Viscom AG — Interim / Quarterly Report 2012

Nov 8, 2012

News Details

Ireland | 8 November 2012 08:30

Viscom AG: Positive order situation in the third quarter

Viscom AG / Release of an announcement according to Article 37x of the WpHG [the German Securities Trading Act]

08.11.2012 08:30

Interim report according to Article 37x of the WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

---

Hanover, 8 November 2012
Viscom AG develops, manufactures and sells high-quality automated optical
and X-ray inspection systems for use in industrial electronics production
and is one of the global leaders in its field. Viscom inspection systems
are used in nearly all sectors of the electronics industry.

General Business Performance

Following a second quarter that was marked by reserved investment
activities in Europe, Viscom Group's business performance became clearly
positive again in the third quarter, and the Group's revenue and earnings
development was on target. Incoming orders in the third quarter rose by
around 57 % compared to the second quarter. This underlines a positive
trend and will generate high production capacity utilisation and
corresponding revenue estimates until the end of the year.

Europe generated considerable growth in the third quarter and Viscom Group
customers once again increased their investments in inspection systems. The
European economic environment is still impacted by uncertainty despite
making a slight recovery.

In the important region of Asia, Viscom Group managed to double incoming
orders compared to the first half of the year by consistent and long-term
customer relationship management.

The positive development in the Americas region continued in the third
quarter. Primarily the automotive supply industry, but also service
providers in the SME sector are filling the order books in this region. The
economy in the USA is improving slowly but steadily. However, at present
this recovery is still being held back by a certain unwillingness to invest
− due to the results of the presidential elections in November to be
awaited. The end-of-year business is expected to provide positive momentum
in this region.

Net Assets and Financial Position

Viscom generated Group revenue of EUR 35,939 thousand in the first three
quarters of 2012 (previous year: EUR 39,351 thousand), corresponding to an
8.7 % decrease. Earnings before interest and taxes (EBIT) amounted to EUR
5,924 thousand (previous year: EUR 8,692 thousand). With an EBIT margin of
16.5 % (previous year: 22.1 %), Viscom Group's profitability remains at a
very satisfactory level. Net profit for the period declined from EUR 6,400
thousand in the previous year's period to EUR 4,243 thousand.

In the first nine months of 2012, customers placed orders in the amount of
EUR 35,448 thousand with Viscom Group. Incoming orders were down by around
8 % on the very strong period in the previous year (previous year: EUR
38,510 thousand). Order backlog at the end of the third quarter of 2012 was
EUR 10,421 thousand (previous year: EUR 12,639 thousand).

With an equity ratio of 87.9 %, Viscom AG still has a very strong equity
base (31 December 2011: 86.0 %).

Outlook

Viscom Group is sticking with its published guidance for the current
financial year of EUR 52 million to EUR 54 million in revenue and an EBIT
margin between 13 % and 17 %.
Key figures of the Group

Consolidated income statement (KEUR) 01.01.−30.09.2012
01.01.−30.09.2011
Revenue 35,939 39,351
EBIT 5,924 8,692
Financial result 249 402
Income taxes -1,930 -2,694
Net profit for the period 4,243 6,400
Earnings per share EUR 0.48 EUR 0.72
Number of employees at end of period 290 273

Consolidated balance (KEUR) 30.09.2012 31.12.2011
Assets
Current assets 54,741 58,578
Non-current assets 13,426 13,902
thereof: Financial assets 7,177 7,177
Total assets 68,167 72,480

Liabilities
Current liabilities 7,789 9,687
Non-current liabilities 464 452
Shareholders' equity 59,914 62,341
Total liabilities and shareholders' 68,167 72,480
equity
Equity ratio 87.9 % 86.0 %

Consolidated cash flow Statement (KEUR) 01.01.- 01.01.-
30.09.2012 31.12.2011
Cash flow from operating activities 6,821 11,535
Cash flow from investing activities -1,282 -8,814
Cash flow from financing activities -6,664 86
End of period capital 27,678 28,810

Segment information (KEUR) 01.01.−30.09.2012 01.01.−30.09.2011
Europe
Revenue 23,467 30,068
EBIT 4,732 7,661
Asia
Revenue 6,559 5,736
EBIT 297 711
Americas
Revenue 5,913 3,547
EBIT 895 320

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.

08.11.2012 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

---

Language: English
Company: Viscom AG
Carl-Buderus-Strasse 9-15
30455 Hannover
Germany
Internet: www.viscom.de

End of Announcement DGAP News-Service

---