DGAP-News: exceet Group SE: Modest start into 2013 in a difficult economic environment
(firmenpresse) - DGAP-News: exceet Group SE / Key word(s): Interim Report/Quarter
Results
exceet Group SE: Modest start into 2013 in a difficult economic
environment
13.05.2013 / 19:56
---------------------------------------------------------------------
Press Release
Modest start into 2013 in a difficult economic environment
- Sales of EUR 43.1 million representing a decrease of 6,4 %
- EBITDA of EUR 2.9 million, reflecting 6,6% EBITDA margin
- Net earnings of EUR 3.2 million (against EUR -2.7 million in Q1 2012)
- Strong start in Q2
Luxemburg, May 13, 2013 - exceet Group SE, a leading international provider
of intelligent electronics and security solutions, posts consolidated sales
of EUR 43.1 million (EUR 46 million in Q1 2012) for the first three months
of the current business year. Organically the group's sales declined by
16.5 % in comparison to an exceptional strong Q1 2012. The first quarter
showed a cautious ordering behaviour of several key customers, which have
requested postponed deliveries. However, exceet estimates that the order
situation will recover during the running year. The very positive start in
Q2 confirms the overall expectations for 2013.
In line with exceet's expectations were the incoming orders of almost EUR
45.3 million during the first quarter which resulted in an order backlog of
EUR 101.9 million at the end of Q1. Order Book in Q1 was in line with
expectations and showed an encouraging Book-to-Bill ratio of 1.1.
Group earnings before interest, taxes, depreciation and amortization
(EBITDA) totalled EUR 2.9 million which represents a decline of 41.3%
against EUR 5.0 million during the previous year. The business contraction
has impacted profitability due to underutilization during the first
quarter.
As of March 31, 2013, the Group reports net earnings of EUR 3.2 million
(against EUR -2.7 million during the first 3 months of 2012). The positive
net earnings were mainly caused by the gain in financial instruments due to
the revaluation of the public warrants. Subsequently earnings per share
increased for Class A shares from EUR -0.08 in Q1 2012 to EUR 0.15 in Q1
2013.
Outlook
The economic outlook remains challenging, particularly in Europe where
financial market difficulties continue to subdue consumer sentiment.
However, exceet group reiterates its stated ambition to post positive
organic revenue development and improving recurring EBITDA margin compared
with Fiscal Year 2012. In addition, the efficiency programs that have been
put in place by the management will show positive margin impact in the next
quarters.
Particularly in the Health market sector, the focus on new cutting edge
technologies such as ultra-High Density Interconnection (HDI) for Printed
Circuit Boards (PCB) will further strengthen exceet's unique competitive
position in the market for highly miniaturised solutions.
For the Industry market sector, exceet is enhancing its offering of
one-stop solutions for complex, high-end electronic systems as well as M2M
communication applications.
In the Security market sector, exceet develops a Trusted Service Management
(TSM) Platform which will combine Near Field Communication (NFC) technology
and mobile payment solutions (including Barcode Payment) for comprehensive
loyalty and payment programs.
In addition to strategic cost-cutting initiatives and the further expansion
in high-growth and high-margin market segments, exceet will increase its
offering of product platforms to further reduce the effects of cyclical
fluctuations.
exceet Group SE
115, avenue Gaston Diderich
L-1420 Luxemburg
Investor Relations
Email: Investor.Relations(at)exceet.lu
Tel: +49 172 3653167
ISIN LU0472835155 (Public Shares), Regulated Market, Prime Standard,
Frankfurt/Main
ISIN LU0472839819 (Public Warrants), Regulated Market, General Standard,
Frankfurt/Main
End of Corporate News
---------------------------------------------------------------------
13.05.2013 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------
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
---------------------------------------------------------------------
210847 13.05.2013
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 13.05.2013 - 19:56 Uhr
Sprache: Deutsch
News-ID 259308
Anzahl Zeichen: 0
contact information:
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 214 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"DGAP-News: exceet Group SE: Modest start into 2013 in a difficult economic environment"
steht unter der journalistisch-redaktionellen Verantwortung von
exceet Group SE (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
