DGAP-News: exceet Group SE: Record year for exceet Group SE in 2011
(firmenpresse) - DGAP-News: exceet Group SE / Key word(s): Final Results/Final Results
exceet Group SE: Record year for exceet Group SE in 2011
30.03.2012 / 08:00
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- Group sales up 42.7% to EUR170.5 million
- Adjusted EBITDA up 62.9% to EUR28.8 million
- 2012 off to a very good start
Luxembourg, 30 March 2012 - exceet Group SE, one of the leading suppliers
of integrated electronic products and solutions had a very successful
business year in 2011. Group sales rose by 42.7% to EUR170.5 million during
the period under review (2010: EUR119.4 million). The group achieved
organic growth of 10.8%. Sales growth was driven primarily by strong demand
in the medical technology and industrial automation divisions. The EBITDA,
before one-time IPO/SPAC costs of EUR3.4 million as well as restructuring
provisions of EUR1.0 million, increased by 62.9% year-on-year to EUR28.8
million (2010: EUR17.7 million). This led to an EBITDA margin of 16.9%
(2010: 14.8%). The adjusted EBIT likewise increased significantly by 74.3%
to EUR20.7 million (2010: EUR11.9 million). This corresponds to an EBIT
margin of 12.1% (2010: 9.9%). Earnings after tax rose by 62.4% to EUR14.7
million (2010: EUR9.1 million). This resulted in earnings per share of
EUR1.45 based on 10,154,719 shares
(2010: EUR2.95 / 3,069,736 shares).
Equity as at 31 December 2011 was EUR85.6 million, an increase of 52.9% on
the previous year's figure (2010: EUR56.0 million). With a balance sheet
total of EUR171.1 million (2010: EUR127.8 million) the equity ratio
increased to 50.0% (2010: 43.8%). Liquid funds as at 31 December 2011
amounted to EUR40.1 million, which was more than double the figure reported
at last year's balance sheet date (2010: EUR18.9 million). This gives a net
cash balance of EUR11.3 million at the reporting date (2010: net debt
EUR6.6 million).
As at 31 December 2011, the Group's orders on hand amounted to EUR101.3
million. This represents an increase of 45.3% or EUR31.6 million compared
to the same time last year (2010: EUR69.8 million). What was particularly
positive was the growth of orders received in the medical technology,
industrial automation and security solutions markets.
Outlook
In order to ensure long-term profitable growth, exceet is focusing its
business activities consistently on attractive future markets. Backed up by
high quality products and solutions, outstanding innovations, highly
efficient production locations and close customer relationships, the Group
sees very good growth opportunities for 2012 as well.
exceet is looking ahead to the new business year with confidence. Despite
the difficult economic conditions and the associated uncertainties, the
exceet Group will continue to implement its growth strategy in the targeted
way. The new business year 2012 got off to a very promising start.
Especially in the area of medical technology, the successful conclusion of
development contracts resulted in a high level of orders received. In the
area of IT security, the demand for products and solutions for the save
storage of data in the 'cloud' has increased substantially.
This excellent order situation and the development of turnover in the first
months of 2012 are strengthening exceet's resolve to achieve its target of
increasing turnover by at least 20% per year. The company expects this
positive trend to continue during the course of this year and assumes that
the adjusted EBITDA will be in line with the previous year's figure. The
Group is firmly committed to the medium-term target of achieving an EBITDA
margin of
18%.
With a comfortable net cash position of EUR11.3 million and liquid funds of
EUR40.1 million, exceet has a solid financing basis. exceet will take
advantage of this strong and secure initial financial situation to continue
its successful buy and build strategy.
The Group's outlook takes into account the uncertain overall conditions in
terms of the ongoing international economic development, even if parts of
the core business of the exceet Group are unlikely to be affected by
economic fluctuations.
The full Annual Report 2011 is published at www.exceet.ch.
exceet Group SE
114, avenue Gaston Diderich
L-1420 Luxembourg
Fabian Rau, Vice President Investor Relations
E-mail: f.rau(at)exceet.ch
Tel.: +41 (0)79 3125998
ISIN LU0472835155 (Leading Shares), Regulated Market, Prime Standard,
Frankfurt/Main
ISIN LU0472839819 (Leading Warrants), Regulated Market, General Standard,
Frankfurt/Main
End of Corporate News
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Language: English
Company: exceet Group SE
114, avenue Gaston Diderich
L-1420 Luxemburg
Grand Duchy of Luxembourg
Phone: +352 2600 3181
Fax: +352 2600 3133
E-mail: info(at)exceet.ch
Internet: www.exceet.ch
ISIN: LU0472835155, LU0472839819
WKN: A0YF5P, A1BFHT
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in München
End of News DGAP News-Service
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163141 30.03.2012
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Datum: 30.03.2012 - 08:00 Uhr
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