DATA MODUL AG / Quarter Results
06.11.2008
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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The Munich based company, Data Modul, is the European market leader in the
area of display technology. Data Modul develops, manufactures and
distributes innovative flat displays, electronic sub-assemblies, and
complete information systems.
Revenues in the third quarter improved by 4.0 % to 34.7 million euros.
For the first nine months revenues reached 103.1 million euros (104.6
million euros last year). Order entry declined in the third quarter due to
project development and the general economic climate by 7.8 % to 30.4
million euros. Order entry for the first nine months of 2008 amounted to
100.4 million euros, or 8.6 % less than last years figure of 109.8 million
euros. Order backlog equalled 71.4 million euros at the end of the third
quarter and was 4.1 % under last years amount of 74.4 million euros. The
theoretical range for revenues based on the order backlog continues to be
about six months. The export quota during the period of January through
September 2008 reached 37.2 % (37.4 % last year) and reflected the enduring
international actions in our business activities. The earnings before
interest and taxes (EBIT) according to IFRS for the third quarter of the
current year reached a value of 2.3 million euros. This result is 19.9 %
under the very high amount from the third quarter of last year. The EBIT
for the first nine months was 6.6 million euros, or 25.4 % under last
years project based amount of 8.9 million euros. The earnings per share
for the continuing business segments amounted to 0.38 euros in the third
quarter (0.53 euros last year), based on 3,205,620 shares. For the first
nine months of the year 2008, earnings per share were 1.29 euros (2.01
euros last year). It should be noted that the results from last year were
positively benefited by a special tax effect resulting from the
discontinued business segment. The earnings per share for the Corporation
amounted to 0.38 euros in the third quarter (0.56 euros last year), and for
the first nine months of the year, the earnings per share were 1.29 euros,
compared to last years amount of 1.22 euros. The equity ratio for the
Corporation (according to IFRS) at the end of the third quarter 2008 was
43.2 % (39.7 % last year) and 67.4 % (72.2 % last year) for Data Modul AG
(according to HGB).
Key Figures for the Data Modul Corporation per IFRS<pre>
Juli Juli Cha- Jan. Jan. Cha-
Sept. Sept. nges Sept. Sept. nges
2008 2007 % 2008 2007 %
Net Sales in cont. 34.7 33.4 +4.0 103.1 104.6 -1.5
segments (in million )
Net Sales Industry (in 28.2 24.3 +15.9 79.6 77.0 +3.3
million )
Net Sales Info systems 6.5 9.0 -27.2 23.5 27.2 -13.6
(in million )
Net Sales - Multi-media 0 1.6 -100 0 9.5 -100
(in million )
Order entry in cont. 30.4 33.0 -7.8 100.4 109.8 -8.6
segments (in million )
EBIT in continuing 2.3 2.8 -19.9 6.6 8.9 -25.4
segments (in million )
PAT total (in million ) 1.2 1.8 -33.0 4.1 3.9 +6.3
Employees 299 257 +16.3 299 257 +16.3
Earnings per share in 0.38 0.56 -32.1 1.29 1.22 +5.7
total (in e)*
Earnings per share for 0.38 0.53 -28.3 1.29 2.01 -35.8
cont. segments (in )*</pre>
* Profit after tax for 3rd quarter or nine months / Number of shares
As a result of present uncertainty in the current economic situation, we
expect to see a delay in customer deliveries on particular orders, and now
foresee a revenue forecast for the corporation of ca. 133 to 138 million
euros for 2008. Similarly, the EBIT for the continuing business activities
will be slightly under our earlier prognoses. Despite the difficult market
economy, we will consequently continue the extension of international
business activity, as well as the expansion of system components and
developing new application areas in order to achieve our mid term goals of
increasing revenues and profits.
The Executive Board
Munich, November 6, 2008
DGAP 06.11.2008
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Language: English
Issuer: DATA MODUL AG
Landsberger Straße 322
80687 München
Deutschland
Phone: +49 (0)89 56017-105
Fax: +49 (0)89 56017-102
E-mail: barbara.lederer@data-modul.com
Internet: www.data-modul.com
ISIN: DE0005498901
WKN: 549890
Listed: Regulierter Markt in Frankfurt (Prime Standard), München;
Freiverkehr in Düsseldorf, Hamburg, Berlin, Stuttgart
End of News DGAP News-Service
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DGAP-Adhoc: DATA MODUL AG: Good development in revenue and profit development again in the 3rd quarter
| Source: EQS Group AG