DGAP-News: Viscom AG: Global economic conditions impact figures in the second quarter
(firmenpresse) - DGAP-News: Viscom AG / Key word(s): Half Year Results
Viscom AG: Global economic conditions impact figures in the second
quarter
23.08.2012 / 07:30
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Viscom AG: Global economic conditions impact figures in the second quarter
- Revenue of EUR 24,399 thousand as planned in the first half of 2012
- EBIT of EUR 4,028 thousand and EBIT margin of 16.5 % are on track
- Incoming orders of EUR 21,670 thousand slightly down year-on-year
- Viscom confirms annual guidance
Hanover, 23 August 2012 - Willingness to invest abated somewhat in the
first half of 2012 in the main sales markets of Viscom AG (ISIN
DE0007846867), European market leader for high-quality inspection systems
for automated optical inspection systems in the electronics industry.
Investment activities remain impacted by growing uncertainty caused in
particular by the European sovereign debt crisis. According to the Central
Association of the German Electrical and Electronics Industry
(Zentralverband Elektrotechnik- und Elektronikindustrie e.V.?ZVEI), order
intake was down in the whole German electrical industry in the first half
of the year. This development is also reflected in Viscom Group's key
figures.
Incoming orders reached their highest level since the IPO in the first
quarter of 2012, then declined in the second quarter. In the first six
months, the Company received orders with a total volume of EUR 21,670
thousand (previous year: EUR 24,493 thousand), corresponding to a drop of
11.5 % year-on-year. This also reflects the current international market
performance as well as uncertainties on a global scale. At EUR 8,183
thousand, order backlog on 30 June 2012 was down on EUR 11,120 thousand in
the previous year's period and corresponds to full capacity utilisation of
around two months.
Viscom generated EUR 24,399 thousand in revenue in the first six months of
2012 compared to EUR 26,853 thousand in the comparable period in 2011. This
corresponds to a revenue drop of around 9 %. This figure reflects the
already mentioned hesitancy to invest and the slow-down in the main sales
markets in the second quarter.
Earnings before interest and taxes (EBIT) amounted to EUR 4,028 thousand
(previous year: EUR 5,626 thousand). This corresponds to an EBIT margin of
16.5 %. Net profit on 30 June 2012 was EUR 2,905 thousand (previous year:
EUR 4,415 thousand).
The latest worsening of the banking crisis has further depressed sentiment
throughout Europe. The general economic situation deteriorated in the
second quarter with the markets cooling down considerably as a result,
particularly in the crisis-hit South European countries. Viscom
nevertheless continued to maintain its position as European market leader?despite declining year-on-year figures. Europe is Viscom Group's strongest
region by far with 67.2 % of revenues, generating EUR 16,399 thousand in
the first half of 2012 (previous year: EUR 20,388 thousand).
Group revenue in Asia was EUR 3,602 thousand, on par with EUR 3,623
thousand in the previous year. EBIT in Asia amounted to EUR 103 thousand
(previous year: EUR 431 thousand), and the EBIT margin came to 2.9 %
(previous year: 11.9 %). This reflects the high competitive pressure as
well as increased price sensitivity in the market. The cost structure also
reflects the increased number of employees.
The positive trend in the US market continued for Viscom. Revenue growth
was largest in this region at 54.8 % in the first six month, rising from
EUR 2,842 thousand in the previous year's period to EUR 4,398 thousand.
Despite the general uncertainty in both the markets and the whole global
economy, we continue to expect to generate revenues of EUR 52 million to
EUR 54 million in the 2012 financial year as well as an EBIT margin of 13 %
to 17 %.
The full Interim Report as of 30 June 2012 is now available on the Company
website www.viscom.de in the Investor Relations section.
Any forecasts, expectations or forward-looking statements included in this
report may carry risks and uncertainties. We therefore cannot guarantee
that these assumptions will turn out to be correct. Actual results and
developments may vary significantly from the forecasts and assumptions made
in this report. Factors that may lead to such deviations include changes to
the general economic development and competitive position, exchange rate
and interest rate fluctuations as well as amendments to national and
international laws. The Company does not assume any responsibility for
updating the statements contained in this report.
Viscom AG Key Figures
Key Group Figures
Key figures (KEUR) 01.01.?30.06.2012 01.01.?30.06.2011Segment Information
Revenue 24,399 26,853
EBIT 4,028 5,626
EBIT margin 16.5 % 21.0 %
Financial result 167 242
Taxes on income -1,290 -1,453
Net profit for the period 2,905 4,415
Earnings per share EUR 0.33 EUR 0.50
Number of shares 9,020,000 9,020,000
Dividend bearing shares 8,885,060 8,885,060
Number of employees (as of 30 June) 285 266
Key figures (KEUR) 01.01.?30.06.2012 01.01.?30.06.2011Contact:
Europe
Revenue 16,399 20,388
EBIT 3,175 4,894
EBIT margin 19.4 % 24.0 %
Asia
Revenue 3,602 3,623
EBIT 103 431
EBIT margin 2.9 % 11.9 %
Americas
Revenue 4,398 2,842
EBIT 750 301
EBIT margin 17.1 % 10.6 %
Viscom AG
Investor Relations
Dirk Schwingel
Carl-Buderus-Str. 9-15
30455 Hannover
Tel.: +49-511-94996-771
Fax: +49-511-94996-555
dirk.schwingel(at)viscom.de
End of Corporate News
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Language: English
Company: Viscom AG
Carl-Buderus-Strasse 9-15
30455 Hannover
Germany
Phone: +49 (0) 511 94 996 771
Fax: +49 (0) 511 94 996 555E-mail: dirk.schwingel(at)viscom.de
Internet: www.viscom.de
ISIN: DE0007846867
WKN: 784686
Listed: Regulierter Markt in Frankfurt (General Standard),
Hannover; Freiverkehr in Berlin, Düsseldorf, München,
Stuttgart
End of News DGAP News-Service
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182565 23.08.2012
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