IBS AG excellence, collaboration, manufacturing / Preliminary Results/Quarter Results
06.08.2010 07:31
Dissemination of a Corporate News, transmitted by
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- Increase of 13% in quarterly Group turnover
- 65% of turnover generated by licence and maintenance business
- 2nd quarter increase in EBIT margin to 13%
- Further increase in volume of orders on hand to 12M EUR
- Increase in operative cash flow to 917K EUR
Hoehr-Grenzhausen, 6th August 2010: IBS AG's turnover, which amounted to
5.49M EUR during the second quarter of 2010, corresponded to a 13 per cent
increase from the same period of the previous year (Q2 2009: 4.86M EUR).
This increase was largely due to a dramatic 62 per cent rise in licence
sales to 1.68M EUR (Q2 2009: 1.04M EUR). IBS generated approximately 65 per
cent of its overall turnover with high-margin licence and maintenance
business.
Second quarter 2010 earnings before interest, taxes, depreciation and
amortisation (EBITDA) amounted to 830K EUR (Q2 2009: 579K EUR),
corresponding to an increase of 43 per cent and an EBITDA margin of 15 per
cent (Q2 2009: 12 per cent). During the last quarter, IBS AG's earnings
before interest and taxes (EBIT) amounted to 722K EUR, compared to 417K
generated during the second quarter of 2009. This corresponded to an EBIT
margin of 13 per cent (Q2 2009: 8.6 per cent). The sharp rise in EBIT was
largely due to a greater volume of licence sales.
Operative cash flow showed a notable recovery, amounting to 917K EUR at the
end of the second quarter of 2010, compared to -354K EUR for the same
period of the previous year.
In the half-yearly comparison, the turnover of 9.71M EUR generated by the
IBS AG Corporate Group corresponded to an increase of 6 per cent (1st half
of 2009: 9.17M EUR). The single company IBS AG achieved a 12 per cent
increase in turnover, which amounted 7.12M EUR.
Earnings before interest, taxes, depreciation and amortisation (EBITDA)
amounted to 1,284K EUR at the end of the first half of 2010 (1st half of
2009: 812K EUR), with an EBITDA margin of 13 per cent. Earnings before
interest and taxes (EBIT) increased to 958K EUR at the end of the first two
quarters of 2010 (1st half of 2009: 537K EUR). Compared to the same period
of the previous year, this corresponds to a 78 per cent increase and an
EBIT margin of 10 per cent for the first half of 2010.
The Group surplus for the period amounted to 948K EUR (1st half of 2009:
528K EUR), thus corresponding to diluted and undiluted earnings per share
(EPS) of 0.14 EUR (1st half of 2009: 0.08 EUR).
The volume of orders on hand remained highly positive in its development,
amounting to approximately 30M EUR as at 30th June 2010. Compared to the
volume as at 30th June 2009 (10.63M EUR), this corresponded to an increase
of 13 per cent. The volume of orders on hand, currently reaching a 7-year
high, illustrates the continuous, positive development of all IBS AG's
business units.
Liquid funds amounted to 5.86M EUR as at 30th June 2010 (30th June 2009:
5.43M EUR), representing an 8 per cent increase. Shareholder's equity rose
again, to 14.8M EUR (30th June 2009: 14M EUR), bringing the IBS AG
shareholder's equity ratio up to 66 per cent (30th June 2009: 65 per cent).
The Quarterly Report for the second quarter of 2010 will be announced on
11th August 2010 and will be available for download from the IBS homepage
(www.ibs-ag.de) from this time.
06.08.2010 07:31 Ad hoc announcement, Financial News and Press Release distributed by DGAP. Medienarchiv at |[![CDATA[|[a href="http://www.dgap-medientreff.de"|]www.dgap-medientreff.de|[/a|]]]|] and |[![CDATA[|[a href="http://www.dgap.de"|]www.dgap.de|[/a|]]]|]
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Language: English
Company: IBS AG excellence, collaboration, manufacturing
Rathausstrasse 56
56203 Hoehr-Grenzhausen
Deutschland
Phone: 02624/ 9180-424
Fax: 02624/ 9180-966
E-mail: investorrelations@ibs-ag.de
Internet: www.ibs-ag.de
ISIN: DE0006228406
WKN: 622840
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, München, Düsseldorf, Stuttgart, Hamburg
End of News DGAP News-Service
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DGAP-News: IBS AG excellence, collaboration, manufacturing: Clear Increase in Turnover and Earnings during Second Quarter of 2010
| Source: EQS Group AG