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 • May 27, 2014

161_10-q_2014-05-27_893135d3-6341-4acc-bf54-e9bf6583e07c.pdf

Quarterly Report

Open in Viewer

Opens in native device viewer

Report 3rd Quarter 2013/2014

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

01.07.2013 – 31.03.2014

Content

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

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

Management Report 2013/14

01.07.2013– 31.03.2014

During first nine months of BY 2013/14, turnover slightly increased by 0.3 million EUR to 33.5 million EUR compared to the weak first half year of last period. Mainly in 3rd quarter (01.01.-31.03.2014), turnover of 12.5 million EUR was considerably above that of last year's period of 11.8 million EUR.

The profit before tax and interest (EBIT) was below that of last year – last but not least due to the slightly negative result of the business of data visualization and reached a total EBIT of 1.3 million EUR (prev. year 1.5 million EUR). The profit after tax decreased from 1.1 million EUR in same period of previous year to 0.9 million EUR; in 3rd quarter of this BY, the income plus was 0.6 million EUR or 20 Cent per share – more than during first 6 months of this BY.

In the field of power supplies, the 9-months' turnover was 19.3 million EUR compared to 18.3 million EUR of last year. The net income before tax of 1.4 million EUR in this business segment was 0.4 million EUR above that of last year. Mainly in 3rd quarter, the turnover of 6.9 million EUR in power supplies and therefore the EBIT of 0.7 million EUR clearly reveals the regained strength of the company in this business field.

In spite of the strong 3rd quarter of 5.7 million EUR turnover and the positive EBIT of 0.1 million EUR in the field of data visualization with its result of 14.1 million EUR, it was not possible to achieve last year's turnover of 14.9 million EUR during these 9 months. The profit in this business segment further remained negative with 88 TEUR during these last 9 months. However, the company further expects positive results in this business segment of data visualization for the current BY.

CONSOLIDATED BALANCE SHEET (uncertified) according to IAS/IFRS 31.03.2014 (prev. years' figures 30.06.2013)

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

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

01.07.2013 - 31.03.2014 (prev.year's figures 01.07.12- 31.03.13)

Income Statement BY 2013/14 BY 2012/13
Sales revenue 33.483.365 € 33.155.376 €
Other operating income 330.406 € 922.473 €
Cost of material 25.696.040 € 25.593.848 €
Expenses personnel 4.267.820 € 4.128.801 €
Depreciation 215.206 € 179.912 €
Other operating expenses 2.335.286 € 2.676.328 €
Operating income (EBIT) 1.299.419 € 1.498.960 €
Other interst and similar income 14.105 € 41.487 €
Taxes on income and profit 380.922 € 438.193 €
Net income 932.602 € 1.102.254 €
Other result * 5.498 € ./. 14.278 €
Total result 938.100 € 1.087.976 €
Earning per share / 3rd quarter 0,32 € 0,37 €
Shares outstanding 2.954.943 2.954.943

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

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

Q 3 (1.01.-31.3.14) Q 3 (1.01.-31.03.13)
Sales revenues 12.548.621 € 11.774.354 €
Other operating income 70.582 € 174.133 €
Cost of material 9.608.479 € 8.997.352 €
Expenses personnel 1.472.885 € 1.357.449
Depreciation 75.513 € 51.489 €
Other operating expenses 664.925 € 744.673 €
Operating income (EBIT) 797.401 € 797.524 €
Interests and similar income 3.990 € 5.356 €
Taxes on income and profit 227.282 € 273.801 €
Net income 574.109 € 529.079 €
Other result * 2.704 € ./. 11.457 €
Total result 576.813 € 517.622 €
Earning per share/ 3rd
quarter		 0,20 € 0,18 €
Shares outstanding 2.954.943 2.954.943

01.01. - 31.03.2014 (prev.year's figures 01.01. - 31.03.13)

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

Consolidated Statement of Changes in Equity

O
he
he
ive
t
r c
om
p
re
ns
in
co
m
e		 T
O
T
A
L
Su
bs
i
be
d
cr
i
l
ta
ca
p		 Ca
i
l
ta
p
re
se
rv
e		 D
i
f
fe
in
re
nc
es
cu
rre
nc
y
ha
te
ex
c
ng
e
ra
s		 Ma
ke
t
r
lu
io
t
ev
a
a
n
re
se
rv
e		 /
Pr
f
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
3
ce
p
er		 5
2.
9
4.
9
4
3		 8.
6
8
9.
3
6
4		 1.
0
1
1.
3
2
4		 0 5.
9.
3
2
4
8
3		 2
1.
9
8
1.
1
1
4
Ne
inc
t
om
e		 9
3
2.
6
0
2		 9
3
2.
6
0
2
C
"o
ha
he
l
"
t
t
ng
es
r r
es
u		 5.
4
9
8		 5.
4
9
8
D
iv
i
de
d
ts
n
p
ay
me
n		 1.
4
7
7.
4
7
1
-		 1.
4
4
1
7
7.
7
-
Ba
lan
3
1.
0
3.
2
0
1
4
ce
p
er		 5
2.
9
4.
9
4
3		 8.
6
8
9.
3
6
4		 1.
0
1
6.
8
2
2		 0 8.
7
8
0.
6
1
4		 2
1.
4
4
1.
7
4
3
Ba
lan
0
1.
0
7.
2
0
1
2
ce
p
er		 2.
9
5
4.
9
4
3		 8.
6
8
9.
3
6
4		 1.
1
4
2.
2
4
9		 0 9.
0
4
4.
5
8
4		 2
1.
8
3
1.
1
4
0
Ne
inc
t
om
e		 1.
1
0
2.
2
5
4		 1.
1
0
2.
2
5
4
C
ha
"o
he
l
"
t
t
ng
es
r r
es
u		 /.
1
4.
2
7
8		 /.
1
4.
2
7
8
D
iv
i
de
d
ts
n
p
ay
me
n		 /.
1.
4
7
7.
4
7
1		 /.
1.
4
7
7.
4
7
1
Ba
lan
3
1.
0
3.
2
0
1
3
ce
p
er		 2.
9
5
4.
9
4
3		 8.
6
8
9.
3
6
4		 1.
1
2
7.
9
7
1		 0 8.
6
6
9.
3
6
7		 2
1.
4
4
1.
6
4
5

Consolidated Cash Flow Statement

(uncertifies), according to IAS/IFRS

01.07.2013 -31.03.2014 (prev.year's figures 01.07.12 - 31.03.2013)

I. Operative Business BY 2013 /14 BY 2012 /13
Net income €
932.602		 € 1.102.254
Depreciation of tangible and intangible assets €
215.206		 €
179.912
Change of inventories €
941.653		 € - 250.109
Change of accounts receivables €
835.391		 €
453.416
Change of liabilities € - 405.541 € - 1.249.187
Change of accruals €
35.663		 € -
195.728
Change of other assets € - 248.843 € -
145.264
Cash-flow from operative business ------------------
€ 2.306.131		 --------------------
€ -
104.706
II. Investment Activities
Cash-flow from investment activities		 € - 283.746 € -
95.383
III. Financial Activities
Dividend payments € -1.477.471 € - 1.477.471
VI. Cash-flow in total €
544.914		 € - 1.677.560
V. Change in Liquid Funds
Cash at beginning of period € 7.236.838 €
8.694.827
Cash at end of period € 7.781.752 €
7.017.267

Annexe.

The balancing and evaluation methods of fiscal year 2012/13 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 of 110 remained unchanged (prev. year 110). The group's business comprises data visualization and power supplies.

Segment report Data Power
visualisiation supplies
TEuro TEuro
Turnover 14.155 19.328
Result (EBIT) . /. 88 1.387
Financial result 6 8
Income tax 24 ./. 405
Net income . /. 58 990

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.