DGAP-News: DATA MODUL AG with moderate start in the 1st quarter of 2013 as expected
(firmenpresse) - DGAP-News: DATA MODUL AG / Key word(s): Quarter Results
DATA MODUL AG with moderate start in the 1st quarter of 2013 as
expected
15.05.2013 / 16:30
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- 1st quarter of 2013 adversely affected by delayed revenues
- Revenues 33.4 million euros, - 6.7 %
- EBIT 0.4 million euros (previous year: 2.1 million euros)
- Further rise in order intake, order backlog at record level
As mentioned in the press release on February 20, 2013, DATA MODUL's first
quarter of 2013 was characterized by delays in customer call orders as a
result of the uncertain economic environment. Accordingly, revenues
declined 6.7 % to 33.4 million euros. The lack of contribution margin from
the delayed call orders and the slight decline in margins due to increased
competitive pressure resulted in a reduction in EBIT to 0.4 million euros
(previous year: 2.1 million euros). The Systems business was particularly
impacted by the delay in call orders. In recent years, the Systems business
has experienced especially strong growth in the course of DATA MODUL's
transition in the business model to a higher portion of value added through
customer-specific solutions and proprietary products. In the first quarter
of 2013, net income for the period amounted to 0.0 million euros (previous
year: 1.5 million euros).
On the positive side, order intake exceeded the very strong level of the
previous year by 1.7 % and amounted to 46.6 million euros despite the
difficult economic environment. This confirms DATA MODUL's successful
business model. Consequently, the order backlog increased 20.7 % to 94.6
million euros.This marked a new record in the Company's history.
Key Corporate Results of Data Modul AG according to IFRS
Jan.- March 2013 Jan. - March 2012 ChangeDATA MODUL expects customer uncertainty to dissipate in the course of the
Net revenue (in million euros) 33.4 35.8 (6.7) %
- Displays (million euros) 19.6 21.3 (8.0) %
- Systems (million euros) 13.8 14.5 (4.8) %
Order entry (million euros) 46.6 45.8 +1.7 %
Order backlog (million euros) 94.6 78.4 +20.7 %
EBIT (million euros) 0.4 2.1 (81.0) %
Net income (million euros) 0.0 1.5 (100.0) %
Capital expenditures 0.4 0.4 0.0 %
Employees (average for year) 335 306 +9.5 %
Earnings per share (euros) 0.00 0.43 (100.0) %
Based on number of shares 3,394,000 3,518,602 (3,5)%
year however the precise timing of this is difficult to foresee. On the
cost side, higher upfront investments are expected in the course of the
year for the relocation of production, the warehouse, and logistics from
Munich to Weikersheim, and the transformation of the business model. In
addition, we will forge ahead with our internationalization. This may lead
to a decline in profits in 2013 in comparison to the previous year.
Therefore, fiscal year 2013 - as already stated on several other occasions
- is a year of transition. Through these upfront investments, DATA MODUL is
paving the way for a very successful future.
The Management Board
Munich, May 15, 2013
End of Corporate News
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Language: English
Company: DATA MODUL AG
Landsberger Straße 322
80687 München
Germany
Phone: +49 (0)89 56017-105
Fax: +49 (0)89 56017-102
E-mail: barbara.lederer(at)data-modul.com
Internet: www.data-modul.com
ISIN: DE0005498901
WKN: 549890
Listed: Regulierter Markt in Frankfurt (Prime Standard), München;
Freiverkehr in Berlin, Düsseldorf, Hamburg, Stuttgart
End of News DGAP News-Service
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