DGAP-News: euromicron performs exceptionally strongly in the first half of 2011
(firmenpresse) - DGAP-News: euromicron AG / Key word(s): Half Year Results
euromicron performs exceptionally strongly in the first half of 2011
12.08.2011 / 07:00
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- Consolidated sales: Up around 33% to EUR128.3 million
- Consolidated EBIT: Rise of 21.3% to EUR8.6 million
- New orders: Increase by 43.4% to EUR156.1 million
Frankfurt/Main, August 12, 2011 - euromicron AG has turned in an
exceptionally strong performance in the first half of 2011. The Executive
Board subsequently reviewed its business performance forecast for 2011 and
is raising it from the planned sales figure of EUR220 million to EUR280 to
EUR300 million and anticipates an increase in EBIT to EUR25 million.
The good performance is attributable in particular to high operational
growth at just about all euromicron companies in the first half of 2011.
The basis for this was created, among other things, by the Group's
integration and professionalization measures, above all in relation to
individual locations and competences, which will continue to form a stable
and successful foundation for euromicron as an integrated system house with
production expertise throughout Germany.
In addition, euromicron also actively leveraged the opportunities a growing
market offered in the second quarter of 2011 and so continued its sustained
development. One of these opportunities was completion of the large
acquisition that was originally planned for the coming years, but was
accomplished earlier with the purchase of telent GmbH effective June 7,
2011.
However, the new company's contribution to sales in the first six months of
2011 was slight due to the fact that it has only been part of the Group for
a short time. Nevertheless, the Executive Board expects it to contribute
sales of around EUR90 million and an EBIT of 6 million to the consolidated
results of euromicron as of 2012 and so is looking positively to the
future. 'By acquiring telent GmbH, we have initiated the next stage of our
corporate strategy as planned, which will enable us to offer our customers
an even broader portfolio of highly specialized network solutions for all
needs of modern living, working and care. That will form the basis of the
further earnings-oriented expansion of our company,' says Dr. Willibald
Späth, Chairman of the Executive Board.
Consolidated sales In the first six months of 2011, euromicron generated
consolidated sales of EUR128.3 million, a year-on-year increase of around
33%.
Consolidated income Consolidated EBIT rose in the period under review to
EUR8.6 million (previous year: EUR7.1 million). Operating income of the
associated companies was as we expected at EUR11.9 million (previous year:
EUR10.1 million). Net profit for the period was EUR4.9 million (previous
year: EUR4.1 million), giving undiluted earnings per share of EUR0.95
(previous year: EUR0.82), a sharp rise given the fact that new shares were
issued in 2010.
Order situation at the Group In the first half of fiscal 2011, euromicron
generated new orders of EUR156.1 million, a rise of 43.4% year-on-year and
the largest figure in euromicron's history as a network specialist. Order
books increased to EUR146.9 million at June 30, 2011, well above the figure
of EUR100.8 million for the same period of the previous year.
Balance sheet structure Total assets rose as a result of first-time
consolidation of telent GmbH as of June 30, 2011, to EUR265.9 million, an
increase of around EUR70 million over December 31, 2010 (EUR196.0 million).
Personnel 1,582 persons were employed by the euromicron Group as of June
30 of fiscal 2011. This increase is due to the acquisition of telent GmbH,
394 of whose employees joined the euromicron Group.
Equity Equity is at virtually the same level as the previous year in
absolute terms. It is EUR88.5 million as of June 30, 2011, some EUR0.8
million lower than in the 2010 annual financial statements. That is
likewise largely due to the changes in the balance sheet structure in
connection with first-time consolidation of telent GmbH in June 2011 and
should be regarded as temporary for the time being.
The share In an internationally extremely volatile market, euromicron's
share was not able to buck the general trend at times in the first quarter
of 2011 and briefly fell after a good start to the year. The price
stabilized in the second quarter and remained constantly above the EUR20.00
mark. At the end of the first half, euromicron's share price rose to
EUR21.20 at the reporting date, even after the dividend payment of EUR1.10
per share and in a still volatile market.
Outlook
euromicron AG will continue to work on ensuring the sustainability of its
strategy in future. Following integration and development, the Executive
Board is setting store by profitable expansion. The objective of its
activities in the second half of 2011 will consequently be to strengthen
the Group's profitable and sustainable growth and bring telent GmbH closer
into line with euromicron's quality of earnings in initial steps.
To enable that, euromicron will continue to expand its product and service
portfolio, strengthen development in profitable niche markets and grow the
fields of technology it offers with systematic investments. In particular,
it will focus more strongly on IP and active technology for all fields of
transmission.
A key role in this connection is played by telent GmbH, whose customers
have a significant need to migrate their existing communications networks
to IP technologies. telent is the specialist in Germany for this migration
from old to new, cutting-edge network and transport technology. 'We will
devote greater attention to merging telent GmbH's business operations with
euromicron in the second half of 2011 in order to leverage the greater
know-how mutually and optimally for all our customers in all network
segments and integrate telent in our value-oriented corporate management,'
states Dr. Späth in relation to the newly acquired subsidiary.
euromicron will also undertake various marketing and PR activities in the
second half in order to establish the euromicron brand as a byword for
quality, solution-oriented expertise and know-how in all areas relating to
network-based information, communications and security needs even more
firmly in the market and strengthen and further harmonize the company's
image.
Despite the optimistic prospects, the Group will still pursue the
continuous improvement process (CIP) it began in 2010 in 2011 in order to
safeguard the company's constant and positive performance.
'We feel sure that, with our business model, our greater technological
know-how as a result of the acquisition of telent GmbH, our clear strategic
orientation and secure, long-term financing, in conjunction with an equity
base that remains goods, we will be equipped to continue driving
sustainable expansion of the euromicron Group actively and successfully in
the second half of 2011 in the interests of the company and its
shareholders,' concludes Dr. Späth.
You can find the 2011 half-yearly report as of August 12, 2011, on our
homepage at http://www.euromicron.de/unternehmen/publikationen.php.
euromicron AG (www.euromicron.de) is an all-round solution provider for
communications, transport, data and security networks. Its network
infrastructures integrate voice, video and data transport wirelessly, via
copper cable and by means of fiber-optic technologies. euromicron builds
itsleading 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
Speicherstr. 1
60327 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 DE0005660005
ISIN DE000A1EMGE2
Securities identification number 566000
Securities identification number A1EMGE
End of Corporate News
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12.08.2011 Dissemination of a Corporate News, transmitted by DGAP - a
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Language: English
Company: euromicron AG
Speicherstr. 1
60327 Frankfurt
Germany
Phone: +49(0) 69 631583-0
Fax: +49(0) 69 631583-20
E-mail: info(at)euromicron.de
Internet: www.euromicron.de
ISIN: DE0005660005
WKN: 566000
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, Stuttgart
End of News DGAP News-Service
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