DGAP-News: exceet Group SE: exceet boosts sales by 10.7% in 2012
(firmenpresse) - DGAP-News: exceet Group SE / Key word(s): Final Results/Forecast
exceet Group SE: exceet boosts sales by 10.7% in 2012
28.02.2013 / 20:07
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Press Release
exceet boosts sales by 10.7% in 2012
- Group sales increased from EUR 170.5 million to EUR 188.8 million
- Strong 4th quarter with organic sales growth of 7.5%
- Recurring EBITDA of EUR 19.0 million, with a margin of 10.1%
- After a successful start to the year, Management is optimistic for 2013
Luxemburg, February 28, 2013 - exceet Group SE, a leading international
provider of intelligent electronics and security solutions, posted
consolidated sales of EUR 188.8 million during the 2012 business year. This
represents sales growth of 10.7% against the previous year's EUR 170.5
million. Since mid-year 2012 exceet has registered a steady improvement in
the business and earnings situation, and this continued through the 4th
quarter when the Group achieved sales of EUR 50.5 million (+21.5% against
Q4/2011). Organic growth during the closing Quarter was 7.5% over the
previous year's Q4.
Group earnings before interest, taxes, depreciation and amortization
(EBITDA) totalled EUR 16.8 million against EUR 24.5 million during the
previous year. Compared to 2011, the 2012 EBITDA was influenced by one-off
special effects such as restructuring measures as well as by an organic
decline in sales until Q3 2012. Adjusted for one-off expenditures for
cost-cutting restructuring measures, acquisitions and delayed IPO costs,
EBITDA amounted to EUR 19.0 million during the reporting year (recurring
EBITDA margin of 10.1% against 16.9% in 2011). 4th quarter EBITDA reached
EUR 4.9 million, more than double as the year-earlier value of EUR 2.3
million.
The net result for the past business year was EUR 3.4 million (2011: EUR
14.7 m). The earnings per share (Class A) of EUR 0.16 are based on a
weighted average number of 20,073,695 Class A shares (2011: EUR 1.45 /
10,154,719 shares).
Outlook
The economic outlook remains challenging, particularly in Europe where
financial market difficulties continue to subdue consumer sentiment.
However, the Group is well-positioned in its core market sectors of Health,
Industry and Security.
Particularly in the Health market sector, the market introduction of new
products in the field of medical implants and digital medical imaging are
major factors for a continued positive development of the Group.
For the Industry market sector, exceet is increasingly offering one-stop
solutions for complex, high-end electronic systems (embedded, robotics,
sensors) as well as M2M communication applications.
In the Security market sector, exceet is concentrating on mobile and
contactless payment and loyalty systems as well as on mobile enterprise
collaboration solutions, increasingly relying on state-of-the-art NFC
technologies.
In addition to strategic cost-cutting initiatives and the further expansion
of high-growth and high-margin market segments, described in detail in the
Management Report, exceet plans to undertake further acquisitions in 2013.
Due to the positive trend observed during the 4th quarter of 2012 and the
good start to the 2013 business year, Management is optimistic and expects
continued positive development of organic growth as well as profitability
at the recurring EBITDA level.
The complete Management Report 2012 is available at www.exceet.lu.
exceet Group SE
115, avenue Gaston Diderich
L-1420 Luxemburg
Frank Träger, Vice President Investor Relations
Email: f.traeger(at)exceet.ch
Tel: +41 41 499 9324
Fax:+41 41 499 9313
ISIN LU0472835155 (Public Shares), Regulated Market, Prime Standard,
Frankfurt/Main
ISIN LU0472839819 (Public 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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