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Viscom AG — Earnings Release 2011
Mar 27, 2012
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Earnings Release
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Corporate | 27 March 2012 07:30
Viscom AG: Most successful financial year in the history of Viscom AG
Viscom AG / Key word(s): Final Results
27.03.2012 / 07:30
Viscom AG: Most successful financial year in the history of Viscom AG
– Revenue: +33.7 %
– EBIT +68.5 %
Hanover, 27 March 2012 − Viscom AG (ISIN DE 0007846867), European market leader for high-quality automated optical inspection systems in the electronics industry, recorded a very positive financial year 2011. Straight from the first quarter of 2011, Viscom managed to utilise the high growth potential of the national and international markets. Both order situation and revenue developed extraordinarily well as early as the first half of the year. Performance in the remainder of the year was also very positive.
The continuous effort and unfaltering commitment in the individual business areas contributed to very good annual revenue – the highest in the history of the Company. Consolidated revenue rose by 33.7 % to EUR 53,499 thousand in 2011 (previous year: EUR 40,024 thousand). The very positive income and financial benchmark figures exceeded the already optimistic forecasts. Earnings before interest and taxes (EBIT) developed particularly well in financial year 2011. At
EUR 12,014 thousand (previous year: EUR 7,132 thousand), EBIT was 68.5 % up year-on-year, surpassing the published guidance for financial year 2011 by around 25.0 %. EBIT include a one-off effect for capitalised company-produced assets to the amount of EUR 1,516 thousand. The EBIT margin was 22.5 %, considerably higher than the forecast from 27 July 2011, which expected a rise in the region between 15 % and 18 %. This picks up on the good performance in the third quarter of 2011.
Incoming orders amounted to EUR 50,931 thousand (previous year: EUR 48,249 thousand). This figure reiterates that customers are still willing to invest. Order backlog declined to EUR 10,912 thousand at the end of 2011 (previous year: EUR 13,480 thousand) due to the steep rise in revenue.
In Asia, the Company was able to increase revenue. Total revenue including direct deliveries rose 1.3 times to EUR 9,936 thousand (previous year: EUR 7,629 thousand). This rise was carried by the strong market position of automotive and electrical equipment producers.
Revenue in the Americas region rose by 96.2 % to EUR 6,664 thousand (previous year: EUR 3,397 thousand). The American market continued to recover after the financial and economic crisis in recent years. The reorganisation of sales activities on the American continent was a major contributor to this revenue increase. The newly opened sales office in San José will assist in generating further positive performance in this region.
Revenue in Germany went up by 41.2 % to EUR 24,345 thousand (previous year: EUR 17,239 thousand). At 45.5 % of total revenue, it is the Groupʼs most important sales market.
In the rest of Europe, revenue of EUR 12,554 thousand was also up year-on-year (previous year:
EUR 11,759 thousand).
Net profit for the period declined from EUR 10,523 thousand in the previous year to EUR 8,496 thousand due to a rise in income tax expenses amounting to EUR 4.128 thousand (previous year:
EUR -3.048 thousand).
The Executive Board and Supervisory Board will propose a dividend of EUR 0.50 per share at the Annual General Meeting. This corresponds to a distribution rate of around 52 %.
The management of Viscom AG expects revenue between EUR 52 million and EUR 54 million and an EBIT margin of 13 % to 17 % in financial year 2012.
The Annual Report 2011 is now available on the Company website www.viscom.de in the Investor Relations section.
Any forecasts, expectations or forward-looking statements included in this report may carry risks and uncertainties. We therefore cannot guarantee that these assumptions will turn out to be correct. Actual results and developments may vary significantly from the forecasts and assumptions made in this report. Factors that may lead to such deviations include changes to the general economic development and competitive position, exchange rate and interest rate fluctuations, as well as amendments to national and international laws. The Company does not assume any responsibility for updating the statements contained in this report.
Key figures of the Group
Key Group Figures
| Key figures (KEUR) | 01.01.−31.12.2011 | 01.01.−31.12.2010 |
| Revenue | 53,499 | 40,024 |
| EBIT | 12,014 | 7,132 |
| EBIT margin | 22.5 % | 17.8 % |
| Financial result | 610 | 343 |
| Income taxes | -4,128 | 3,048 |
| Net profit for the period | 8,496 | 10,523 |
| Earnings per share | 0.96 EUR | 1.18 EUR |
| Shares | 9,020,000 | 9,020,000 |
| Dividend bearing shares | 8,885,060 | 8,885,060 |
| Employees (as of 31.12.) | 273 | 264 |
Segment Information
| Key figures (KEUR) | 01.01.-31.12.2011 | 01.01.-31.12.2010 |
| Europe | ||
| Revenue | 36,899 | 28,998 |
| EBIT | 10,439 | 6,759 |
| EBIT margin | 28.3 % | 23.3 % |
| Asia | ||
| Revenue | 9,936 | 7,629 |
| EBIT | 1,072 | 336 |
| EBIT margin | 10.8 % | 4.4 % |
| Americas | ||
| Revenue | 6,664 | 3,397 |
| EBIT | 503 | 37 |
| EBIT margin | 7.5 % | 1.1 % |
Contact:
Viscom AG
Investor Relations
Dirk Schwingel
Carl-Buderus-Str. 9-15
30455 Hannover
Tel.: +49-511-94996-861
Fax: +49-511-94996-555
End of Corporate News
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| Language: | English |
| Company: | Viscom AG |
| Carl-Buderus-Strasse 9-15 | |
| 30455 Hannover | |
| Germany | |
| Phone: | +49 (0) 511 94 996 771 |
| Fax: | +49 (0) 511 94 996 555 |
| E-mail: | [email protected] |
| Internet: | www.viscom.de |
| ISIN: | DE0007846867 |
| WKN: | 784686 |
| Listed: | Regulierter Markt in Frankfurt (General Standard), Hannover; Freiverkehr in Berlin, Düsseldorf, München, Stuttgart |
| End of News | DGAP News-Service |
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