Quarterly Report • Nov 30, 2017
Quarterly Report
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Management Report Consolidated Balance Sheet Consolidated Statement of Comprehensive Income
During first quarter of BY 2017/18, a small increase is reported by a turnover of 19.6 million EUR compared to previous year of 18.4 million EUR. Turnover in the segment of data visualization increased from 11.4 million EUR to 12.9 million EUR compared to previous year, whereas turnover in the segment power supplies slightly decreased from 7.0 million EUR to 6.5 million EUR, which among others is based on a minor economic slow-down of the niche market railway.
Due to positive impulses during first quarter and the tailwind of the strong second business half year 2016/17, an EBIT of 1.7 million EUR was achieved. Thus, the EBIT margin of previous quarter could be topped from 5.7% to 8.7%, which was especially due to the segment data visualization as well as the subsidiary in the U.S.A. which could provide projects of special quality growth during these last months. Therefore, the FORTEC group generated a period net income of 1.2 million EUR during this first quarter.
In spite of the summer months, the order backlog of approx. 36 million EUR was constant and is expected to get another kick during second quarter.
Due to the fact that during report period the EUR has become stronger again towards the dollar, liabilities due to currency exchange differences of 334 TEUR are to be reported upon preparation of the total result. These are current exchange rate amounts of foreign participations especially in the U.S.A. After three months, a total result of 858 TEUR can be reported; the result per share amounts to 0.40 EUR.
The new management board appreciates this successful quarterly result and estimates a similar positive development during ongoing quarter. FORTEC continues to be on its road to success.
| in A S S E T S Eu ro |
3 0. 0 9. 2 0 1 7 |
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 0. 0 9. 2 0 1 7 |
3 0. 0 6. 2 0 1 7 |
||
|---|---|---|---|---|---|---|---|
| A. | No t a ts n- cu rre n ss e |
8. 4 1 5. 6 7 1 |
8. 0 4 1. 9 6 4 |
B. | i l Co ta m p an y ca p |
2 8. 8 7 7. 8 5 9 |
2 8. 0 1 9. 6 4 6 |
| I. | dw l l Go i o |
5. 1 1 4. 0 2 9 |
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 8. 3 6 1 7 |
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 1 6. 3 0 6 |
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 |
6 4 2. 8 1 2 |
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 5. 3 9 8. 4 5 7 |
1 1. 1 3 8. 5 8 0 |
| V. | Lo -te ng rm b les iva rec e |
3. 2 3 7 7 |
6 0 7 4. 1 |
V. | io d inc Pe t r ne om e |
9 2. 2 8 1. 1 4 |
2 9. 8 4. 5 7 7 |
| V I. |
fe d De ta rre xe s |
2 4 7. 6 6 0 |
3 2 9. 3 2 0 |
||||
| B. | Cu t a ts rre n ss e |
3 4. 5 9 8. 7 7 7 |
3 2. 3 5 6. 7 6 2 |
B. | Lo l ia b i l i ies -te t ng rm |
4. 2 0 3. 9 5 4 |
4. 6 7 7. 2 6 3 |
| I. | Inv ies to en r |
1 9. 6 7 5. 9 8 2 |
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. 7 4 9. 9 9 6 |
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. 2 9 2. 4 8 5 |
7. 1 2 2. 3 4 7 |
I I. |
Lo is ion -te ng rm p rov s |
2 1 8. 6 5 0 |
2 0 3. 5 6 7 |
| I I I. |
b les Ta iva x r ec e |
1. 3 4 2. 4 2 8 |
1. 4 8 4. 2 9 8 |
I I I. |
fe d De ta rre xe s |
2 3 5. 3 0 8 |
3 0 7. 0 3 2 |
| I V. |
he O t ts r a ss e |
5 9 5. 2 5 4 |
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 |
4. 6 9 2. 6 2 8 |
5. 6 5 5. 4 9 1 |
B. | ho l b l S ia i i ies t- te t r rm |
9. 9 3 2. 6 3 4 |
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. 8 9 8. 3 8 0 |
3. 5 5 6. 9 8 6 |
|||
| I I I. |
ls Ta x a cc ru a |
1. 1 7 4. 3 0 6 |
1. 5 9 2. 6 5 3 |
||||
| I V. |
he O is ion t r p rov s |
2 3 5. 9 0 8 |
2 1 5. 3 3 2 |
||||
| V. | O he l ia b i l i ies ls / t t r ac cr ua |
2. 9 0. 0 3 7 7 |
9 2 0. 8 1 1 7 |
||||
| l To As ta ts se |
4 3. 0 1 4. 4 4 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. 0 1 4. 4 4 8 |
4 0. 3 9 8. 7 2 6 |
| in Euro | Consolidated P&L 01.07.17-30.09.17 |
Consolidated P&L 01.07.16-30.09.16 |
|---|---|---|
| Sales revenues | 19.617.714 | 18.412.996 |
| Increase of stock unfinished products | 323.125 | |
| Other operating income | 363.594 | 378.266 |
| Material expenses | 13.904.329 | 12.793.939 |
| Personnel expenses | 2.917.782 | 3.017.480 |
| Depreciation | 139.867 | 129.813 |
| Other operating expenses | 1.630.400 | 1.791.916 |
| Operating result (EBIT) | 1.712.055 | 1.058.114 |
| Income from investments | - | - |
| Other interest and similar income/expenses | -6.374 | -12.417 |
| Tax from income and revenue | 513.397 | 292.795 |
| Period's net income | 1.192.284 | 752.902 |
| Other result | -334.071 | -8.312 |
| Total result | 858.214 | 744.590 |
| Earning per share | 0,40 | 0,25 |
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.
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