DGAP-News: Viscom AG: Turnaround has been accomplished - outlook entirely positive
(firmenpresse) - Viscom AG / Half Year Results
27.08.2010 07:30
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- Revenue of EUR 12,844 thousand clearly up year on year (previous year:
EUR 9,756 thousand)
- EBIT positive again at EUR 915 thousand (previous year: EUR -6,799
thousand)
- Incoming orders up by around 88 % to EUR 17,017 thousand (previous
year: EUR 9,071 thousand)
- Earnings per share amount to EUR 0.13 (previous year: EUR -0.70)
Hanover, 27 August 2010 - Viscom AG (ISIN DE0007846867), European market
leader for automatic optical inspection systems in the electronics
industry, was able to use the recovery in the market since the first
quarter of 2010 to its advantage and is now reporting positive earnings and
financial key figures again. The Group generated EUR 12,844 thousand in
revenue in the first half of 2010, corresponding to an increase of around
32 % year on year (previous year: EUR 9,756 thousand). 'The markets are
recovering, especially in the high-end machinery sector. We were able to
defend our position as an international leader in the technology sector for
high-quality high-end inspection systems, and this is now paying off,'
comments Dr. Martin Heuser, Executive Board member and founder of Viscom
AG.
The order situation at the end of the first half of 2010 was particularly
positive. Order backlog came to EUR 9,428 thousand, around 71 % up year on
year (previous year: EUR 5,513 thousand). The volume of incoming orders has
also left Viscom AG optimistic. Customers placed orders with the Group to
the value of EUR 17,017 thousand, an increase of around 88 % (previous
year: EUR 9,071 thousand). 'The high number of incoming orders in Asia is
promising. At around EUR 4.6 million, this figure is back to pre-crisis
levels. We are particularly pleased about this as it confirms our
strategy,' explains Volker Pape, Executive Board member and founder of
Viscom AG.
The Group increased its revenue, reduced costs in all areas and recognised
several one-off effects. As a result Viscom achieved net profit for the
period of EUR 1,112 thousand (previous year: EUR -6,190 thousand). 'One-off
effects, which have increased profit and are particularly worth mentioning,
are the reduction of impairment losses for goods that show none or little
demand during a certain period of time of around EUR 1.6 million and the
recognition of development services of around EUR 0.5 million,' explicates
Ulrich Mohr, CFO of Viscom AG. EBIT amounted to EUR 915 thousand (previous
year: EUR -6,799 thousand), and the EBIT margin currently comes to a
satisfactory 7.1%.
The outlook for the second half of the year is positive. Due to seasonal
effects, Viscom AG generates the majority of its annual revenue in the
second half of the year, as companies tend to carry out their large
investments towards the end of a year. In view of the recent rise in
demand, Viscom AG's Management is standing by its 2010 guidance and
continues to expect that it will achieve at least EUR 30 million in revenue
and that net profit for the period from operations will break even in the
2010 financial year.
The complete Viscom Interim Report, 30 June 2010 is now available on the
Company website at www.viscom.com under Investor Relations.
Any forecasts, speculations or statements regarding future events included
in this press release may contain risks and be of unreliable nature. We can
therefore not guarantee that these speculations will prove true. Actual
results and developments may vary greatly from the expressed speculations
and assumptions. Factors that could cause actual results to differ from
forecasts include, amongst others, changes in the general economic
environment and competition, exchange rate and interest rate fluctuations,
changes of national and international laws. The Company does not assume any
responsibility to update the statements contained in this press release.
Key figures of Viscom AG
Group information
Key figures (KEUR) 01.01.-30.06.2010 01.01.-30.06.2009Segment Information
Revenue 12,844 9,756
EBIT 915 -6,799
EBIT margin 7.1 % -69.7 %
Financial result 188 308
Income taxes 9 301
Net profit for the period 1,112 -6,190
Earnings per share 0.13 EUR -0.70 EUR
Number of shares 9,020,000 9,020,000
Number of weighted shares 8,885,060 8,885,060
Number of employees 255 338
Key figures (KEUR) 01.01.-30.06.2010 01.01.-30.06.2009Contact:
Europe
Revenue 7,930 7,853
EBIT 1,076 -6,012
EBIT margin 13.6 % -76.6 %
Asia
Revenue 3,488 670
EBIT 142 -386
EBIT margin 4.1 % -57.6 %
Americas
Revenue 1,426 1,233
EBIT -303 -401
EBIT margin -21.2 % -32.5%
Viscom AG
Investor Relations
Sandra Göde
Carl-Buderus-Str. 9-15
30455 Hannover
Tel.: +49-511-94996-850
Fax: +49-511-94996-555
sandra.goede(at)viscom.de
27.08.2010 07:30 Ad hoc announcement, Financial News and Press Release distributed by DGAP. Medienarchiv atwww.dgap-medientreff.deandwww.dgap.de---------------------------------------------------------------------------
Language: English
Company: Viscom AG
Carl-Buderus-Strasse 9-15
30455 Hannover
Deutschland
Phone: +49 (0) 511 94 996 850
Fax: +49 (0) 511 94 996 555
E-mail: sandra.goede(at)viscom.de
Internet: www.viscom.com
ISIN: DE0007846867
WKN: 784686
Listed: Regulierter Markt in Frankfurt (General Standard), Hannover;
Freiverkehr in München, Düsseldorf, Berlin, Stuttgart
End of News DGAP News-Service
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Datum: 27.08.2010 - 07:30 Uhr
Sprache: Deutsch
News-ID 32090
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