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FORTEC Elektronik AG

Quarterly Report • May 30, 2017

161_10-q_2017-05-30_22344d70-e290-4f44-a062-34aa1cd6d73b.pdf

Quarterly Report

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Report 3rd Quarter 2016/2017

=========================

01.07.2016 – 31.03.2017

Content

  • Management Report
  • Consolidated Balance Sheet
  • Consolidated Statement of Comprehensive Income

FORTEC Elektronik AG Tel: +49(0)8191 91172 13 Fax: +49(0)8191 21770 Email: [email protected]

Management Report 2016/17

01.07.2016– 31.03.2017

After a slightly cautious start during first 6 months of current BY (July to December 2016), the group's result considerably improved during 3rd quarter (January to March 2017) as concerns turnover as well as profit.

Based on figures of last year of 59.6 million EUR, the turnover again almost reached these previous year's figures of 59 million EUR.

Both business segments – power supplies as well as data visualization developed really well since January 2017 – i.e. a benefit of the good economic industrial situation.

As concerns EBIT basis, almost same result was achieved during 3rd quarter of 1.759.049 EUR compared to first 6 months – i.e. altogether 3.6 million EUR EBIT and net period income after tax of 2.7 million EUR.

Based on the stronger Euro during report period – compared to Dollar – foreign currency differences of 121 TEUR are to be reported considering the total result.

The result per share (EpS) is 92 Cent after these 9 months. If no further risks occur up to end of BY, again a very positive result for the shareholders during this BY 2016/17 per 30.06.2017 is expected.

CONSOLIDATED BALANCE SHEET (uncertified) according to IAS/IFRS 31.03.2017 (prev. years' figures 30.06.2016)

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Consolidated Statement of Comprehensive Income (uncertified), according to IAS/IFRS

01.07.2016 - 31.03.2017 (prev.year's figures 01.07.15 - 31.03.16)

I N C O M E BY 2015/16 BY 2016/17
Sales revenue 59.561.594 € 59.054.302 €
Other operative income 1.089.375 € 849.673 €
Expenses/costs material 41.647.243 € 40.864.200 €
Expenses personnel 9.408.202 € 9.430.053 €
Depreciation 1.111.751 € 392.746 €
Other operative expenses 5.531.733 € 5.564.144 €
Operative income (EBIT) 2.952.040 € 3.652.832 €
Participation result 29.500 € 148.038 €
Interest and similar
income/expenses		 13.672 € ./. 33.504 €
Tax on income and profit 869.510 € 1.057.248 €
Period's net income 2.125.702 € 2.710.118 €
Others result * ./. 173.797 € ./. 121.213 €
T o t a l result 1.951.905 € 2.588.905 €
Earning per share/ 3rd quarter 0,72 € 0,92 €
Shares on market 2.954.943 2.954.943

*"Other result" includes only "success-neutral" differences of foreign currency exchange rates.

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