DGAP-News: Profitable 2012 financial year for Viscom AG
(firmenpresse) - DGAP-News: Viscom AG / Key word(s): Final Results
Profitable 2012 financial year for Viscom AG
26.03.2013 / 07:30
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- Revenue slightly below target at EUR 50,037 thousand
- EBIT margin of 18.5 % exceeds expectations
- Revenue in the Americas region up 29 % year on year
- Proposed dividend: EUR 0.60 per share
Hanover, 26 March 2013 - Viscom AG (ISIN DE0007846867), European market
leader for high-quality automated optical inspection systems in the
electronics industry, again presented itself well on the market in the 2012
financial year, again achieving a high profit margin.
Viscom AG was not quite able to match the revenue generated in its record
year 2011. Even the strong performance in the second half of the year and
positive year-end business figures could not fully offset last year's weak
second quarter. At EUR 50,037 thousand, Group revenue in 2012 fell slightly
short of expectations, down 6.5 % year on year (previous year: EUR 53,499
thousand).
However, income figures in the past financial year were particularly
encouraging, even exceeding Viscom AG's own annual forecast. At 18.5 %, the
Company's EBIT margin is very good when compared to the rest of the
industry. In absolute terms, earnings before interest and taxes (EBIT)
amounted to EUR 9,248 thousand (previous year: EUR 12,014 thousand).
Revenue in Germany in the amount of EUR 18,367 thousand decreased by
approximately 25 % compared to the previous year (previous year: EUR 24,345
thousand). This was due to the continued outsourcing of product capacities
abroad and the abating backlog in recent years. In Europe, revenue was up
approximately 12 % year on year at EUR 14,103 thousand (previous year: EUR
12,554 thousand). As in the previous year, impulses from the relocation and
development of production capacity in Eastern Europe continued in 2012. The
Europe region generated total revenue of EUR 32,470 thousand (previous
year: 36,899 thousand). Earnings before interest and taxes (EBIT) amounted
to EUR 7,796 thousand (previous year: EUR 10,439 thousand).
Total revenue in Asia declined by approximately 10 % to EUR 8,954 thousand
(previous year: EUR 9,936 thousand) due mainly to the strong competition
among low-cost providers in the region. Earnings before interest and taxes
(EBIT) amounted to EUR 494 thousand (previous year: EUR 1,072 thousand).
The US economy recovered only moderately in the year under review. Despite
this, Viscom achieved decidedly positive revenues in this region. At EUR
8,613 thousand, Viscom's revenue in this segment was up approximately 29 %
year on year (previous year: EUR 6,664 thousand). Earnings before interest
and taxes (EBIT) amounted to EUR 958 thousand (previous year: EUR 503
thousand).
Net profit for the period declined from EUR 8,496 thousand in the previous
year to EUR 6,638 thousand.
The Executive and Supervisory Boards will propose to the Annual General
Meeting that a dividend of EUR 0.60 per share be paid, corresponding to a
dividend payout ratio of more than 80 %. The dividend yield amounts to 7.9
% on a closing price of EUR 7.60 per share on 31 December 2012.
At EUR 47,427 thousand, incoming orders for 2012 were down approximately 7
% on the value of EUR 50,931 thousand for the previous year. Order backlog
declined to EUR 8,302 thousand at the end of 2012 (previous year: EUR
10,912 thousand).
For 2013, Viscom AG'sManagement anticipates an increase in revenue of
around 10 % on the previous year. The EBIT margin will likely be somewhere
between 13 % and 17 %.
The Annual Report 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.
KEY FIGURES OF THE GROUP
2012 2011SEGMENT INFORMATION
Revenue KEUR 50,037 53,499
EBIT KEUR 9,248 12,014
EBIT margin % 18.5 22.5
Net profit for the period KEUR 6,638 8,496
Total assets KEUR 72,505 72,480
Equity ratio % 85.9 86.0
Cash flow statement KEUR 9,520 11,535
CF from operating activities KEUR -1,594 -8,814
CF from investing activities KEUR -6,665 86
Cash and cash equivalents at end of period KEUR 30,014 28,810
Earnings per share EUR 0.75 0.96
Employees at end of year 286 273
2012 2011Contact:
EUROPE
Revenue KEUR 32,470 36,899
EBIT KEUR 7,796 10,439
EBIT margin % 24.0 28.3
ASIA
Revenue KEUR 8,954 9,936
EBIT KEUR 494 1,072
EBIT margin % 5.5 10.8
AMERICAS
Revenue KEUR 8,613 6,664
EBIT KEUR 958 503
EBIT margin % 11.1 7.5
Viscom AG
Investor Relations
Sandra M. Liedtke
Carl-Buderus-Str. 9-15
30455 Hannover
Tel.: +49-511-94996-850
Fax: +49-511-94996-555
investor.relations(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 94 996 850
Fax: +49 (0) 511 94 996555
E-mail: investor.relations(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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205043 26.03.2013
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