DGAP-News: euromicron AG: Integration measures implemented as planned create the preconditions for the Agenda 500
(firmenpresse) - DGAP-News: euromicron AG / Key word(s): Miscellaneous
euromicron AG: Integration measures implemented as planned create the
preconditions for the Agenda 500
03.07.2013 / 08:52
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euromicron put on a new foundation
After around one year of 'core integration', euromicron is taking stock of
the build and integrate phase it initiated in 2012. Important stages on the
way to the Agenda 500 in 2015 have been achieved with the move to new
locations, reorganization of management structures at the operating
companies or expansion and modernization of the IT landscape. The
integration measures are being flanked successfully by investments in
product innovations and a Group-wide cost-cutting program.
Frankfurt/Main, July 3, 2013 - euromicron has implemented the extensive
integration measures initiated in 2012 as part of the 2- to 3-year phase of
core integration at the Group as planned and achieved fine successes in
doing so. The first EUR2 million in savings have been achieved in the first
half of the year, of which some EUR1 million will have an impact in 2013.
Integration objectives achieved at the halfway point
The move to new locations, such as in Bamberg, Erfurt, Berlin, Hanover,
Haan and at the headquarters in Frankfurt, means euromicron is now housed
in modern, forward-looking establishments that also reflect its growth
strategy. In most cases, euromicron was able to achieve savings by
negotiating new tenancy agreements or synergies by merging branch offices
of various group companies.
Expansion and modernization of the IT infrastructure was successfully
driven forward in the first 1½years of core integration, with the result
that the euromicron Group now has an infrastructure that can be adapted in
a modular and flexible manner to the company's further growth. euromicron's
experts actively contributed their own specialist know-how to the process.
By expanding IT into a shared service center for the entire Group, the
company is also aiming to provide even better support for operational
business and so help cut costs and save resources at the local companies.
With the reorganization of management structures at the operating units and
further qualification of the Group's management team, the objectives as
part of personnel measures were also achieved at the halfway point in core
integration. The Group will continue to actively work on ensuring the
company is endowed with the management capacities required for its planned
growth.
Future viability strengthened through product innovations
euromicron is established as a vendor-independent expert for network
infrastructures. However, the Group also numbers well-known production
companies, such as MICROSENS GmbH&Co. KG, EUROMICRON GmbH,
LWL-Sachsenkabel GmbH, ProCom GmbH, ELABO GmbH, NBG Fiber Optics GmbH or
SKM Skyline GmbH. These companies enable the Group's system houses to offer
their customers tailor-made, top-quality products and solutions. As part of
this, euromicron's own products and solutions are in competition with those
from other market players and must win over customers through their
performance and benefits.
Stepping up product innovations was therefore a further area of focus in
the current integration phase. euromicron's own work capitalized in 2012
was EUR5.6 million, EUR3.7 million higher than in the previous year. 'That
reflects the sharp increase in investments in connection with the
development of new products aimed at securing our market position,'
stresses Thomas Hoffmann from the Executive Board.
With its newly developed products, such as the FTTO and industrial switch
and the SFP transceiver from MICROSENS, the CAT 6a module of SKM Skyline,
the Primus One from ELABO or the DFS-21 of ProCom, the euromicron Group
caters for highly specialized product niches and so creates a competitive
edge for itself. Product innovations are a key component of euromicron's
strategy.
Cost-cutting program secures quality of earnings
Alongside the current integration measures, the company is reviewing all
organizational, responsibility and cost structures, including all
processes, so that the opportunities of the current phase of change can be
fully tapped before it grows further. Cost-cutting programs involving a
volume of around EUR10 million over the entire integration phase up to the
end of 2014 will help secure the quality of earnings and a rapid return on
investment.
Sights set on growth to EUR500 million in sales in 2015
euromicron has managed well in economic terms with the structural and
integration measures implemented as planned on an operationally stable
basis. 'We are thus investing in the company's sustainable development and
a stable platform and - as in the first 10 years of building the company -
we will benefit from that long term,' affirms Dr. Willibald Späth, Chairman
of the Executive Board of euromicron.
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 its 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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03.07.2013 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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219582 03.07.2013
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Datum: 03.07.2013 - 08:52 Uhr
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News-ID 275322
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