DGAP-News: euromicron AG: Stable operational business and continuation of the integration measures
(firmenpresse) - DGAP-News: euromicron AG / Key word(s): Quarter Results
euromicron AG: Stable operational business and continuation of the
integration measures
08.05.2013 / 07:00
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- Consolidated sales are EUR77.3 million
- Consolidated EBITDA is around EUR6.2 million
- Orders books are EUR132.4 million, on a par with the previous year
- A dividend of EUR0.30 planned
Frankfurt/Main, May 8, 2013 - In the first quarter of 2013 and so at the
start of the second 'year of core integration' in the build and integrate
phase, euromicron is working intensively to create the conditions for
tackling the Agenda 500 - i.e. expansion of the company to achieve
annualized sales of EUR500 million in 2015 - on a solid, economically
stable base. The integration measures intended for this have been continued
and stepped up with undiminished effort. On the basis of this, the
Executive Board is planning organic growth in sales in fiscal 2013 of 5% to
10 %, i.e. to EUR350-365 million.
Consolidated sales Given the restrained economic climate at the beginning
of the year, euromicron posted consolidated sales of around EUR77.3 million
at March 31, 2013, compared with EUR80.5 million in the particularly strong
first quarter of the previous year. The euromicron Group's total operating
performance was EUR78.3 million (previous year: EUR83.8 million).
Consolidated income EBITDA was EUR6.2 million following EUR7.5 million last
year, or a margin of 8.0%. Operating income of the associated companies was
EUR5.4 million (previous year: EUR7.0 million). In the first quarter of
fiscal 2013, euromicron posted consolidated income before interest and
taxes of around EUR4.1 million (previous year: EUR5.7 million), The EBIT
return is 5.3% and so, as anticipated, at a good level despite the
restrained economic climate in the first quarter of 2013, an aspect that
shows the effect of the Group's flexibilization of cost structures. The net
profit for the period after minority interests as of March 31, 2013, was
EUR2.2 million (previous year: EUR3.4 million). Undiluted earnings per
share were EUR0.33 (previous year: EUR0.50).
Order situation at the Group New orders were EUR82.4 million (previous
year: EUR87.5 million). Order books were approximately EUR132.4 million,
around the level of the previous year (EUR134.4 million), and - in
conjunction with the highly promising new orders in April - form a good
basis for achieving the targets for 2013. The Group is not currently aware
of any risks from significant project delays or postponements.
Balance sheet structure The euromicron Group's total assets at March 31,
2013, were EUR286.0 million, an increase of EUR2.1 million over the figure
at December 31, 2012 (EUR283.9 million).
Personnel 1,705 persons were employed by the euromicron Group as of March
31 of fiscal 2013. Personnel costs totaled EUR22.5 million (previous year:
EUR21.1 million).
Equity Equity at March 31, 2013, was EUR121.1 million, EUR2.0 million
above the level stated in the consolidated financial statements as of
December 31, 2012. The equity ratio was as aimed for at 42.3%.
euromicron's share Against the backdrop of an extremely volatile stock
market and a sharp reduction in the shares held by large investors in small
caps, euromicron's share performed respectably and in line with the index
in the first quarter of 2013. The share began the first quarter at EUR18.14
and ended it at EUR15.66. Analysts assume that the price will rise sharply
in the course of the present fiscal year. Consequently, many analysts and
research houses regard an upside target of up to EUR25.50 as realistic and
continue to recommend buying the share.
The Executive Board and Supervisory Board will propose to the General
Meeting on May 17, 2013, to distribute EUR0.30 per share in line with its
continuous dividend policy. That corresponds to around 50% of euromicron
AG's profit.
Outlook 'As in 2012, we aim to focus on integrating our company in the
further course of fiscal 2013 in order to put euromicron on a new
structural and professional foundation as soon as possible. Feasible
structures and enhanced agility are vital to enabling us to grow our sales
volume to EUR500 million,' explains Dr. Willibald Späth, Chairman of the
Executive Board.
To achieve that objective, the company will initially focus on continuing
and intensifying the scope and speed of the measures aimed at optimizing
its corporate structures as part of the Agenda 500. As a second focus of
the Agenda 500, euromicron will focus in fiscal 2013 on developing its
business organically and strategically rounding out its expertise in the
market and its regional activities. euromicron expects that the rather
restrained level of investment at the beginning of the year will be
overcome in its market in 2013.
Cost-cutting programs will flank the various personnel, structural and
financial measures and will contribute around EUR10 million over the
integration phase up to the end of 2014 and so help secure the quality of
earnings.
'We feel certain that this path also reflects the interests of the company
and our growing circle of shareholders as best possible. We will continue
to be guided by these interests in future and work in a focused way to
fulfill them,' concludes the Chairman of the Executive Board.
You can find the Q1/2013 Interim Report as of May 8, 2013, on our homepage
at http://www.euromicron.de/finanzberichte.
euromicron AG (www.euromicron.de) is an all-round solution provider for
communications, transport, data and security networks. euromicron's network
infrastructures integrate voice, video and data transport wirelessly, via
copper cable and by means of fiber-optic technologies. euromicron builds
leading applications, such as security, control, healthcare or surveillance
systems, on the basis of these cutting-edge network infrastructures.
Founded on its expertise as a developer and producer of fiber-optic
components, euromicron AG is a strongly growing, highly profitable group
that is listed on the stock market, has a medium-sized character and
focuses on operational growth, integration and further market penetration,
internationalization and expansion.
Contact:
euromicron AG
Investor&Public Relations
Zum Laurenburger Hof 76
60594 Frankfurt/Main
Germany
Phone: +49 (0)69-631583-0
Fax: +49 (0)69-631583-17
E-mail: IR-PR(at)euromicron.de
http://www.euromicron.de
ISIN DE000A1EMGE2
Securities identification number A1EMGE
End of Corporate News
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08.05.2013 Dissemination of a Corporate News, transmitted by DGAP - a
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Language: English
Company: euromicron AG
Zum Laurenburger Hof 76
60594 Frankfurt am Main
Germany
Phone: +49(0) 69 631583-0
Fax: +49(0) 69 631583-17
E-mail: info(at)euromicron.de
Internet: www.euromicron.de
ISIN: DE000A1K0300
WKN: A1K030
Indices: TecDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, Stuttgart
End of News DGAP News-Service
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210177 08.05.2013
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