DGAP-News: euromicron: Sales and earnings guidance for 2011
(firmenpresse) - DGAP-News: euromicron AG / Key word(s): Final Results
euromicron: Sales and earnings guidance for 2011
16.03.2012 / 10:32
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Sales, EBIT and EBITDA increase sharply
Another dividend increase planned
Frankfurt / Main, March 16, 2012 - The Executive Board of euromicron AG
(ISIN DE000A1K0300) completed preparation of its IFRS consolidated
financial statements for fiscal 2011 on March 16, 2012. All the figures are
provisional and have not yet been given an audit certificate. Their
approval by the Supervisory Board is an item on the agenda of its meeting
at the end of March 2012 after the independent auditor has completed its
work. The definitive figures will be published and the Analysts' Conference
held in Frankfurt/Main on March 28, 2012.
The provisional figures show that the euromicron Group generated
consolidated sales of just over EUR305 million, around 50% up over the
previous year (EUR204 million). Following the acquisition of telent and
strong organic growth of some 10% in euromicron's traditional markets, the
volume of sales is well over the target of EUR280 to EUR300 million the
company set itself.
Consolidated EBIT grew by 20% to around EUR24.2 million (previous year:
EUR20.1 million). As a result, the euromicron Group achieved a consolidated
EBIT margin of just under 8%, despite high non-recurring expenses as a
result of acquisitions (including telent), and so is within its forecast
range of 7.5% to 8.5%. Given the first-time consolidation of telent in the
euromicron Group, this temporary decline in the EBIT ratio was expected for
fiscal year 2011. It will increase as planned in 2012 and 2013 after
telent's business has been integrated and synergies leveraged, with the
result that the group will again achieve its target EBIT return of 8% to
11% as it has done in previous years. EBITDA grew by 24% to EUR30.8
million.
As things stand at present, consolidated net income of around EUR12.9
million (previous year: EUR12.1 million) is expected, giving (undiluted)
earnings per share of EUR2.33 (previous year: EUR2.38). Despite the sharp
increase in the weighted average number of euromicron shares in fiscal
years 2010 and 2011 and large one-off effects in fiscal 2011, undiluted
earnings per share remained largely constant thanks to the euromicron
Group's excellent fundamentals. As a result, our goal of continuity and
sustainability has been borne out.
Due to its profitable performance, euromicron AG has a solid foundation for
an anticipated dividend payout of EUR1.15 a share, which the Executive
Board and Supervisory Board plan to propose to the General Meeting. That
would mean a further increase of some 5% in the dividend over the previous
year (EUR1.10 a share), giving a dividend yield of just under 6% based on a
share price of EUR20. Our new shareholders from the capital increase are
also fully entitled to dividends for 2011.
euromicron AG (www.euromicron.de) is an all-round solution provider for
communications, transport, data and security networks. euromicron's network
infrastructures integrate voice, video and data transport wirelessly, via
copper cable and by means of fiber-optic technologies.
euromicron builds its leading applications, such as security, control,
healthcare or surveillance systems, on the basis of these cutting-edge
network infrastructures.
Founded on its expertise as a developer and producer of fiber-optic
components, euromicron AG is a strongly growing, highly profitable group
that is listed on the stock market, has a medium-sized character and
focuses on operational growth, integration and further market penetration,
internationalization and expansion.
If you have any more questions, please contact:
euromicron AG
Speicherstraße 1
60327 Frankfurt/Main
Germany
Investor&Public Relations
Phone: +49 (0)69 / 631583-0
ir-pr(at)euromicron.de
www.euromicron.de
End of Corporate News
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16.03.2012 Dissemination of a Corporate News, transmitted by DGAP - a
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Language: English
Company: euromicron AG
Speicherstr. 1
60327 Frankfurt
Germany
Phone: +49(0) 69 631583-0
Fax: +49(0) 69 631583-20
E-mail: info(at)euromicron.de
Internet: www.euromicron.de
ISIN: DE000A1K0300
WKN: A1K030
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, Stuttgart
End of News DGAP News-Service
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160928 16.03.2012
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Datum: 16.03.2012 - 10:32 Uhr
Sprache: Deutsch
News-ID 125501
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