Analytik Jena After Nine Months with Growth in Operating Business
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Analytik Jena AG /
Analytik Jena After Nine Months with Growth in Operating Business
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* Increases in sales and operating earnings of almost 7.0 % or nearly 6.0 %
* Net result essentially influenced by exchange rate effects
Jena (Germany), August 11, 2011 - With sales growth of almost 7.0 % and an
increase of nearly 6.0 % in operating earnings, Analytik Jena (Prime Standard:
AJA, ISIN: DE0005213508) is now entering the final straight of the 2010/2011
financial year. After nine months the Group generated sales of EUR 63.6 m and
operating income of EUR 3.4 m. This was announced today by the manufacturer of
analytical measuring technology, life science instruments and optoelectronics at
the presentation of the quarterly and the 9-months-figures in Jena.
Sales Development and Segments
The Group's growing positioning on global markets is reflected in the rise in
international sales in the reporting period. In total, goods were exported for
EUR 45.0 m (previous year: EUR 38.9 m). This corresponds to well over two thirds
of total sales or an export rate of 70.6 % as against 65.3 % in the the previous
year.
The core segment of Analytical Instrumentation again benefited from its strong
market positioning in Asia and increased its sales as forecast. The division
generated sales of EUR 40.1 m (previous year: EUR 35.9 m) or a sales increase of
11.9 %. In the Life Science segment the Group generated sales of EUR 20.0 m
(previous year: EUR 20.3 m) and 1.5 % less income than in the same period of the
previous year. This development is primarily due to the fact that the sales
forecast were postponed to the fourth quarter of 2010/2011. The Optics division
contributed EUR 3.5 m (previous year: EUR 3.4 m) to total consolidated sales
after nine months.
Earnings
Up 5.9 % year-on-year, the Group's operating earnings development was solid.
EBIT therefore amounted to EUR 3.4 m after the first nine months (previous year:
EUR 3.2 m) with an EBIT margin of 5.4 %. EBITDA rose by 6.4 % to EUR 6.2 m
(previous year: EUR 5.9 m). After the financial result had benefited from the
favorable currency situation for Analytik Jena in the wake of rising financial
income in the previous year, developments in foreign currencies, particularly
the Japanese yen and the USD, had a negative effect this year due to higher
financial expenses combined with lower financial income as against the same
period of the previous year. Furthermore, earnings were significantly influenced
by the measurement of derivatives compared to the previous year.
In the reporting period, Analytik Jena achieved a total net profit of EUR 0.6 m
(previous year: EUR 2.5 m), 76.9 % less than in the previous year. This is equal
to earnings per share of EUR 0.09 (previous year: EUR 0.47).
Changes in Statement of Financial Position
The Group's total assets fell slightly by 3.2 % from EUR 83.6 m (September
30, 2010) to EUR 80.9 m as of June 30, 2011. In the reporting period, Analytik
Jena reported equity of EUR 39.6 m (September 30, 2010: EUR 39.0 m). This
corresponds to an equity ratio of 48.9 % (September 30, 2010: 46.7 %).
The Group's cash and cash equivalents amounted to EUR 3.4 m as of the end of the
reporting period.
Human Resources
As of June 30, 2011, the Group employed 803 staff, including 36 trainees
(previous year: 780 employees, including 44 trainees).
Outlook
Analytik Jena AG is retaining its forecasts for the 2010/2011 financial year
and, in particular, is anticipating an increase in earnings in the fourth
quarter, bringing it to its stated target for the year as a whole. The end of
the financial year will be considerably influenced by the business recovery in
Japan. All signals indicate that Analytik Jena on the basis of good incoming
orders can significantly increase its sales as well. In the core business of
Analytical Instrumentation the Company assumes a stable sales development.
Specifically in the Life Science segment, the Company is forecasting a sound
sales increase in the fourth quarter. The Optics consumer division will continue
to recover until the end of the period.
"In light of the good sales and earnings development in the third quarter and on
the basis of the continuing good incoming orders, we are assuming of achieving
our demanding operating earnings target of EUR 4.5 m as of September 30, 2011",
says Klaus Berka, CEO of Analytik Jena AG. "The biggest present risk for the
Company is in currency effects. Regardless of this, we are predicting that the
Company will enjoy a stable, positive performance overall in its last and,
traditionally, strongest quarter. We are retaining our forecasts for the
financial year. "
The full financial report can be accessed at http://berichte.analytik-jena.de/9-
MonthReport_1011.pdf.
Contact:
Dana Schmidt
Analytik Jena AG
Konrad-Zuse-Strasse 1
07745 Jena/Germany
Tel. +49 3641 779281
Email: ir(at)analytik-jena.com
--- End of Message ---
Analytik Jena AG
Konrad-Zuse-Straße 1 Jena Germany
WKN: 521350 ;ISIN: DE0005213508;Index:Prime All Share;
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Source: Analytik Jena AG via Thomson Reuters ONE
[HUG#1537730]
Unternehmensinformation / Kurzprofil:
Datum: 11.08.2011 - 07:00 Uhr
Sprache: Deutsch
News-ID 57136
Anzahl Zeichen: 6736
contact information:
Town:
Jena
Kategorie:
Business News
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