Hoeft & Wessel AG remains on growth track in first half of the year
(Thomson Reuters ONE) - Corporate news announcement processed and transmitted by Hugin AS.The issuer is solely responsible for the content of this announcement. ------------------------------------------------------------------------------------ Sales revenues increase by 11 per cent, operating result by 67 percentPositive business outlook for 2009Hanover / Germany, 6 August 2009. Following a successful firstquarter, Hoeft & Wessel AG continued its positive business trend inthe second quarter of fiscal 2009. In the first six months of theyear, sales revenues of the German IT and engineering group increasedby 11 per cent, to reach EUR 47.1 million (previous year: EUR 42.5million).The operating result rose by 67 per cent year-on-year, to EUR 1.6million (30 June 2008: EUR 0.9 million).A large-scale order placed in the U.S. made a significantcontribution to the order intake for the first six months of 2009,amounting to EUR 44.0 million (previous year: EUR 44.1 million). Theorder portfolio in mid-2009 came to EUR 85.1 million (30 June 2008:EUR 117.5 million)."The business of the Hoeft & Wessel Group developed positively in thefirst half of the year. Accordingly, we believe this confirms ourfavourable forecast for 2009 as a whole and that we will successfullycontinue to defy the extremely bleak economic environment," saidHansjoachim Oehmen, CEO of Hoeft & Wessel AG, in commenting onbusiness trends.For 2009, Hoeft & Wessel AG expects sales revenues of more than EUR98 million and operating result in excess of EUR 4 million.Hoeft & Wessel AG combines wireless data communication technologieswith software and hardware for the construction of mobile terminals,stationary terminals for check-ins and checkouts, ticketing systems,car park ticket terminals and point-of-sale solutions. The devicesfeature easy, intuitive operation and have achieved a reputation forhigh stability and constant availability.Almex and its products are targeted at the public transport segmentand the airline industry. In the first half of the year, the businessdivision supplied ticketing terminals to public transportcorporations in Denmark, Germany, the United Kingdom and Switzerland.Deutsche Lufthansa took delivery of new check-in terminals. Salesrevenues and the operating result saw a substantial rise in the Almexdivision in the first half of the year.The Skeye division defied the ongoing trend of investment reluctancein the retail and logistics sectors of relevance to its products.Even though sales revenues and the operating result were in declinein the first six months of the year, this business division succeededin defending its leading position in the market. In the first half ofthe year, the U.S. restaurant chain Outback Steakhouse took deliveryof mobile terminals for placing orders and making payments. Mobileterminals for deployment in merchandise management systems weredelivered to the retail chains Edeka, Rewe and Rossmann.Metric and its parking space management systems are generallytargeted at local municipalities. In the first half of 2009, anincreasing number of orders were placed with Metric in the UK for carpark ticket terminals. The London borough of Hillingdon received over170 terminals equipped with RFID technology. In the U.S. city ofPhiladelphia, Pennsylvania, the first of a total of more than 1,000car park ticket terminals were set up and connected to theback-office system that had also been installed. Sales revenues andthe operating result of the British subsidiary, Metric, reflect thepositive trend unfolding this year.Via Almex, Metric and Skeye, Hoeft & Wessel has been active with thislargely independent business segments in various markets for years.However, a series of synergistic benefits can still be generated inresearch and development activities. These three business mainstayssubstantially reduce dependence on individual market segmentsparticularly in difficult economic conditions. With this strategy,Hoeft & Wessel AG considers itself to be well positioned forcontinued long-term business success throughout the entire Group.Key figures for the Hoeft & Wessel Group half-yearin EUR thousands to the30/06 2009 2008 2007 2006 2005+-------------------------------------------------------------------+| Sales revenues | 47,104 | 42,502 | 42,536 | 38,795 | 38,136 ||-----------------+---------+---------+---------+---------+---------|| Operating | | | | | || result before | | | | | || depreciation | | | | | || and | | | | | ||-----------------+---------+---------+---------+---------+---------|| amortisation | 3,833 | 3,216 | 2,653 | 2,471 | 3,316 || (EBITDA) | | | | | ||-----------------+---------+---------+---------+---------+---------|| Operating | 1,569 | 941 | 312 | 89 | 1,068 || result (EBIT) | | | | | ||-----------------+---------+---------+---------+---------+---------|| in % of sales | 3.3 | 2.2 | 0.7 | 0.2 | 2.8 || revenues | | | | | ||-----------------+---------+---------+---------+---------+---------|| Earnings before | 1,108 | 231 | (347) | (222) | 723 || taxes (EBT) | | | | | ||-----------------+---------+---------+---------+---------+---------|| in % of sales | 2.4 | 0.6 | - | - | 1.9 || revenues | | | | | ||-----------------+---------+---------+---------+---------+---------|| Group earnings | 741 | 174 | (511) | (90) | 743 ||-----------------+---------+---------+---------+---------+---------|| Earnings per | 0.09 | 0.02 | (0.06) | (0.06) | 0.09 || share (in EUR) | | | | | ||-----------------+---------+---------+---------+---------+---------|| | | | | | || Cash flow, | | | | | || current | | (2,353) | (542) | 4,094 | 5,372 || operations | (1,578) | | | | ||-----------------+---------+---------+---------+---------+---------|| Cash flow from | (2,083) | (2,567) | (2,330) | (2,719) | (2,565) || investment | | | | | || activities | | | | | ||-----------------+---------+---------+---------+---------+---------|| Net cash flow | (278) | (633) | (2,083) | (201) | 290 ||-----------------+---------+---------+---------+---------+---------|| | | | | | || Average number | | | | | || of employees | | | | | || Group | 499 | 502 | 502 | 502 | 500 |+-------------------------------------------------------------------+Additional information:Hoeft & Wessel AGDr. Arnd Fritzemeier, Head of Investor Relations and PublicRelations,Rotenburger Strasse 20, D-30659 Hanover, GermanyTel. +49.511.6102-300 IR(at)hoeft-wessel.comFax +49.511.6102-873 www.hoeft-wessel.com --- End of Message ---Höft & Wessel AGRotenburger Str. 20 Hannover GermanyWKN: 601100; ISIN: DE0006011000; Index: Prime All Share, CDAX, TECH All Share;Listed: Prime Standard in Frankfurter Wertpapierbörse, Freiverkehr in Börse Berlin, Freiverkehr in Börse Düsseldorf, Freiverkehr in Niedersächsische Börse zu Hannover, Freiverkehr in Hanseatische Wertpapierbörse zu Hamburg, Freiverkehr in Bayerische Börse München, Freiverkehr in Börse Stuttgart, Regulierter Markt in Frankfurter Wertpapierbörse;
Datum: 06.08.2009 - 09:01 Uhr
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