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.
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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
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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
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DGAP-Adhoc: elexis AG: Preliminary Results of the first three months of 2011
| Source: EQS Group AG