DGAP-News: Viscom AG: Business performance exceeds expectations - rise in annual forecast for 2011
(firmenpresse) - DGAP-News: Viscom AG / Key word(s): Half Year Results
Viscom AG: Business performance exceeds expectations - rise in annual
forecast for 2011
25.08.2011 / 07:30
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Viscom AG: Business performance exceeds expectations - rise in annual
forecast for 2011
- Revenue more than doubled to EUR 26,853 thousand (previous year: EUR
12,844 thousand)
- EBIT up more than fivefold to EUR 5,626 thousand (previous year: EUR
915 thousand)
- Incoming orders of EUR 24,493 thousand (previous year: EUR 17,017
thousand) continue upward trend
- Order backlog remains at a high level at EUR 11,120 thousand
Hanover, 25 August 2011 - Viscom AG (ISIN DE0007846867), the European
market leader for automated optical inspection systems for the electronics
industry, profited from the growth potential of both the German and the
international markets in the first half of 2011. The increased willingness
to invest in the main sales markets and the investments in new products and
cutting-edge technologies as well as the growing service offering were
reflected positively in the Viscom Group's books.
The very good net assets and financial figures for the first six months of
the current financial year are sending more than encouraging signs. Viscom
recorded approximately 44 % more orders than last year and as of 30 June
2011 had received orders valuing EUR 24,493 thousand (previous year: EUR
17,017 thousand). Order backlog at EUR 11,120 thousand was also up on the
previous year (previous year: EUR 9,428 thousand).
Viscom generated revenue of EUR 26,853 thousand in the first half of the
year (previous year: EUR 12,844 thousand). Compared to the previous year's
period, this is a rise of 109 %. This confirms the Company's expectation of
an upturn in business this year. Earnings before interest and taxes (EBIT)
were EUR 5,626 thousand, up more than fivefold on the previous year's
figure of EUR 915 thousand. This corresponds to an EBIT margin of 21 %. The
positive result was impacted by the recognition of company-produced assets
of EUR 930 thousand. Adjusted for these one-off effects, EBIT amounted to
EUR 4,696 thousand and the adjusted EBIT margin to 17.5 %.
Viscom Group's net profit at the end of the first half of the year of
EUR4,415 thousand (previous year: EUR 1,112 thousand) is the highest it has
been since the IPO. This steep increase in profits is mainly due to the
high recognition of revenue in the first half of the year. 'The business
figures in Viscom Group's European market segments alone are very pleasing.
Viscom Group achieved revenue of approximately EUR 20,388 thousand in this,
its strongest region. European sales have risen by 157 % as against 30 June
2010, representing three quarters of total revenue', explains Dirk
Schwingel, a member of Viscom AG's Executive Board.
Positive figures in the United States also strengthen the company's
position in international competition, with the Asian market being just as
encouraging. This growth is mainly a result of the willingness to invest
from the automotive and automobile supplier sector, Viscom's most
revenue-generating customer segment. 'Also EMS, contract manufacturers that
is, and producers from other industries such as the communications
technology, invest in high end Viscom products', comments Volker Pape, a
member of the Executive Board and founder of Viscom AG. Viscom's business
is shaped by significant seasonal differences: The second half of the year
is normally stronger than the January to June period. 'The current order
situation will continue to ensure high utilisation at all production
levels. These prospects point indicate further success in the second half
of the year', reports Dr. Martin Heuser, a member of the Executive Board
and founder of Viscom AG.
Revenue of between EUR 50 and EUR 53 million and an EBIT margin of between
15 and 18 % are expected for 2011 following an official adjustment to
guidance. These new forecasts differ from those made by management as
official guidance targets (EUR 45 to EUR 47 million in revenue and an EBIT
margin of 10 % to 13 % for 2011) as a result of the large volume of
incoming orders and the high recognition of revenue in the first half of
the year.
Viscom expects that the current turbulence on the financial markets will
not materially impact customer investment activity, particularly in Asia.
Nevertheless, the Group is watching developments very closely in order to
react if needed.
The complete Interim Report as of 30 June 2011 is now available on our
website www.viscom.de in the Investor Relations section.
Any forecasts, expectations or forward-looking statements included in this
report may carry risks and uncertainties. We therefore cannot guarantee
that these assumptions will turn out to be correct. Actual results and
developments may vary significantly from the forecasts and assumptions made
in this report. Factors that may lead to such deviations include changes to
the general economic development and competitive position, exchange rate
and interest rate fluctuations as well as amendments to national and
international laws. The Company does not assume any obligation for updating
the statements contained in this report.
Key figures of Viscom AG
Consolidated Information
Key figures (KEUR) 01/01-30/06/2011 01/01-30/06/2010Segment Information
Revenue 26,853 12,844
EBIT 5,626 915
EBIT margin 21.0 % 7.1 %
Financial result 242 188
Income taxes -1,453 9
Net profit for the period 4,415 1,112
Earnings per share 0.50 EUR 0.13 EUR
Number of shares 9,020,000 9,020,000
Number of weighted shares 8,885,060 8,885,060
Number of employees (as of 30 June) 266 255
Key figures (KEUR) 01/01-30/06/2011 01/01-30/06/2010Contact:
Europe
Revenue 20,388 7,930
EBIT 4.894 1.076
EBIT margin 24.0 % 13.6 %
Asia
Revenue 3,623 3,488
EBIT 431 142
EBIT margin 11.9 % 4.1 %
Americas
Revenue 2,842 1,426
EBIT 301 -303
EBIT margin 10.6 % -21.2 %
Viscom AG
Investor Relations
Dirk Schwingel
Carl-Buderus-Str. 9-15
30455 Hannover
Tel.: +49-511-94996-861
Fax: +49-511-94996-555
dirk.schwingel(at)viscom.de
End of Corporate News
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25.08.2011 Dissemination of a Corporate News, transmitted by DGAP - a
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Language: English
Company: Viscom AG
Carl-Buderus-Strasse 9-15
30455 Hannover
Germany
Phone: +49 (0) 511 94 996 771
Fax: +49 (0) 511 94 996 555
E-mail: dirk.schwingel(at)viscom.de
Internet: www.viscom.de
ISIN: DE0007846867
WKN: 784686
Listed: Regulierter Markt in Frankfurt (General Standard),
Hannover; Freiverkehr in Berlin, Düsseldorf, München,
Stuttgart
End of News DGAP News-Service
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136801 25.08.2011
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Datum: 25.08.2011 - 07:30 Uhr
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