DGAP-News: Augusta Technologie AG: Preliminary Nine-Month Figures 2011
(firmenpresse) - DGAP-News: Augusta Technologie AG / Key word(s): Preliminary
Results/Quarter Results
Augusta Technologie AG: Preliminary Nine-Month Figures 2011
03.11.2011 / 09:20
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AUGUSTA presents preliminary nine-month figures for 2011: Operations and
strategies on course
- Sale of Sensortechnics Group reaches successful conclusion
- Remaining segments secure a 39% increase in sales revenues to EUR 75.8
million
- Above-average growth in EBITDA to EUR 13.5 million (+63%)
- Guidance for 2011 confirmed taking disposal into consideration
Munich, November 3, 2011. AUGUSTA Technologies AG (ISIN DE000A0D6612) has
achieved important operational and strategic progress this year. The sale
of the Sensortechnics Group was an important milestone in the strategic
development and focus on the Vision Technologies segment. The disposal was
brought to a successful conclusion on October 27, 2011 with the receipt of
the first installment of EUR 47 million. The Sensortechnics Group was
deconsolidated as of September 30, 2011, and is reported under
'discontinued operations' in the comprehensive income statement. The
'Vision' segment, which accounts for the lion's share of revenues and
earnings, and the 'other divisions' are now posted in the segment
reporting. 'AUGUSTA is already a leading company in the industrial image
processing segment. Following the sale of Sensortechnics, we will focus
fully on expanding our core Vision Technology segment. The positive effects
of this focus on sales growth and margins are already evident,' says Amnon
Harman, CEO of AUGUSTA Technologie AG.
This positive development was also reflected in the operational key figures
for the period ending September 30, 2011:
Adjusted for the Sensortechnics Group, consolidated revenue increased to
EUR 75.8 million, an increase or around 39 percent on the previous year
(EUR 54.4 million). In quarterly comparison, at EUR 26.7 million sales
revenues in Q3 of 2011 were up 34 percent on the previous year (EUR 19.9
million). The Group's EBITDA saw an above-average increase to EUR 13.5
million, up 63 percent on the previous year (EUR 8.3 million). The EBITDA
margin stood at 17.9 percent thus 2.5 percentage points exceeded that of
the previous year (15.3 percent). In quarterly comparison, the Q3 EBITDA
increased by 57 percent to EUR 5.3 million (previous year: EUR 3.3
million).
The net income for the period from continued operations (Vision, other
divisions) increased by 79 percent to EUR 5.9 million (previous year: EUR
3.3 million), despite higher depreciation and amortization due to
acquisitions. Including the surplus generated by the discontinued
operations, the cumulative net income for the period totaled EUR 9.5
million (previous year: EUR 8.2 million), meaning that the cumulative
earnings per share totaled EUR 1.25 (previous year: EUR 1.08). Adjusted for
the depreciation and amortization due to acquisitions, the net income for
the period would come to EUR 11.7 million, resulting in earnings per share
of EUR 1.53.
Incoming orders increased to EUR 72.5 million as of September 30, 2011, and
were 19 percent above the previous year's level (EUR 61.1 million). Order
book was up roughly 22 percent year-on-year at EUR 29.5 million (previous
year: EUR 24.3 million). 'Order cycles tend to be of a short-term nature in
the Vision segment, which is why we are more than satisfied with our order
book. We are expecting a robust growth until at least mid 2012,' says Berth
Hausmann, CFO of AUGUSTA Technologies AG. Despite acquisitions, paying off
debt and the dividend payment, cash and cash equivalents stood at a
remarkable EUR 26.9 million as of September 30, 2011. 'This does not
include the inflow of funds from the sale of Sensortechnics. Our
anticipated year-end liquidity of around EUR 75 million will increase our
leeway for major acquisitions,' adds Hausmann.
Confirmation of guidance for 2011
The Sensortechnics Group was expected to generate sales revenues of
approximately EUR 60 million and operating earnings before interest, tax,
depreciation and amortization (EBITDA) of almost EUR 10 million in 2011. As
a result of the sale, AUGUSTA has amended its guidance for the operative
divisions in 2011 and now expects sales revenues ranging between EUR 97 and
103 million (formerly: EUR 153 and 163 million) and EBITDA of between EUR
17 and 19 million (formerly: EUR 27 and 30 million). 'Due to the positive
development of business and taking into account the sale of Sensortechnics,
we plan to maintain the increased guidance issued in May 2011 for the
entire 2011 financial year,' say Harman, commenting on the prospects.
Overview of 2011 9-month figures
In EUR million 9-month 9-month Ch-Overview of Q3/2011 figures
2010 2011 ange
Sales revenues
Group 54.4 75.8 +39%
Vision 33.2 47.9 +44%
Other divisions 21.1 27.9 +32%
EBITDA
Group 8.3 13.5 +63%
Vision 10.9 13.5 +25%
Other divisions 0.8 2.9 +23
7%
Key figures
Incoming orders 61.1 72.5 +19%
Order book 24.3 29.5 +22%
Net income for the period 8.2 9.5 +16%
Earnings per share in EUR 1.08 1.25 +16%
Net income for the period before PPA (depreciation 8.7 11.7 +34%
and amortization due to acquisitions)
Earnings per share before PPA in euros 1.14 1.53 +34%
In EUR million Q3 2010 Q3 2011 ChangeAUGUSTA Technologie AG
Sales revenues
Group 19.9 26.7 +34%
Vision 12.1 16.1 +33%
Other divisions 7.7 10.6 +37%
EBITDA
Group 3.3 5.3 +57%
Vision 3.9 4.2 +8%
Other divisions 0.7 1.4 +95%
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 company with a focus on
niche markets of digital image processing and optical sensors.
The core Vision Technology segment focuses on the supply of digital cameras
and optical sensor systems for automation and enhancing quality, safety and
efficiency. It develops and produces both standard products and
customer-specific systems for a broad range of applications in a number of
sectors including manufacturing, medical technology, multimedia, transport
and security technology. AUGUSTA stands out through its international
presence and top customer service.
For the 2011 financial year AUGUSTA expects to generate sales revenue of
between 97 and 103 million euros and earnings before interest, tax,
depreciation and amortization (EBITDA) between 17 and 19 million euros.
End of Corporate News
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03.11.2011 Dissemination of a Corporate News, transmitted by DGAP - a
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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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