elexis AG / Key word(s): Preliminary Results 15.04.2011 14:15 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- elexis AG ad-hoc announcement in accordance with § 15 of the Securities Trading Act (WpHG) on the provisional results of the first three months of 2011 * Sharp rise in incoming orders to 49.0 million euros (+ 38 percent) * Sales of 41.3 million euros as at 31 March 2011 (previous year: 29,8 million euros; + 39 percent) * The Group has returned to its previous earning power with an EBIT margin of 14.3 percent * All divisions back on track following the financial and economic crisis Wenden, 15. April 2011 - The elexis Group, which is listed on the SDAX and specialises in factory automation, has made a successful start to 2011. In the first quarter all of the Group's divisions put the global financial and economic crisis behind them. In addition to the continued dynamic demand from the high-growth BRIC states, demand from the Group's regular customers in the USA is also picking up. Incoming orders, sales and earnings According to provisional calculations, incoming orders increased by around 38 percent and amounted to 49.0 million euros as at 31 March 2011 (previous year: 35.5 million euros). Sales amounted to 41.3 million euros following 29.8 million euros in the previous year. This equates to an increase of 39 percent. The book-to-bill ratio is 1.19. The cost savings achieved in 2009 and 2010 and the simultaneous growth in sales resulted in significant increase in earnings. The EBIT returned at 5.9 million euros (previous year: 1.6 million euros) to the Group's earning power prior to the financial and economic crisis. As at 31 March 2011 this equates to an EBIT margin 14.3 percent following 5.4 percent in the same quarter of the previous year. Development in the divisions The High Quality Automation division has already returned to the pre-crisis level in all product areas. This is shown by a clear increase in incoming orders and sales. According to provisional figures, incoming orders increased by 40 percent to 39.6 million euros (previous year: 28.2 million euros) Sales amounted as at 31 March 2011 to 33.9 million euros following 26.7 million euros in the previous year (+ 27 percent). The High Precision Automation division is expected to record an increase in incoming orders and sales and a positive contribution to earnings for the second quarter in a row. Incoming orders increased from 7.3 million euros in the previous year to 9.4 million euros as at 31 March 2011. According to provisional calculations, in the first quarter of 2011 sales more than doubled to 7.4 million euros (previous year: 3.1 million euros). In addition to demand picking up among existing customers in the USA, sales activities in China are also starting to get results. Outlook The elexis Group's products stand for expertise in industrial production. elexis components make a positive contribution towards energy efficiency, for example by ensuring a financially significant reduction in rejects. They also stand for expertise in solving issues concerning the extraction of raw materials. Not least of all, it should be emphasised that the High Precision Automation segment makes a significant contribution towards industrial productivity in the plastics-processing industry. elexis AG's strategic approach ensures wide-ranging productivity improvements as elexis's current products can be used in a large number of industries. The Group is also active with its international sales network in more than 75 countries. Product expertise and technological and market leadership are the foundations for the elexis Group's profitable growth in the future. The incoming orders in the first quarter are partly attributable to catch-up effects. The high growth rates cannot therefore necessarily be used to provide a projection for the remainder of the year. However, we are expecting a significant increase in the current financial year in incoming orders, sales and earnings power compared to the previous year. As in previous years, the Management Board will provide detailed guidance at the annual general meeting on 19 May 2011. The full interim report for the first three months of 2011 will be published on 5 May 2011. At this time the report will be available for download in German and English at www.elexis.de. Shares of elexis AG are listed in the Prime Standard of the Frankfurt Stock Exchange (ISIN: DE 000 508 500 5). Elexis AG is included in the SDAX index. 15.04.2011 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: elexis AG IndustriestraÃe 1 57482 Wenden Deutschland Phone: +49 (0)2762 612 - 130 Fax: +49 (0)2762 612 - 135 E-mail: eicke@elexis.de Internet: www.elexis.de ISIN: DE0005085005 WKN: 508500 Indices: SDAX Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------
DGAP-Adhoc: elexis AG: Preliminary Results of the first three months of 2011
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