Stop parsing PDFs. Get the API. Request Access

AI Terminal

MODULE: AI_ANALYST
Interactive Q&A, Risk Assessment, Summarization
MODULE: DATA_EXTRACT
Excel Export, XBRL Parsing, Table Digitization
MODULE: PEER_COMP
Sector Benchmarking, Sentiment Analysis
SYSTEM ACCESS LOCKED
Authenticate / Register Log In

FORTEC Elektronik AG

Quarterly Report • Nov 29, 2011

161_10-q_2011-11-29_ebcc0290-7261-4b2e-a8ac-b1916264ef82.pdf

Quarterly Report

Open in Viewer

Opens in native device viewer

Report 1st Quarter 2011/2012

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

July 01 – September 30, 2011

Content

  • Management Report
  • Consolidated Balance Sheet
  • Consolidated Income Statement
  • Comprehensive Income Statement
  • Statement of Changes in Equity
  • Cash Flow Statement
  • Annexe incl. Segment Report

Report 1st Quarter 2011/2012

01.07.-30.09.2011

In first quarter of BY 2011/12, again a turnover and profit of considerable double-digits' rate of increase could be achieved. Also a continuous and considerable growth reveals by a repeated increase in turnover from 11 million EUR to 13 million EUR and an increased profit before interest and tax (EBIT) of 30 % to 502.189 EUR. Besides the profit after tax increased parallel from 296.371 to 371.734 EUR.

Especially in the sector power-supplies reporting a turnover of 7.7 million EUR and an EBIT of 423.109 EUR, we successfully managed to achieve utmost figures; expecting a stable and profitable business during coming year. Our portfolio of data visualization reporting a 5.3 million EUR turnover compared to 4.4 million EUR same period last year and an EBIT of 79.080 EUR definitely managed to turn-around the last year's negative EBIT of 86.232 EUR. During these next quarters, we are positive to continue reaching more turnover as concerns this product segment.

In 1st quarter 2011/12 and due to considerable increased deliveries, we build-up again more personnel especially in production; yet some positions in administration – e.g. due to retirement, etc. - have only been replaced partly. The current increasing business in marketing/distribution and administration have to be covered by existing personnel – based on the actual uncertainty about further economic development. Therefore, the number of employees remained unchanged compared to same period last year.

However, raised turnover obviously also involves increase in financial means, again in 1st quarter 2010/11, we succeeded to achieve a positive cash flow in the operative section. The actual liquids are now 6.6 million EUR.

Due to the successful BY 2010/11 reporting an absolute record in turnover and profit, the excellent capital status of the company without any bank liabilities and the continuously profitable business in new BY 2011/12, we intend to suggest to raise the previous years' dividend of 0.30 EUR per share to 0.50 EUR at the annual board meeting on 15th December 2011.

Consolidated Balance Sheet(uncertified), according to IAS/IFRS 30.09.2011 (previous year 30.06.2010)

T
O
T
A
L
A
S
S
E
T
S		 F
Y
3
0.
0
9.
2
0
1
1
€		 F
Y
3
0.
0
6.
2
0
1
1
€		 T
O		 T
A
L
E
Q
U
I
T
Y
&
L
I
A
B
I
L
I
T
I
E
S		 F
Y
3
0.
0
9.
2
0
1
1
€		 F
Y
3
0.
0
6.
2
0
1
1
€
A
No
t a
ts
n-
cu
rre
n
ss
e		 A. S
ha
ho
l
de
i
ty
re
r e
q
u
I.
Go
dw
i
l
l
o		 2.
8
8.
8
3
1
7		 2.
8
9
0.
3
3
3		 I.
Su
bs
i
be
d c
i
l
ta
cr
ap		 2.
9
4.
9
4
3
5		 2.
9
4.
9
4
3
5
I
I.
In
i
b
le
ta
ts
ng
as
se		 2
1
8.
4
2
6		 9
5.
3
4
3		 I
I.
Ca
i
l re
ta
p
se
rve		 8.
6
8
9.
3
6
4		 8.
6
8
9.
3
6
4
I
I
I.
Ta
i
b
le
ts
ng
as
se		 1.
3
3
9.
6
2
9		 1.
3
6
8.
1
6
2		 I
I
I.
Ex
ha
d
i
f
fe
c
ng
e
re
nc
es		 1.
1
1
4.
1
3
9		 1.
1
3
5.
0
5
2
I
V.
F
ina
ia
l a
ts
nc
ss
e		 1.
0
9
4.
3
3
9		 9
4.
2
8
8		 I
V
O
t
he
h.
inc
r c
om
p
re
om
e		 8.
2
9
3.
7
7
0		 5.
5
0
8.
1
5
7
V.
Ac
ts
iva
b
les
co
un
re
ce		 1
5
5.
0
0
0		 1
6
2.
4
3
0		 V.
Ne
t
inc
om
e		 3
7
1.
7
3
4		 2.
7
8
5.
6
1
3
2
1.
4
2
3.
9
0
5		 2
1.
0
3.
1
2
9
7
V
I.
De
fe
d
tax
rre
es		 3.
1
1
2		 1.
9
0
0
6
8
9.
3
3
5.
7		 4.
6
1
2.
4
6
5
B
Cu
t a
ts
rre
n
ss
e		 B. Lo
-te
l
ia
b
i
l
i
t
ies
rm
I.
Inv
to
ies
en
r		 9.
3
4
9.
5
9
5		 9.
5
9
4.
3
3
0		 ng
I.
Lo
-te
is
ion
ng
rm
p
rov
s		 2
9
2.
2
4
8		 3
2
3.
4
2
9
I
I.
Ac
ts
iva
b
les
co
un
re
ce
re
:		 I
I.
De
fe
d
tax
rre
es		 3
2
1.
9
1
2		 3
1
7.
4
7
9
De
l
ive
ies
/ s
ice
r
er
v		 1
2.
6
4
0
5.
5		 0
2.
2
2
5.
5
5		 6
1
4.
1
6
0		 6
4
0.
9
0
8
C. S
ho
t-
te
l
ia
b
i
l
i
t
ies
r
rm
I
I
I.
Ta
iva
b
les
x r
ec
e		 9
0
7
5.
7		 8.
8
9
6
5
I.
Tr
de
b
les
a
p
ay
a		 2.
7
1
3.
2
9
8		 2.
6
3
4.
8
4
3
I
V.
O
he
t
ts
r a
ss
e		 2
1
8.
0
0
6		 1
7
5.
2
4
9
I
I.
Ta
ls
x a
cc
ru
a		 5
7
8.
9
9
1		 9
2
5.
9
4
7
V.
Ca
h-
-h
d,
ba
k
s
on
an
n
ba
lan
ce
s		 6.
6
4
0.
5
5
0
2
1.
4
3
6.
6
9
8		 7.
5
8
9.
0
9
6
2
2.
4
7
0.
0
9
3		 O
I
I
I.
t
he
is
ion
r p
rov
s		 8
7
7.
8
2
2		 9
1
1.
3
6
0
I
V
O
he
l
ia
b
i
l
i
ies
/a
ls
t
t
r
cc
ru
a		 9
1
8
1
4
7.		 8
9
6.
3
6
3
5.
0
8
7.
9
2
5		 5.
3
6
8.
5
1
2
To
ta
l a
ts
ss
e		 2
7.
1
2
6.
0
3
5		 2
7.
0
8
2.
5
4
9		 To ta
l e
i
ty
/
l
ia
b
i
l
i
t
ies
q
u		 2
7.
1
2
6.
0
3
5		 2
7.
0
8
2.
5
4
9

Consolidated Income Statement

(uncertified) according to IAS/IFRS

Income Statement FY 2011/12 FY 2010/11
Sales revenues 13.022.291 € 11.005.930 €
Other operating income 159.381 € 190.962 €
Costs/ expenses for material 10.050.873 € 8.460.754 €
Personell expenses 1.456.735 € 1.368.375 €
Depreciation 119.752 € 78.092 €
Other operating expenses 1.052.123 € 905.694 €
Operation income (EBIT) 502.189 € 383.977 €
Interests and similar
income/expenses		 21.380 € 9.503 €
Tax on income and profit 151.835 € 97.109 €
Period's net income 371.734 € 296.371 €
Erning per share/1. Quartal 0,13 0,10
Shares outstanding 2.954.943 2.954.943

01.07. - 30.09.2011 (previous year 01.07.-30.09.2010)

Comprehensive Income Statement

0
1.
0
3
0.
0
9.
2
0
1
1
7.
-		 0
1.
0
9.
3
0.
0
9.
2
0
1
0
–
Gr
1.
's
io
d
in
ou
p
p
er
co
m
e		 3
7
1.
7
3
4		 2
9
6.
3
7
1
2.
In
/
Ex
lu
t
io
f
ta
i
b
le
d
cr
ea
se
p
en
se
s
re
-ev
a
a
n
o
ng
an		 0 0
in
i
b
le
ta
ts
ng
as
se
3.
C
f a
ha
d
ke
t v
lu
ts
ng
e
m
ar
a
e o
ss
e		 0 0
i
la
be
fo
le
av
a
r
sa
4.
D
i
f
fe
in
ha
te
re
nc
es
ex
c
ng
e
ra		 2
0.
9
1
3
-		 7
9.
2
6
9
-
In
5.
ta
co
m
e
xe
s		 0 0
T
O
T
A
L
l
t
re
su		 3
5
0.
8
2
1		 2
1
7.
1
0
2

Consolidated Statement of Changes in Equity

O
t
he
h.
in
r c
om
p
re
co
m
e		 T
t a
l
o
Su
bs
i
be
d
cr
i
l
ta
ca
p		 Ca
i
ta
l
p
re
se
rv
e		 Ex
ha
c
ng
e
te
ra

f
fe
d
i
re
nc
es		 Ma
ke
t –
r
lu
io
t
ev
a
a
n
re
se
rv
e		 f
/
Pr
i
t r
o
es
er
ve
Pr
f
i
ie
d
t c
o
ar
r
fo
d
rw
ar
E
U
R		 E
U
R		 E
U
R		 E
U
R		 E
U
R		 E
U
R
Ba
lan
0
1.
0
7.
2
0
1
1
ce
p
er		 2.
9
5
4.
9
4
3		 8.
6
8
9.
3
6
4		 1.
1
3
5.
0
5
2		 0 8.
2
9
3.
7
7
0		 2
1.
0
7
3.
1
2
9
Pe
io
d
's
t
inc
r
ne
om
e		 3
7
1.
7
3
4		 3
7
1.
7
3
4
C
ha
"O
t
he
l
ts
"
ng
es
r r
es
u		 2
0.
9
1
3
-		 2
0.
9
1
3
-
D
iv
i
de
d
ts
n
p
ay
-o
u		 0
Ba
lan
3
0.
0
9.
2
0
1
1
ce
p
er		 2.
9
5
4.
9
4
3		 8.
6
8
9.
3
6
4		 1.
1
1
4.
1
3
9		 0 8.
6
6
5.
5
0
4		 2
1.
4
2
3.
9
5
0
Ba
lan
0
1.
0
7.
2
0
1
0
ce
p
er		 2.
9
5
4.
9
4
3		 8.
6
8
9.
3
6
4		 6
8
7.
5
3
6		 2
0
6.
0
0
2
-		 6.
3
9
4.
6
4
0		 1
8.
5
2
0.
4
8
0
' n
Pe
io
d
t
inc
r
e
om
e		 2
9
6.
3
7
1		 2
9
6.
3
7
1
2
3
7
C
ha
"O
t
he
l
ts
"
ng
es
r r
es
u		 7
9.
2
6
9
-		 7
9.
2
6
9
0
-
D
iv
i
de
d
ts
n
p
ay
-o
u		 0
Ba
lan
3
0.
0
9.
2
0
0
9
ce
p
er		 2.
9
5
4.
9
4
3		 8.
6
8
9.
3
6
4		 6
0
8.
2
6
7		 2
0
6.
0
0
2
-		 6.
6
9
1.
0
1
1		 1
8.
7
3
7.
5
8
2

Consolidated Cash-flow Statement (uncertified) according to IAS/IFRS

01.07. -30.09.2011 (previous year 01.07. - 30.09.2010)

I. Operative Business FY 2011/12 FY 2010/11
Period's net income €
371.734		 €
296.371
Depreciation of tangible and intangible assets €
119.752		 €
78.092
Change of inventories €
244.735		 €
- 39.711
Change of accounts receivables € - 109.699 € - 312.868
Change of liabilities € - 321.072 €
349.523
Change of accruals €
- 64.719		 €
132.678
Change other assets €
- 42.757		 €
1.292
Cash-flow from operative business €
197.974		 €
505.377
II. Investment Activities
Investments of finance/tangible
and intangible assets		 € - 1.146.520 €
- 72.680
Earnings from assets €
0		 €
500
Cash-flow from investment activities € - 1.146.520 €
- 72.180
III. Financial Activities
Earnings from fiancial assets €
0		 €
0
VI. Cash-flow in total €
- 948.546		 €
433.197
V. Change in liquid funds
Cash at beginning of period € 7.589.096 € 6.355.459
Cash at end of period € 6.640.550 € 6.788.656

Annexe.

This quarterly report is to be understood and read in accordance with years' report dated 30.06.2011. The balancing and evaluation methods of fiscal year 2010/11 according to IAS/IFRS remain unchanged. The information given in this report is only valid at day of publication and cannot be written forth.

The number of full-time employees remains unchanged (prev. year 110).

The group's business comprises data visualization and power supplies.

Segment report Data Power
visualisiation supplies
TEuro TEuro
Turnover 5.328.100 7.694.191
Result (EBIT) 79.080 423.109
Financial result 8.748 12.632
Income tax 30.285 121.550
Net income 57.543 314.191

More from FORTEC Elektronik AG

AGM Information 2025
Dec 18
Quarterly Report 2025
Nov 28
Annual Report 2025
Nov 28
Earnings Release 2025
Nov 27
Report Publication Announcement 2025
Nov 26
Report Publication Announcement 2025
Nov 26
Board/Management Information 2025
Nov 11
Report Publication Announcement 2025
Oct 30
Report Publication Announcement 2025
Oct 24
Report Publication Announcement 2025
Oct 24
View all filings →

Talk to a Data Expert

Have a question? We'll get back to you promptly.