million increase in net sales to $2.94 billion, of which $87.7 million was due to favorable foreign exchange rates, principally resulting from a stronger Euro. Excluding foreign exchange, net sales increased by $32.2 million. Gordon Ulsh, President and CEO stated, “We continue to execute on the pricing front to compensate for higher commodity and other costs; and, in accordance with our strategy, we have shed some volume rather than maintaining accounts that do not afford us an adequate return. While this strategy will improve gross profit margins, it contributed to the unit volume deterioration we experienced in our Transportation Segments. We also continue to see softness in capital spending by some of the major telecom players, resulting in lower unit volumes of our Network Power products,” Mr. Ulsh said.

The fiscal 2007 net loss was $105.9 million or ($2.39) a share, an improvement from a net loss of $172.7 million or ($6.75) a share in fiscal 2006. Gross profit improved by approximately $66 million to $472.8 million. “This reflects not only our pricing posture, but also continued improvement in our manufacturing and distribution performance as we execute our Take Charge! initiatives,” Mr. Ulsh said. The year-over-year net loss improvement was aided by the fiscal 2006 settlement with the U.S. Attorney, an approximately $10 million reduction in the consolidated tax provision and a $1.8 million reduction in reorganization-related expenses. However, those items were offset somewhat by a $20.5 million increase in net interest expense, and a higher loss on sale/impairment of fixed assets resulting principally from the write down of land and buildings held for sale in France.

The lower net losses per share in the quarter and for the full year were favorably impacted by higher weighted average shares outstanding as a result of the Company’s $75 million rights offering and $50 million private sale of common stock. Also, prior year net loss per share has been restated to give effect of a stock dividend treatment resulting from this transaction.

The Company also reported positive earnings before interest and taxes (“EBIT”) of $4.5 million for the fourth quarter 2007, compared with negative EBIT of $44.7 million in the prior year’s fourth quarter. Adjusted EBITDA in the fiscal 2007 fourth quarter was $43.9 million compared with $19.5 million in the comparable prior year period. For the year, Adjusted EBITDA improved 52% to $158.6 million from $104.5 million.

Mr. Ulsh went on to say “We know we still have much work to do, but it is rewarding to see our efforts to date recognized as evidenced by recent credit rating agency upgrades, a successful refinancing of our senior secured bank credit facility as well as an unqualified audit opinion on our financial statements and internal control environment at and for the year ended March 31, 2007.”

The Company, as it has said in the past, uses Adjusted EBITDA as a key measure of its operational financial performance. This measure underlies the Company’s operational performance and excludes the nonrecurring impact on the Company’s current restructuring actions. Adjusted EBITDA is defined as earnings before interest, taxes, depreciation, amortization and restructuring charges. Our Adjusted EBITDA definition

2

also adjusts reported earnings for the effect of non-cash currency remeasurement gains or losses, the non-cash gain or loss from revaluation of the Company’s warrants liability, impairment charges and non-cash gains or losses on asset sales as well as a specific exclusion for the aforementioned settlement with the U.S. Attorney. See the reconciliations of net losses to EBIT and Adjusted EBITDA in the attachments to this release.

Conference Call

The Company previously announced that it will hold a conference call to discuss its results on June 12, 2007 at 10:00 a.m. Eastern Time.

Dial-in number for US/Canada: (877) 563-6439

Dial-In number for international callers: (706) 758-9457

Conference ID: 9423131

About Exide Technologies:

Exide Technologies, with operations in more than 80 countries, is one of the world’s largest producers and recyclers of lead-acid batteries. The Company’s four global business groups — Transportation Americas, Transportation Europe and Rest of World, Industrial Energy Americas and Industrial Energy Europe and Rest of World — provide a comprehensive range of stored electrical energy products and services for industrial and transportation applications.

Transportation markets include original-equipment and aftermarket automotive, heavy-duty truck, agricultural and marine applications, and new technologies for hybrid vehicles and 42-volt automotive applications. Industrial markets include network power applications such as telecommunications systems, electric utilities, railroads, photovoltaic (solar-power related) and uninterruptible power supply (UPS), and motive-power applications including lift trucks, mining and other commercial vehicles.

Further information about Exide, including its financial results, are available atwww.exide.com.

The Exide Technologies logo is available athttp://www.primenewswire.com/newsroom/prs/?pkgid=3300

Forward-Looking Statements

Except for historical information, this press release may be deemed to contain “forward-looking” statements. The Company desires to avail itself of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 (the “Act”) and is including this cautionary statement for the express purpose of availing itself of the protection afforded by the Act. The Company undertakes no obligation to publicly update or revise any forward-looking

3

statement in this or any prior forward-looking statements whether as a result of new information, future developments or otherwise.

Examples of forward-looking statements include, but are not limited to, (a) projections of revenues, cost of raw materials, income or loss, earnings or loss per share, capital expenditures, growth prospects, dividends, the effect of currency translations, capital structure and other financial items, (b) statements of plans and objectives of the Company or its management or Board of Directors, including the introduction of new products, or estimates or predictions of actions by customers, suppliers, competitors or regulating authorities, (c) statements of future economic performance and (d) statements of assumptions, such as the prevailing weather conditions in the Company’s market areas, underlying other statements and statements about the Company or its business.

Factors that could cause actual results to differ materially from these forward-looking statements include, but are not limited to, the following general factors such as: (i) the Company’s ability to implement and fund based on current liquidity business strategies and restructuring plans, (ii) unseasonable weather (warm winters and cool summers) which adversely affects demand for automotive and some industrial batteries, (iii) the Company’s substantial debt and debt service requirements which may restrict the Company’s operational and financial flexibility, as well as imposing significant interest and financing costs, (iv) the litigation proceedings to which the Company is subject, the results of which could have a material adverse effect on the Company and its business, (v) the realization of the tax benefits of the Company’s net operating loss carry forwards, which is dependent upon future taxable income, (vi) the fact that lead, a major constituent in most of the Company’s products, experiences significant fluctuations in market price and is a hazardous material that may give rise to costly environmental and safety claims, (vii) competitiveness of the battery markets in North America and Europe, (viii) the substantial management time and financial and other resources needed for the Company’s consolidation and rationalization of acquired entities, (ix) risks involved in foreign operations such as disruption of markets, changes in import and export laws, currency restrictions, currency exchange rate fluctuations and possible terrorist attacks against U.S. interests, (x) the Company’s exposure to fluctuations in interest rates on its variable debt, (xi) the Company’s ability to maintain and generate liquidity to meet its operating needs, (xii) general economic conditions, (xiii) the ability to acquire goods and services and/or fulfill labor needs at budgeted costs, (xiv) the Company’s reliance on a single supplier for its polyethylene battery separators, (xv) the Company’s ability to successfully pass along increased material costs to its customers, (xvi) the Company’s ability to comply with the provisions of Section 404 of the Sarbanes-Oxley Act of 2002, and (xvii) the Company’s significant pension obligations over the next several years.

Therefore, the Company cautions each reader of this press release carefully to consider those factors set forth above and those factors described in the Company’s Form 10-K filed on June 11, 2007, because such factors have, in some instances, affected and in the future could affect, the ability of the Company to achieve its projected results and may cause actual results to differ materially from those expressed herein.

Financial tables follow

4

EXIDE TECHNOLOGIES AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS FOR THE THREE MONTHS AND TWELVE MONTHS ENDED
MARCH 31, 2007 AND 2006
(In thousands, except per-share data)

	For the Three Months Ended						For the Fiscal Year Ended
	March 31, 2007			March 31, 2006			March 31, 2007			March 31, 2006
NET SALES	$	806,553		$	730,617		$	2,939,785		$	2,819,876
COST OF SALES		678,562			648,728			2,467,009			2,413,045
Gross profit		127,991			81,889			472,776			406,831
EXPENSES:
Selling, marketing and advertising		68,627			66,111			270,413			271,059
General and administrative		48,478			61,646			173,128			190,993
Restructuring		2,261			5,663			24,483			21,714
Other (income) expense, net		3,188			(9,097	)		9,636			3,684
Interest expense, net		22,278			18,301			90,020			69,464
		144,832			142,624			567,680			556,914
Loss before reorganization items, income taxes, minority interest		(16,841	)		(60,735	)		(94,904	)		(150,083	)
REORGANIZATION ITEMS, NET		526			1,760			4,310			6,158
INCOME TAX PROVISION (BENEFIT)		3,859			13,390			5,783			15,962
MINORITY INTEREST		404			457			882			529
Net income (loss)		(21,630	)		(76,342	)		(105,879	)		(172,732	)
NET INCOME (LOSS) PER SHARE
Basic and Diluted	$	(0.35	)	$	(2.98	)	$	(2.39	)	$	(6.75	)
WEIGHTED AVERAGE SHARES
Basic and Diluted		61,403			25,576			44,358			25,576

5

EXIDE TECHNOLOGIES AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS AS OF MARCH 31, 2007 AND MARCH 31, 2006
(In thousands, except per share data)

	March 31, 2007			March 31, 2006
ASSETS
Current assets:
Cash and cash equivalents	$	76,211		$	32,161
Receivables, net of allowance for doubtful accounts of $28,624 and $21,637		639,115			617,677
Inventories		411,554			414,943
Prepaid expenses and other		20,224			30,804
Deferred financing costs, net		3,411			3,169
Deferred income taxes		19,030			11,066
Total current assets		1,169,545			1,109,820
Property, plant and equipment, net		649,015			685,842
Other assets:
Other intangibles, net		191,762			186,820
Investments in affiliates		5,282			4,783
Deferred financing costs, net		12,908			15,196
Deferred income taxes		67,006			56,358
Other		24,706			24,090
		301,664			287,247
Total assets	$	2,120,224		$	2,082,909
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Short-term borrowings	$	13,951		$	11,375
Current maturities of long-term debt		3,996			5,643
Accounts payable		360,278			360,538
Accrued expenses		299,157			298,631
Warrants liability		5,297			2,063
Total current liabilities		682,679			678,250
Long-term debt		666,507			683,986
Noncurrent retirement obligations		263,290			333,248
Deferred income tax liability		41,232			33,590
Other noncurrent liabilities		121,433			116,430
Total liabilities		1,775,141			1,845,504
Commitments and contingencies		—			—
Minority interest		14,560			12,666
STOCKHOLDERS’ EQUITY
Preferred stock, $0.01 par value, 1,000 shares authorized, 0 shares issued and outstanding		—			—
Common stock, $0.01 par value, 100,000 and 61,500 shares authorized, 60,676 and 24,546 shares issued and outstanding		607			245
Additional paid-in capital		1,008,481			888,647
Accumulated deficit		(745,534	)		(639,655	)
Accumulated other comprehensive income (loss)		66,969			(24,498	)
Total stockholders’ equity		330,523			224,739
Total liabilities and stockholders’ equity	$	2,120,224		$	2,082,909

6

EXIDE TECHNOLOGIES AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE TWELVE MONTHS ENDED MARCH 31, 2007 AND 2006
(In thousands)

	For the Fiscal Year Ended
	March 31, 2007			March 31, 2006
Cash Flows From Operating Activities:
Net income (loss)	$	(105,879	)	$	(172,732	)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities—
Depreciation and amortization		121,016			122,429
Unrealized loss (gain) on Warrants		3,234			(9,125	)
Net loss on asset sales		18,622			8,044
Gain on Insurance Recoveries					(4,791	)
Deferred income taxes		(6,350	)		(36	)
Provision for doubtful accounts		9,096			4,116
Non cash stock compensation		2,449			501
Reorganization items, net		4,310			6,158
Insurance Proceeds					11,144
Minority interest		882			529
Amortization of deferred financing costs		3,476			2,048
Changes in assets and liabilities excluding effects of Fresh Start accounting and acquisitions and divestitures—
Receivables		14,635			34,022
Inventories		30,568			(34,703	)
Prepaid expenses and other		13,614			(8,997	)
Payables		(25,389	)		33,958
Accrued expenses		(16,149	)		(68,907	)
Noncurrent liabilities		(53,258	)		27,500
Other, net		(13,700	)		4,994
Net cash provided by (used in) operating activities		1,177			(44,348	)
Cash Flows From Investing Activities:
Capital expenditures		(51,932	)		(58,133	)
Proceeds from sales of assets		4,485			25,316
Net cash used in investing activities		(47,447	)		(32,817	)
Cash Flows From Financing Activities:
Increase (decrease) in short-term borrowings		1,123			10,347
Borrowings under Senior Secured Credit Facility					46,250
Repayments under Senior Secured Credit Facility		(27,948	)		(17,224	)
Capital contributions		117,747
Settlement of foreign currency swap					(12,084	)
Increase/Decrease in other debt		(2,504	)		15,667
Financing costs and other		(832	)		(8,310	)
Net cash provided by financing activities		87,586			34,646
Effect of Exchange Rate Changes on Cash and Cash Equivalents		2,734			(2,016	)
Net Increase (Decrease) In Cash and Cash Equivalents		44,050			(44,535	)
Cash and Cash Equivalents, Beginning of Period		32,161			76,696
Cash and Cash Equivalents, End of Period	$	76,211		$	32,161

7

EXIDE TECHNOLOGIES AND SUBSIDIARIES
ADJUSTED EBITDA RECONCILIATION BY SEGMENT
FOR THE THREE MONTHS ENDED MARCH 31, 2007
(in millions)

	Transportation					Industrial Energy
			Europe					Europe
	Americas		and ROW			Americas		and ROW			Other			TOTAL
Net income (loss)	$	15.0	$	1.1		$	3.4	$	2.1			($43.2	)		($21.6	)
Interest expense, net		—		—			—		—			22.3			22.3
Income tax provision (benefit)		—		—			—		—			3.8			3.8
EBIT		15.0		1.1			3.4		2.1			(17.1	)		4.5
Depreciation and amortization		9.3		8.3			3.1		9.0			1.2			30.9
Take Charge		—		—			—		0.9			—			0.9
Reorganization items, net		—		—			—		—			0.5			0.5
Restructuring and impairment, net		0.6		(0.4	)		0.2		1.8			0.1			2.3
Other restructuring costs included in cost of sales and general and administrative expenses		0.1		—			—		—			0.2			0.3
Currency remeasurement loss (gain)		0.2		(0.1	)		0.1		0.1			(1.3	)		(1.0	)
Minority interest		—		—			—		—			0.4			0.4
Unrealized gain on revaluation of warrants		—		—			—		—			2.6			2.6
Loss (gain) on sale of capital assets		0.1		0.3			0.5		2.3			(1.3	)		1.9
Other, principally non cash stock compensation expense		0.1		0.2			—		(0.4	)		0.7			0.6
Adjusted EBITDA		25.4		9.4			7.3		15.8			(14.0	)		43.9

8

EXIDE TECHNOLOGIES AND SUBSIDIARIES
ADJUSTED EBITDA RECONCILIATION BY SEGMENT
FOR THE TWELVE MONTHS ENDED MARCH 31, 2007
(in millions)

	Transportation					Industrial Energy
			Europe					Europe
	Americas		and ROW			Americas		and ROW			Other			TOTAL
Net income (loss)	$	33.1		($20.4	)	$	22.0	$	8.3			($148.9	)		($105.9	)
Interest expense, net		—		—			—		—			90.0			90.0
Income tax provision (benefit)		—		—			—		—			5.8			5.8
EBIT		33.1		(20.4	)		22.0		8.3			(53.1	)		(10.1	)
Depreciation and amortization		30.7		32.9			10.1		36.0			11.4			121.1
Take Charge		1.0		0.3					3.5			0.1			4.9
Reorganization items, net		—		—			—		—			4.3			4.3
Restructuring and impairment, net		8.6		7.5			0.7		7.3			0.4			24.5
Other restructuring costs included in cost of sales and general and administrative expenses		0.5													0.5
Currency remeasurement loss (gain)		0.7		(0.1	)		0.2					(12.4	)		(11.6	)
Minority interest		—		—			—		—			0.9			0.9
Unrealized gain on revaluation of warrants		—		—			—		—			3.2			3.2
Loss (gain) on sale of capital assets		7.2		9.8			0.5		2.3			(1.2	)		18.6
Other, principally non cash stock compensation expense				0.1					(0.2	)		2.4			2.3
Adjusted EBITDA		81.8		30.1			33.5		57.2			(44.0	)		158.6

9

EXIDE TECHNOLOGIES AND SUBSIDIARIES
COMPARATIVE FY07 Q4 NET SALES AND ADJUSTED EBITDA BY SEGMENT

	Transportation					Industrial Energy
				Europe				Europe
				and				and		Unallocated
	Americas			ROW		Americas		ROW		Corporate			Consolidated
	(in millions)
Q4 FY07
Net sales	$	253.8		$	225.9	$	70.8	$	256.0		—		$	806.6
Adjusted EBITDA	$	25.4		$	9.4	$	7.3	$	15.8		($14.0	)	$	43.9
Q4 FY06
Net sales	$	231.5		$	223.8	$	67.2	$	208.1		—		$	730.6
Adjusted EBITDA (1)		($8.1	)	$	13.0	$	6.3	$	15.1		($6.9	)	$	19.5

(1) Includes pro forma effect of the allocation of certain Corporate costs.

EXIDE TECHNOLOGIES AND SUBSIDIARIES
COMPARATIVE FY07 Q4 YTD NET SALES AND ADJUSTED EBITDA BY SEGMENT

	Transportation				Industrial Energy
			Europe				Europe
			and				and		Unallocated
	Americas		ROW		Americas		ROW		Corporate			Consolidated
	(in millions)
Q4 YTD FY07
Net sales	$	930.3	$	832.2	$	270.5	$	906.8		—		$	2,939.8
Adjusted EBITDA	$	81.8	$	30.1	$	33.5	$	57.2		($44.0	)	$	158.6
Q4 YTD FY06
Net sales	$	913.3	$	810.9	$	275.0	$	820.7		—		$	2,819.9
Adjusted EBITDA (1)	$	16.6	$	38.6	$	26.4	$	59.3		($36.4	)	$	104.5

(1) Includes pro forma effect of the allocation of certain Corporate costs.

10

EXIDE TECHNOLOGIES AND SUBSIDIARIES
ADJUSTED EBITDA
4th QUARTER FY2007 VS. FY2006

EXIDE TECHNOLOGIES AND SUBSIDIARIES
FULL YEAR FY2007 VS. FY2006

11