DGAP-News: Viscom AG: Strongest incoming orders in Viscom Group's history
(firmenpresse) - DGAP-News: Viscom AG / Key word(s): Half Year Results
Viscom AG: Strongest incoming orders in Viscom Group's history
22.08.2013 / 08:00
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- Incoming orders of EUR 25,281 thousand - up 16.7 % year on year
- Sales revenues on par with previous year at EUR 24,177 thousand
- EBIT margin of 12.6 % in line with expectations
- Viscom confirms annual guidance
Hanover, 22 August 2013 - After a rather slow start to the 2013 financial
year, incoming orders in the first half of 2013 were the strongest they
have been in Viscom Group's history. The German mechanical engineering
sector in particular continued to feel the impact of investors' reluctance
and the weak economy linked with it. In the first quarter of 2013 Viscom
had been unable to escape entirely from this market situation, sensing the
hesitancy among its customers.
However, a trend reversal in customer orders was clearly evident already at
the end of the first quarter of 2013. In the first six months of 2013,
Viscom received orders totalling EUR 25,281 thousand (previous year: EUR
21,670 thousand). This corresponds to an increase of 16.7 % compared to the
previous year. This excellent order situation completely compensated for
the weaker first quarter.
The positive number of incoming orders resulted in the order backlog
increasing to EUR 9,406 thousand (previous year: EUR 8,183 thousand),
ensuring that Viscom has a good capacity utilization for more than two
months.
Viscom Group's revenue amounted to EUR 24,177 thousand in the first six
months of 2013 (previous year: EUR 24,399 thousand) and was on par with the
previous year's level.
Earnings before interest and taxes (EBIT) amounted to EUR 3,046 thousand
(previous year: EUR 4,028 thousand). This corresponds to an EBIT margin of
12.6 % (previous year: 16.5 %). Reasons for this decrease were, on the one
hand, an increase in competition and pricing pressure in the regions and,
on the other, a reduction of inventories of finished goods and work in
progress compared to a very large build-up of inventories in the previous
year.
Viscom Group posted a net profit for the period on the reporting date of 30
June 2013 amounting to EUR 2,393 thousand in the first half of 2013
(previous year: EUR 2,905 thousand).
Viscom maintained its market leadership in Europe despite increased
competitive pressure. However, Viscom customers in this segment showed
reluctance to invest and the slowdown from the previous year continued. In
addition, the weak automotive market was especially so in the southern
European countries. Demand also suffered from the sluggish economy. This
situation in the market had a negative effect on Viscom Group's business
above all in Europe and here especially in the German domestic market in
the first six months of 2013. Production volume continued to grow
considerably in Asia, whereas it stagnated in Europe.
The Asia region emerged as an engine of growth for Viscom in the first half
of the year and significantly increased the number of incoming orders and
Viscom's revenue. Another welcome development is Viscom's strengthening in
areas outside the automotive electronics sector, demonstrating the
successful realignment of the company's product portfolio in recent years.
In the region of the Americas, demand specifically in the manufacturing of
automotive electronics in North America continuedin the first half of 2013
after being strong in 2012. The generally positive trend in the United
States' economy led to a slight growth in demand from small and
medium-sized service providers.
Viscom expects business to remain stable in the second half of 2013. The
Executive Board is therefore continuing to stick with the published annual
guidance and expects revenue growth of around 10 % year on year for the
current financial year. The EBIT-Margin is likely to be between 13 % and 17
%.
The complete Interim Report as of 30 June 2013 is now available on the
company website www.viscom.de under Investor Relations.
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
Consolidated income statement 01.01.-30.06.2013 01.01.-30.06.2012
Revenue KEUR 24,177 24,399
EBIT KEUR 3,046 4,028
EBIT-Margin % 12.6 16.5
Net profit for the period KEUR 2,393 2,905
Earnings per share EUR 0.27 0.33
Employees (as of 30 June) 294 285
Consolidated balance sheet 30.06.2013 31.12.2012
Assets
Current assets KEUR 56,468 61,423
Non-current assets KEUR 11,550 11,082
thereof: Financial assets KEUR 4,680 4,680
Total assets KEUR 68,018 72,505
Liabilities
Current liabilities KEUR 7,453 9,280
Non-current liabilities KEUR 1,201 949
Shareholders' equity KEUR 59,364 62,276
Total liabilities and shareholders' equity KEUR 68,018 72,505
Equity ratio % 87.3 85.9
Cash flow statement 01.01.- 01.01.-SEGMENT INFORMATION
30.06.2013 30.06.2012
Cash flow from operating KEUR 1,601 5,092
activities
Cash flow from investing KEUR -1,390 -821
activities
Cash flow from financing KEUR -5,331 -6,664
activities
End of period capital KEUR 24,905 26,481
01.01.-30.06.2013 01.01.-30.06.2012Contact:
EUROPE
Revenue KEUR 13,668 16,399
EBIT KEUR 2,069 3,175
EBIT-Margin % 15.1 19.4
ASIA
Revenue KEUR 6,399 3,602
EBIT KEUR 559 103
EBIT-Margin % 8.7 2.9
AMERICAS
Revenue KEUR 4,110 4,398
EBIT KEUR 418 750
EBIT-Margin % 10.2 17.1
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 94 996 555
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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226864 22.08.2013
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