DGAP-News: Augusta Technologie AG: Strong frist half of 2011 - Guidance confirmed
(firmenpresse) - DGAP-News: Augusta Technologie AG / Key word(s): Half Year Results
Augusta Technologie AG: Strong frist half of 2011 - Guidance confirmed
04.08.2011 / 07:58
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Strong first half of 2011 for AUGUSTA - Guidance confirmed
- Sales revenues at EUR 79.9 million, increase of 36%
- Above-average growth in EBITDA to EUR 13.5 million (+41%)
- Acquisition of LMI Technologies Inc. strengthens Vision segment
Munich, August 4, 2011. AUGUSTA Technologie AG (ISIN DE000A0D6612)
continued on its growth path in the first half of 2011 and increased its
sales revenues, incoming orders and profitability over the previous year.
After a very strong first quarter in 2011, the pace of growth slowed down
in the second quarter, nevertheless clearly exceeding the last year's
figures.
Consolidated revenues rose in cumulative terms to EUR 79.9 million, an
increase of around 36 percent on the previous year (EUR 59.0 million).
Quarter-on-quarter, at EUR 39.5 million sales revenues in Q2 of 2011 were
up 23 percent on the previous year (EUR 32.0 million). The Group's EBITDA
saw an above-average increase to EUR 13.5 million, up 41 percent (EUR 9.6
million) on the previous year. The EBITDA margin stood at 16.9 percent. In
Q2 of 2011, EBITDA was 32 percent up from the previous year (EUR 5.08
million) to EUR 6.7 million.
Net income for the period increased by 10 percent to EUR 6.2 million
(previous year: EUR 5.7 million). Earnings per share came to EUR 0.82
(previous year: EUR 0.75). It should be taken into account that AUGUSTA's
acquisition activities have resulted in increased depreciation due to
purchase price allocations (PPA). Excluding the PPA depreciation, net
income for the period came to EUR 7.7 million, resulting in earnings per
share of EUR 1.01.
'We are very happy with our business performance so far and the
acquisitions we have made this year. We are expecting the extremely high
growth rates in the last quarters to return to normal pre-crisis levels.
Nevertheless, we may still see above-average growth due to our market
positioning and the acquisitions,' remarked Amnon Harman, AUGUSTA's CEO.
Acquisitions in the Vision segment support growth; sensor technology
businesses still going strong
While growth stabilized at a high level in the Vision segment, the late
cyclical sensor technology business saw another substantial expansion.
Sales revenues in the Vision segment were up 51 percent on the previous
year to EUR 31.8 million (previous year: EUR 21.1 million). Sales revenues
from the acquired companies P+S Technik, VDS and LMI, which were not
included in the previous year, came to EUR 7.7 million in total, taking
organic growth to 14 percent. At EUR 9.4 million, EBITDA was up 34 percent
on the previous year (EUR 7.0 million), with EBITDA from the acquired
companies totaling EUR 0.9 million. In the Sensors segment, sales revenues
and profitability saw another upsurge. Sales revenues rose 27 percent in
cumulative terms to EUR 48.1 million (previous year: EUR 37.8 million).
EBITDA increased disproportionately in relation to sales revenues by 40
percent, reaching a staggering EUR 6.7 million at the end of the first
semester of 2011 (previous year: EUR 4.8 million).
Confirmation of guidance for 2011
Incoming orders climbed to EUR 86.5 million for the period ending June 30,
2011 and, at that level, were up 24 percent on the previous year. Order
book was up roughly 28 percent year-on-year at EUR 65.6 million. 'We have
good visibility for the months ahead. Despite lower volumes of incoming
orders, we already have around 55 percent of our projected sales revenues
covered for the second half of 2011. We are expecting robust growth in
sales revenues up to the end of the year despite the economic risks and are
therefore sticking firmly to our guidance,' said Berth Hausmann, AUGUSTA's
Chief Financial Officer.
Based on our strong market position and well-filled order book, AUGUSTA is
in a position to confirm its guidance for 2011 with sales revenues ranging
from EUR 153 to 163 million and EBITDA from EUR 27 to 30 million.
Overview of half-year figures for 2011
In EUR million HY 2010 HY 2011 ChangeOverview of Q2/2011 figures
Sales revenues
Group 58.96 79.89 +36%
Sensors 37.83 48.05 +27%
Vision 21.13 31.84 +51%
EBITDA
Group 9.59 13.53 +41%
Sensors 4.76 6.68 +40%
Vision 6.97 9.35 +34%
Key figures
Incoming orders 69.94 86.46 +24%
Order book 51.19 65.57 +28%
Net income 5.67 6.22 +10%
Earnings per share in EUR 0.75 0.82 +9%
Net income before PPA 6.08 7.70 +27%
Earnings per share before PPA 0.80 1.01 +26%
In EUR million Q2 2010 Q2 2011 ChangeAUGUSTA Technologie AG
Sales revenues
Group 32.02 39.51 +23%
Sensors 19.93 24.01 +20%
Vision 12.09 15.50 +28%
EBITDA
Group 5.08 6.69 +32%
Sensors 2.46 3.39 +37%
Vision 3.97 4.52 +14%
Key figures
Incoming orders 36.47 46.29 +27%
Stefanie Zimmermann
Investor Relations&Corporate Communications
Willy-Brandt-Platz 3, D-81829 Munich
Tel.: +49 - (0)89 - 43 57 155 - 19
Fax: +49 - (0)89 - 43 57 155 - 59
E-mail: investor-relations(at)augusta-ag.com
The Company
AUGUSTA Technologie AG is an integrated technology group with a focus on
the niche markets of digital image processing (Vision) and sensor
technology (Sensors).
The Vision business focuses on the supply of digital cameras and optical
sensor systems for automation and enhancing quality, safety and efficiency.
This business segment addresses a wide range of applications in different
industries including manufacturing, health care and transportation
technology. Digital film cameras for the media and entertainment market are
a new niche segment being addressed.
In the Sensors division, the company develops, produces and sells sensor
systems for customer-specific applications. The product portfolio ranges
from the sale of individual pressure sensors to the development of complex
sensor and measuring systems. The main areas of application are medical
technology, industrial plant construction, the automotive industry, and the
aviation and aerospace industries.
AUGUSTA generated sales revenues totaling EUR 129.3 million, and EUR 20.1
million in earnings before interest, tax, depreciation and amortization
(EBITDA) in the 2010 financial year,.
End of Corporate News
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Language: English
Company: Augusta Technologie AG
Willy-Brandt-Platz 3
81829 München
Germany
Phone: +49-(0)89-4357155-19
Fax: +49-(0)89-4357155-56
E-mail: stefanie.zimmermann(at)augusta-ag.com
Internet: www.augusta-ag.com
ISIN: DE000A0D6612, DE0003705992
WKN: A0D661, 370599
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, München, Stuttgart
End of News DGAP News-Service
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Datum: 04.08.2011 - 07:58 Uhr
Sprache: Deutsch
News-ID 41805
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