Quarterly Report • May 30, 2018
Quarterly Report
Open in ViewerOpens in native device viewer
Management Report Consolidated Balance Sheet Consolidated Statement of Comprehensive Income
After three quarters in BY 2017/18, a slight increase can be reported by a turnover of 59.2 million EUR compared to previous year figure of 59.1 million EUR. Turnover in the segment of data visualization of 38.9 million EUR was slightly above last year, whereas turnover in the segment power supplies of 20.3 million EUR was a bit below last year's figure. In spite of an increase of the sales quantities up to 17%, the price regulation between 10-12% could not be completely compensated by the actual limitation of stock capacities. The investment of a modern and larger stock planned by the management board is the basis for future growth. The property was purchased in fall 2017 which adds on tangible fixed assets in balance report. The ground breaking was in April 2018.
Due to very positive results during first and third quarter, an EBIT of 4.8 million EUR was achieved. Thus, an EBIT margin of 8.2 % (PY 6.2%) could be obtained. Third quarter generated 2.3 million EUR (PY 1.8 million EUR) which equivalents an EBIT margin of 10.2%. The operative business continued to be very prosperous gaining a raw margin of 30.7% same as during successful BY 2016/17. Again, the EBIT could be improved due to lower costs of personnel and decreased other operating expenses as a result of the measures taken to upgrade synergies. During period of July 2017 till March 2018, the period's net income of the FORTEC group could be increased to 3.3 million EUR (PY 2.7 million EUR).
Due to the fact that during report period the EUR again has become stronger towards the Dollar, liabilities due to currency exchange differences of 621 TEUR are reported upon preparation of the total result. These are amounts of current exchange rates of participations in the U.S.A and Switzerland.
Therefore, after three quarters, a total result of 2.7 million EUR and a result per share of 1.12 EUR are obtained.
In order to guarantee delivery capacities in spite of rising times of delivery and compared to June 30th, 2017, stock increased from 17.5 million EUR to 19.7 million EUR and liabilities from deliveries and services from 3.6 million EUR to 4.4 million EUR. Other liabilities increased due to accruals among others based on an ongoing proceeding of customs authorities at Emtron.
Company capital augmented from 28.0 million EUR to 28.9 million EUR; own capital quota however decreased from 69.4 % to 66.5% due to balance sheet extension.
Order backlog of 40 million EUR continues to be a solid basis for coming months.
The management board appreciates the positive development in business during these first nine months and estimates a similar EBIT result as in BY 2016/17.
| in A S S E T S Eu ro |
3 1. 0 3. 2 0 1 8 |
3 0. 0 6. 2 0 1 7 |
in E Q U I T Y / L I A B I L I T I E S Eu ro |
3 1. 0 3. 2 0 1 8 |
3 0. 0 6. 2 0 1 7 |
||
|---|---|---|---|---|---|---|---|
| A. | No t a ts n- cu rre n ss e |
8. 3 2 3. 2 0 3 |
8. 0 4 1. 9 6 4 |
B. | i l Co ta m p an y ca p |
2 8. 9 3 0. 1 1 2 |
2 8. 0 1 9. 6 4 6 |
| I. | dw l l Go i o |
5. 0 5 0. 6 5 3 |
5. 2 2 4. 9 2 1 |
I. | bs be d c l Su i i ta cr ap |
2. 9 5 4. 9 4 3 |
2. 9 5 4. 9 4 3 |
| I I. |
i b le In ta ts ng as se |
2 2 8 5. 7 1 |
2 0 9 5 4. 4 |
I I. |
Ca i l r ta p es erv e |
8. 8 9. 3 6 6 4 |
8. 8 9. 3 6 6 4 |
| I I I. |
b le Ta i ts ng as se |
2. 6 7 0. 7 2 5 |
2. 0 6 3. 2 4 8 |
I I I. |
ha d f fe Cu i rre nc y ex c ng e re nc es |
3 5 5. 8 0 8 |
9 7 6. 8 8 3 |
| I V. |
l a F ina ia ts nc ss e |
9 5. 7 8 0 |
9 5. 7 8 0 |
I V. |
he he O ive inc t r c om p re ns om e |
1 3. 6 2 5. 4 9 1 |
1 1. 1 3 8. 5 8 0 |
| V. | Lo -te ng rm b les iva rec e |
2. 8 7 7 1 |
6 0 7 4. 1 |
V. | io d inc Pe t r ne om e |
3. 3 0 0 6 4. 5 |
2 9. 8 4. 5 7 7 |
| V I. |
fe d De ta rre xe s |
2 0 7. 4 8 3 |
3 2 9. 3 2 0 |
||||
| B. | Cu t a ts rre n ss e |
3 5. 1 7 9. 5 6 5 |
3 2. 3 5 6. 7 6 2 |
B. | Lo l ia b i l i ies -te t ng rm |
4. 3 7 9. 9 9 1 |
4. 6 7 7. 2 6 3 |
| I. | Inv ies to en r |
1 9. 7 2 5. 2 6 9 |
1 7. 5 4 5. 0 4 6 |
I. | ba k d l b l Lo / i ia i i ies -te t t ng rm n cr e |
3. 9 3 3. 3 2 8 |
4. 1 6 6. 6 6 4 |
| I I. |
Ac ts co un b les iva rec e : de l ive ies ice / r se rv s |
8. 4 0 9. 4 2 2 |
7. 1 2 2. 3 4 7 |
I I. |
Lo is ion -te ng rm p rov s |
2 1 9. 8 6 7 |
2 0 3. 5 6 7 |
| I I I. |
b les Ta iva x r ec e |
9 4 0. 6 7 0 |
1. 4 8 4. 2 9 8 |
I I I. |
fe d De ta rre xe s |
2 2 6. 7 9 6 |
3 0 7. 0 3 2 |
| I V. |
he O t ts r a ss e |
7 1 0. 9 2 9 |
5 4 9. 5 8 0 |
||||
| V. | h o ha d a d Ca s n n n h e iva len ts ca s q u |
5. 3 9 3. 2 7 4 |
5. 6 5 5. 4 9 1 |
B. | ho l b l S ia i i ies t- te t r rm |
1 0. 1 9 2. 6 6 5 |
7. 7 0 1. 8 1 6 |
| I. | k d l b l Ba / i ia i i ies t t n cr e |
8 3 3. 3 3 6 |
4 1 6. 6 6 8 |
||||
| fr is ig B. La t ng e Ve b in d l ic h ke i te r n |
I I. |
de b les Tr a p ay a : de l ive ies / ice r se rv s |
4. 4 4 8. 0 5 8 |
3. 5 5 6. 9 8 6 |
|||
| I I I. |
ls Ta x a cc ru a |
1. 4 7 4. 7 2 5 |
1. 5 9 2. 6 5 3 |
||||
| I V. |
he O is ion t r p rov s |
2 6 2. 2 3 7 |
2 1 5. 3 3 2 |
||||
| V. | O he l ia b i l i ies ls / t t r ac cr ua |
3. 3 0 9 1 7 4. |
9 2 0. 8 1. 1 7 |
||||
| l To As ta ts se |
4 3. 5 0 2. 7 6 8 |
4 0. 3 9 8. 7 2 6 |
l i ia b i l i ies To Eq / L ta ty t u |
4 3. 5 0 2. 7 6 8 |
4 0. 3 9 8. 7 2 6 |
| in Euro | Consolidated P&L 01.07.17-31.03.18 |
Consolidated P&L 01.07.16-31.03.17 |
|---|---|---|
| Sales revenues | 59.205.140 | 59.054.302 |
| Increase of stock unfinished products | 367.780 | - |
| Other operating income | 784.329 | 849.673 |
| Material expenses | 41.048.272 | 40.864.200 |
| Personnel expenses | 8.971.738 | 9.430.053 |
| Depreciation | 431.922 | 392.746 |
| Other operating expenses | 5.065.377 | 5.564.144 |
| Operating result (EBIT) | 4.839.940 | 3.652.832 |
| Income from investments | - | 148.038 |
| Other interest and similar income/expenses | -30.565 | -33.504 |
| Tax from income and revenue | 1.504.869 | 1.057.248 |
| Period's net income | 3.304.506 | 2.710.118 |
| Other result* | -621.075 | -121.213 |
| Total result | 2.683.432 | 2.588.905 |
| Earning per share | 1,12 | 0,92 |
| Shares in total | 2.954.943 | 2.954.943 |
*Other result exclusively includes success-neutral currency exchange differences.
This shortened group management quarter report does not contain all necessary information and data for a group's financial statement and therefore, has to be read in combination with the group's financial statement and management annual report dated 30.06.2017.
The group management quarter report was neither examined nor verified by a certified financial auditor.
The report is made up in Euro. The charts and data may have rounding differences due to mathematical reasons.
This report contains certain future data, which are based on current visible and available information, expectations and prospects of the management of FORTEC Elektronik AG. There are solely for informational purpose and are marked by terms like "believe", "expect", "forecast", "intend", "will", "plan", "estimate" or "attempt". These terms are only valid for the date of their publication. Certain known or unknown risks, uncertainties and other facts may yield that the real results, the financial situation, the development and/or performance of the group differ from the prognoses stated herein. The FORTEC Elektronik AG takes no obligation whatsoever to carry forward such future data and to adjust to future occurrences or developments. A responsibility or warranty for actuality, correctness, integrity of these data and information will therefore be neither explicit nor implied.
Building tools?
Free accounts include 100 API calls/year for testing.
Have a question? We'll get back to you promptly.