Viscom AG — Earnings Release 2006

Nov 10, 2006

News Details

Corporate | 10 November 2006 07:00

Viscom AG: Viscom AG with Dynamic Business Development in Third Quarter

Corporate news transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. —————————————————————————— Viscom AG with Dynamic Business Development in Third Quarter – Revenues rise 18.9% compared to previous quarter – underscores seasonality – Nine month revenues rise to €38.0 million – a plus of 7.0% – Convincing order intake – 16.1% more orders than in previous year’s period – 28.0% more employees extend development, sales and service capacity – Net profit increases by 25,87% to €4,7 million Hanover, November 10, 2006 – The Viscom AG, European market leader for automatic optical inspection systems for the electronics industry, raised company revenues in the third quarter to 18.9% over the previous quarter. This development underscores the seasonality of the business: generally the second half of a year is stronger than the first – additionally, the second half year again displays an evident imbalance favouring the fourth quarter. Revenues during the first nine months of the year reached €38.0 million – an increase of 7.0% over last year’s period. This revenue development remains slightly behind the company’s own expectations, as conditioned by a temporary shift of revenues expected from the region Asia: a portion of the revenues anticipated for the second half year 2006 can be first realized in the year 2007. During this report period the EBIT reached €6.1 million. With this, Viscom achieved an EBIT margin of 16.0% – a result which lies in the scope of the companies projections with regard to the current revenue. The EBIT was achieved despite raised expenditure for construction of application centres and higher trade fair and marketing costs, as well as a targeted expansion of the employee base. After taxes, Viscom achieved a profit of €4.7 million – a rise of 25.7% from the comparable previous year’s period. The order situation at September 30, 2006 shaped up convincingly: the Viscom AG drew in orders of over €38.1 million during the first nine months of this year, a rise of 16.1% over the comparable period last year. Order backlog stood at €9.1 million on September 30th, compared to €8.8 million at the end of the third quarter 2005. 73 new employees strengthen the Viscom team and clearly extend development, sales, and service capacity. With them, the Viscom Group employed 334 employees at the end of September 30, 2006 – 28.0% more than a year ago. The segment Europe remains the strongest source of revenues for the Viscom Group; around 70% of revenues during the first nine months of the year were achieved here. Viscom raised revenues in Europe 10.2% in comparison to the previous year’s period, to €26.8 million after this year’s first nine months. In Asia, a portion of the revenues originally expected for this report period will accrue with a temporary delay and so will first be realized in the year 2007. Therefore revenues during the report period declined 28.0% from the comparable previous year’s period and stands at €4.4 million for the first nine months of the year 2006. Viscom has achieved a revenue increase of more than a third in the region America: revenues here took on 33.7% during the first three quarters of the year 2006, from €5.1 million during the previous year’s comparable period to its current €6.8 million. Viscom systems are technological high end products and are successfully deployed around the world. Viscom inspection systems find their application in nearly all sectors of the electronics industry: the delivery spectrum ranges from the automotive industry through aviation and aerospace technology, to machine fabrication and pharmaceuticals as well as their suppliers. In these sectors, the highest quality standards are enforced. With its regional expansion, Viscom increasingly opens up the consumer and communication sectors – branches that promise an especially high potential. The development perspective of the Viscom Group in Asia is extremely advantageous. Viscom has already won important key customers in this discriminating market. On the other hand, some initial business approaches stretch out over a longer time frame than initially anticipated. Therefore a portion of the revenues anticipated for the year 2006 will likely be first realized in the course of the year 2007. Despite this, the Viscom Group expects higher revenues for the entire year 2006 in comparison to last year. If this publication contains any forecasts or expectations or if statements refer to the future, these statements can involve risks and uncertainties. We therefore cannot guarantee that the expectations will prove to be correct. Actual events and developments can differ significantly from the expectations and assumptions expressed herein. The factors that can cause such deviations include, among others, changes in the general economic situation and the competitive situation, exchange-rate and interest-rate fluctuations, changes in national and international legislation. The company does not assume any obligation to update the statements contained in this publication. Key Figures of Viscom AG Consolidated Information 9M 2006 Key Figures Jan.- Sep. Jan.- Sep. 2006 2005 Revenues 38.023 35.532 EBIT 6.101 6.460 EBIT-margin 16,0% 18,2% Financial result 400 -86,9 Income tax -1.799 -2.633 Period net income 4.702 3.740 Earnings per share 0,52 55,65 Number of shares 9.020.000 67.200 Number of employees 334 261 Key Figures of Viscom AG Segmental Information 9M 2006 Key Figures Jan.- Sep. Jan.- Sep. 2006 2005 Europe Revenues 26.763 24.280 EBIT 5.376 5.041 EBIT-margin 20,1% 20,8% Financial result 414 -87 Income tax 1.537 2.295 Period net income 4.253 2.659 Asia Revenues 4.416 6.134 EBIT 106 1.013 EBIT-margin 2,4% 16,5% Financial result 0 0 Income tax 21 185 Period net income 85 828 Americas Revenues 6.844 5.118 EBIT 619 406 EBIT-margin 9,0% 7,9% Financial result -14 0 Income tax 241 153 Period net income 364 253 Contact: Viscom AG Investor Relations Katharina Blanke Carl-Buderus-Str. 9-15 30455 Hannover Tel.: +49-511-94996-861 Fax: +49-511-94996-501 katharina.blanke@viscom.de (c)DGAP 10.11.2006 ————————————————————————— Language: English Issuer: Viscom AG Carl-Buderus-Strasse 9-15 30455 Hannover Deutschland Phone: +49 (0) 511 94 996 861 Fax: +49 (0) 511 94 996 501 E-mail: katharina.blanke@viscom.de WWW: www.viscom.de ISIN: DE0007846867 WKN: 784686 Indices: Listed: Amtlicher Markt in Frankfurt (Prime Standard), Hannover; Freiverkehr in Berlin-Bremen, Düsseldorf, München, Stuttgart End of News DGAP News-Service ————————————————————-