DGAP-News: Digital Identification Solutions AG: Final Results 2009: Sales down by 4.2% to EUR 20.5 million - EBIT amounts to EUR -0.75 million
(firmenpresse) - Digital Identification Solutions AG / Final Results
29.06.2010 17:15
Dissemination of a Corporate News, transmitted by
DGAP - a company of EquityStory AG.
The issuer / publisher is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
Stuttgart/Germany, June 29, 2010 - Digital Identification Solutions AG
(DISO), a leading international ID solutions provider, reports the
following consolidated results for the past fiscal year 2009:
EUR '000 2008 2009In fiscal year 2009, sales of DISO AG decreased to EUR 20.5 million, among
Sales 21.403 20.494
Gross profit 10.372 10.465
EBITDA 577 -11
EBIT 53 -745
Net profit for the year -820 -1.064
other things due to the economic crisis and the resulting impact on
investment spending in our customer industries. This represents a decline
of almost 4.2% compared to the previous year's figure of EUR 21.4 million
and the first decrease in sales in the Company's history.
The sales development was disappointing above all in the European and North
American markets. The share in total sales of these markets decreased from
67% in 2008 to 55% in 2009. Very high growth rates were achieved by our
companies in Asia and the Middle East/Africa, in some areas up to 50%, as
customers continued to expand their infrastructures in spite of the crisis.
This growth, however, could not fully offset the sales decline in Europe
and North America.
The gross profit margin fell from 48.4% in 2008 to 42% in 2009. This
decline was attributable to the changed product mix (less sales revenue
generated in the Software and Services segment), overall reduced margins in
the Hardware segment, stronger currency effects (especially from the
Japanese YEN) compared to the previous years as well as write-downs on
inventories.
Operating expenses amounted to EUR 10.4 million in 2009, unchanged from the
prior-year period. General operating expenses such as travel and trade fair
expenses could be reduced, while staff costs (expansion of sales force) and
amortization and depreciation expenses increased in the same period.
Year-end results 2009 - EBITDA declines by EUR 0.6 million
The Group's earnings before interest, taxes, depreciation and amortization
(EBITDA) for the past fiscal year amounted to EUR 0.0 million as compared
with EUR 0.6 million in the prior year. Earnings before interest and taxes
(EBIT) amount to EUR -0.7 million as compared with EUR 0.1 million in
fiscal year 2008. Earnings before taxes (EBT) in 2009 came to EUR -0.7
million, after EUR -1.2 million a year earlier. The Group's net loss after
tax for the fiscal year 2009 amounts to EUR -1.1 million, down from EUR
-0.8 million in 2008. The difference between earnings before tax and the
net loss after tax in the amount of EUR -0.3 million primarily results
from income taxes in the U.S. as well as from the valuation adjustment
required to be recognized for deferred taxes in accordance with
International Financial Reporting Standard (IFRS), which did not lead to
any cash outflows though.
Equity ratio still on a high level of above 65%
Total assets increased only slightly compared to the previous year,
climbing EUR 0.3 million to EUR 17.3 million (2008: EUR 17.0 million).
Inventories were reduced by almost 30%, but trade receivables rose
following strong sales in December. At 65%, the equity ratio remains on a
high level. Tight management of working capital enabled us to almost
completely avoid additional borrowings.
The sales trend in fiscal year 2010 has been very positive so far. Strong
growth has been achieved in the Consumables and Software businesses. In
addition, DISO AG is currently benefiting from a very large order book. We
have also achieved the first successes for some of the projects which DISO
AG is involved in.
Outlook 2010 - Investment spending remains subdued
Despite the cautiously optimistic outlook for the overall market, DISO AG
expects relatively strong sales growth in 2010 which will be led above all
by the American and Asian markets. We also expect sales growth to continue
in the Middle East and Africa. Sales are expected to amount to approx. EUR
25.0 million in 2010, leading to a bottom-line improvement of around EUR
0.5 million. However, we must continue our efforts to improve our structure
and cost base.
The Management Board
About Digital Identification Solutions
The Digital Identification Solutions Group is a global provider of advanced
identification solutions with a worldwide installed base of more than
11,000 systems. In October 2009 the Group introduced to the world market
the latest EDIsecure(R) XID Retransfer Printer generations for distinct
Business Line segments as well as a much enhanced Professional Line
Portfolio in combination with new Inline Lamination Modules. The
Professional Line Portfolio will support multiple new modules in the
forthcoming future, as well as the revolutionary LCP 9000 Laser Color
Personalization System, which had been pre-announced already earlier. The
company has own sales-, marketing-, logistic- and support centers in
Germany, the United Arab Emirates, Singapore, China, the United States and
Mexico. Together with its vast network of certified partners, Digital
Identification Solutions is in a position to deliver state-of-the-art
solutions virtually anywhere in the world. The company combines
cutting-edge technology, extensive industry know-how and an impressive
array of references in the private and public sector.
For further information please visit www.digital-identification.com
Contact:
Sabrina Poessl
Corporate Communications
Digital Identification Solutions AG
Teckstrasse 52
73734 Esslingen
Germany
Phone: ++49 711-341 689-0
Fax: ++49 711-341 689-550
mail_ir(at)digital-identification.com
29.06.2010 17:15 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv atwww.dgap-medientreff.deandwww.dgap.de---------------------------------------------------------------------------
Language: English
Company: Digital Identification Solutions AG
Teckstraße 52
73734 Esslingen
Deutschland
Phone: +49 (0)711 341 689 280
Fax: +49 (0)711 341 689 550
E-mail: spoessl(at)digital-identification.com
Internet: www.digital-identification.com
ISIN: DE000A0JELZ5
WKN: A0JELZ
Listed: Freiverkehr in Berlin, Düsseldorf, München, Stuttgart; Entry
Standard in Frankfurt
End of News DGAP News-Service
---------------------------------------------------------------------------
Datum: 29.06.2010 - 17:15 Uhr
Sprache: Deutsch
News-ID 23185
Anzahl Zeichen: 0
contact information:
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 301 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"DGAP-News: Digital Identification Solutions AG: Final Results 2009: Sales down by 4.2% to EUR 20.5 million - EBIT amounts to EUR -0.75 million"
steht unter der journalistisch-redaktionellen Verantwortung von
Digital Identification Solutions AG (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
