DGAP-News: Augusta Technologie AG: Final Figures for FY 2011 and Guidance for FY 2012
(firmenpresse) - DGAP-News: Augusta Technologie AG / Key word(s): Final
Results/Forecast
Augusta Technologie AG: Final Figures for FY 2011 and Guidance for FY
2012
22.03.2012 / 08:27
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AUGUSTA announces final figures for 2011 financial year and publishes
guidance for 2012
- Revenues at EUR 101.3 million (+31 percent) and over proportional
increase in EBITDA to EUR 17.9 million (+67 percent)
- Dividend proposal of EUR 0.60 per share
- Outstanding balance-sheet situation with high equity ratio and
significant cash reserves
- Forecast range 2012: revenues range of EUR 100 to 110 million, EBITDA
between EUR 16 and 20 million
Munich, March 22, 2012. AUGUSTA Technologie AG (ISIN DE000A0D6612) has
achieved its strategic and operational goals in the 2011 fiscal year, as
reported earlier. With the purchase of both VDS Vosskühler GmbH and LMI
Technologies Inc. and the sale of the Sensortechnics Group, AUGUSTA has
made significant progress strategically in terms of its focus on the core
Vision segment. Operationally, too, all of its goals were achieved despite
the increasingly uncertain general economic conditions. 'The driving force
behind our profitable growth is our focus on vision technologies. We
increased our earnings at a higher rate than revenues, even though we
increased our investments and expanded our development activities as well
as sales and service structures,' explained Amnon Harman, CEO of AUGUSTA
Technologie AG.
Adjusted for the Sensortechnics Group, 2011 consolidated sales revenues
increased to EUR 101.3 million, up by around 31 percent on the previous
year (EUR 77.3 million). The comparable organic growth excluding the
companies acquired in 2011, VDS and LMI, was just around 12 percent.
Profitability increased at a disproportionately high rate, with EBITDA up
by 67 percent on the previous year (EUR 10.7 million) to EUR 17.9 million.
Excluding the companies acquired in 2011, EBITDA grew organically by about
32 percent, also at a disproportionately high rate. The EBITDA margin rose
to 17.7 percent (previous year: 13.9 percent).
The cumulative net income for the period rose sharply to around EUR 37.0
million (previous year: EUR 10.4 million). Included in this figure are
extraordinary earnings from the sale of the Sensortechnics Group of EUR
32.5 million and a one-time value adjustment for P+S Technik in the region
of EUR 4.4 million. Earnings per share were EUR 4.85 (previous year: EUR
1.37).
Extremely healthy order backlog and sound balance sheet secure growth in
2012
Incoming orders increased to EUR 107.3 million as at the end of the 2011
fiscal year, almost 24 percent above the previous year's level (EUR 86.6
million). The book-to-bill ratio reached 1.06 for the 2011 fiscal year. The
order backlog amounting to EUR 39.3 million as at the end of the 2011
fiscal year was up almost 57 percent on the previous year (EUR 25.1
million).
'In the fourth quarter we received a large order for microsystems
technology, which is due for delivery over the next three years. In the
Vision segment the slight rise in incoming orders and the high level of
orders on hand are putting us in a cautiously optimistic mood for business
performance in 2012,' continued Amnon Harman.
The key financials, with an equity ratio of 72.8 percent, are excellent for
a medium-sized company at the end of fiscal year 2011. 'The sale of the
Sensortechnics Group has so far added EUR 47 million to our funds,
excluding the outstanding earn-out payments. Our cash and cash equivalents
have risen to EUR 65.9 million at year-end. These funds are earmarked for
re-investment,' said Berth Hausmann, CFO of AUGUSTA Technologie AG.
Shareholder participation in the company's success
This year, AUGUSTA would also like its shareholders to participate in the
company's positive performance. 'We remain committed to distributing at
least 30 percent of ordinary Group annual net income to our shareholders
for the 2011 fiscal year. Due to the extraordinary earnings from the sale
of the Sensortechnics Group, we will increase the operations-based dividend
of around EUR 0.35 per share to EUR 0.60 per share,' Hausmann added. The
Managing Board and Supervisory Board will accordingly propose a dividend of
EUR 0.60 to the Annual General Meeting on May 16, 2012.
Forecast 2012
From the current standpoint, AUGUSTA expects growth both in sales revenues
and in profitability. Bearing in mind the current market uncertainties, we
are expecting consolidated sales revenue ranging from EUR 100 to 110
million and an EBITDA of between EUR 16 and 20 million.
Potential acquisitions/sales and the costs required for this are not
included in these figures.
Forecast range
2011* Forecast 2012* This includes: P+S Technik GmbH up to September 30, 2011, with sales of
Sales revenues EUR 101.3 million EUR 100 to 110 million
EBITDA EUR 17.9 million EUR 16 to 20 million
EUR 3.4 million and an EBITDA of EUR
-0.74 million
Overview of cumulated figures as of December 31, 2011
In EUR million FY 2010 FY 2011 ChangeAUGUSTA Technologie AG
Sales revenues
Group 77.3 101.3 +31%
Vision 45.1 62.2 +38%
Other divisions 32.2 39.1 +21%
EBITDA
Group 10.7 17.9 +67%
Vision 12.4 17.5 +41%
Other divisions 2.5 4.2 +72%
Key figures
Incoming orders 86.6 107.3 +24%
Order backlog 25.1 39.3 +57%
Net profit (after DCO and minorities) 10.4 37.0 +256%
Earnings per share in EUR 1.37 4.85 +256%
Stefanie Zimmermann
Investor Relations&Corporate Communications
Willy-Brandt-Platz 3, D-81829 Munich
Tel.: +49 - (0)89 - 43 57 155 - 19
Fax: +49 - (0)89 - 43 57 155 - 59
E-mail: investor-relations(at)augusta-ag.com
The company
AUGUSTA Technologie AG is an integrated technology company with a focus on
niche markets of digital image processing and optical sensors.
Through its core Vision Technology segment, the company supplies digital
cameras and optical sensor systems for enhancing quality, safety and
efficiency. It develops and produces both standard products and
customer-specific systems for a broad range of uses in a number of sectors
including manufacturing, medical technology, multimedia, transport and
security technology. In its other divisions, AUGUSTA develops and sells
products for the power electronics and mobile measuring technology segment.
AUGUSTA is marked by its international presence and excellent customer
service.
In the 2011 fiscal year AUGUSTA generated consolidated sales revenues of
EUR 101.3 million and earnings before interest, tax, depreciation and
amortization (EBITDA) of EUR 17.9 million.
End of Corporate News
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Language: English
Company: Augusta Technologie AG
Willy-Brandt-Platz 3
81829 München
Germany
Phone: +49-(0)89-4357155-19
Fax: +49-(0)89-4357155-56
E-mail: stefanie.zimmermann(at)augusta-ag.com
Internet: www.augusta-ag.com
ISIN: DE000A0D6612, DE0003705992
WKN: A0D661, 370599
Indices: CDAX PRIMEALL
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, München, Stuttgart
End of News DGAP News-Service
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161741 22.03.2012
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Datum: 22.03.2012 - 08:27 Uhr
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News-ID 127339
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