Augusta Technologie AG / Half Year Results
14.08.2008
Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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AUGUSTA records dynamic first half of 2008 for earnings and revenue
- Profitable growth in both segments
- Raise in annual targets as a result of Prosilica acquisition
Munich, August 14, 2008. The sensor and automation technology specialist
group AUGUSTA Technologie AG (ISIN DE000A0D6612) was able to demonstrate
continued strong growth in the first half of 2008 despite the generally
difficult economic environment.
With sales revenues of EUR 63.09 million, the AUGUSTA Group noted an
increase of 10.3 percent compared to the prior year (EUR 57.22 million). It
was also possible to increase earnings before interest and taxes (EBIT)
compared to the prior year (EUR 8.62 million) by 10.6 percent to EUR 9.53
million. The net income rose disproportionately and reached an amount of
EUR 6.57 million, an increase of 28.9 percent compared to the prior year
(EUR 5.09 million). Earnings per share at EUR 0.83 were also considerably
above that of the prior year (EUR 0.61 per share). Booked business
increased to EUR 43.99 million, which corresponds to an increase of 14.2
percent compared to the prior year (EUR 38.52 million). Holding costs were
reduced in comparison to the previous year despite increasing acquisition
activity expenses by 6.8 percent to EUR 1.64 million.
Operating core values in both segments above prior year
While the Controls segment was able to note a disproportionate increase in
revenue and earnings, the Sensors segment developed according to plan.
Sales revenues in the Sensors segment were at EUR 39.46 million in the
first half of the year and were higher by 5.8 percent compared to the prior
year (EUR 37.32 million). Earnings before interest and taxes (EBIT) rose by
4.8 percent to EUR 6.39 million in the first half of 2008 (prior year: EUR
6.10 million), meaning the EBIT margin was at 16.2 percent.
Sales revenues in the Controls segment rose considerably and with EUR 23.63
million were around 18.7 percent above the prior year value (EUR 19.91
million). The operational result showed strong growth. It was possible to
increase EBIT by 11.6 percent with EUR 4.80 million compared to the prior
year (EUR 4.30 million). The EBIT margin was at 20.3 percent.
AUGUSTA Group
Sales Revenues
Group
HY 2008: EUR 63.09 million; HY 2007: EUR 57.22 million; Growth: +10.3%
Sensors
HY 2008: EUR 39.46 million; HY 2007: EUR 37.32 million; Growth: +5.8%
Controls
HY 2008: EUR 23.63 million; HY 2007: EUR 19.91 million; Growth: +18.7%
EBIT
Group:
HY 2008: EUR 9.53 million; HY 2007: EUR 8.62 million; Growth +10.6%
Holding costs
HY 2008: EUR -1.64 million; HY 2007: EUR -1.76 million; Change: -6.8%
Sensors
HY 2008: EUR 6.39 million; HY 2007: EUR 6.10 million; Growth: +4.8%
Controls:
HY 2008: EUR 4.80 million; HY 2007: EUR 4.30 million; Growth: +11.6%
Key Figures
Net income for the period according to DCO:
HY 2008: EUR 6.57 million; HY 2007: 5.09 million; Growth: +28.9%
Earnings per share in EUR:
HY 2008: EUR 0.83 ; HY 2007: 0.61 Euro; Growth: +35.7%
Order book:
HY 2008: EUR 43.99 million; HY 2007: EUR 38.52 million; Growth: +14.2%
Outlook
The Managing Board reinforces once again its guidance for 2008 for the
booked business despite flagging growth dynamics in the Sensors segment.
Due to the acquisition of Prosilica Inc. in the vision technology sector
(consolidating as of August 1, 2008), AUGUSTA is raising its estimates
corridor for the current fiscal year as follows:
Guidance 2008 new
Group sales revenues: EUR 130-132 million;
Sales revenues Sensors: EUR 83-85 million;
Sales revenues Controls: EUR 47-49 million;
Group EBIT: EUR 19-21 million;
EBIT Sensors: EUR 12-14 million;
EBIT Controls: EUR 9-11 million;
Guidance 2008 up to now
Group sales revenues: EUR 127-129 million;
Sales revenues Sensors: EUR 83-85 million;
Sales revenues Controls: EUR 44-46 million;
Group EBIT: EUR 18-20 million;
EBIT Sensors: EUR 12-14 million;
EBIT Controls: EUR 8-10 million.
AUGUSTA Technologie AG
Stefanie Zimmermann
Phone: +49-89-435715519
DGAP 14.08.2008
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Language: English
Issuer: Augusta Technologie AG
Willy-Brandt-Platz 3
81829 München
Deutschland
Phone: +49-(0)89-4357155-19
Fax: +49-(0)89-4357155-56
E-mail: investor-relations@augusta-ag.de
Internet: www.augusta-ag.de
ISIN: DE000A0D6612, DE0003705992
WKN: A0D661, 370599
Indices: CDAX, PRIMEALL
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Stuttgart, München, Düsseldorf
End of News DGAP News-Service
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DGAP-Adhoc: Augusta Technologie AG: Dynamic first half 2008
| Source: EQS Group AG