Augusta Technologie AG / Key word(s): Change in Forecast/Quarter Results
05.05.2011 07:55
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
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AUGUSTA above expectations in Q1 2011; increase in sales and earnings
estimates for 2011
- Sales rise by 50% to EUR 40.4 million; EBITDA growth to EUR 6.8 million
(+52%)
- LMI Technologies acquisition to impact positively on sales and earnings
- Guidance 2011 raised: sales of EUR 153-163 million, EBITDA at EUR 27-30
million
Munich, May 5, 2011. AUGUSTA Technologie AG (ISIN DE000A0D6612) made a
successful start in the new year and set new records in the first quarter
of 2011 in terms of sales revenues, incoming orders and profitability.
Consolidated sales revenues rose to EUR 40.4 million in Q1, an increase of
around 50 percent over those of the previous year (EUR 26.9 million).
Earnings rose at an above-average rate: Consolidated EBITDA increased by 52
percent to EUR 6.8 million as compared with the previous year's level (EUR
4.5 million). The EBITDA margin of 16.9 percent is evidence of the high
level of profitability (previous year: 16.7 percent). Net profit from
continued operations rose by 68 percent to EUR 3.2 million (previous year:
EUR 1.9 million), so that earnings per share improved to EUR 0.42 (previous
year: EUR 0.25). The trend towards sustained growth was confirmed by the
level of incoming orders, the value of which amounted to EUR 40.2 million
as of March 31, 2011, up 20 percent over that of the previous year.
Guidance increased
Due to the positive development of business in the first quarter of 2011
and the acquisition of LMI Technologies, which is being consolidated as of
May 1, AUGUSTA raised the guidance it had previously announced. AUGUSTA is
now anticipating sales revenues in a range between EUR 153 and 163 million
(previously: EUR 140 to 150 million) for 2011, with EBITDA at between EUR
27 and 30 million (previously EUR 22 to 26 million).
Key performance indicators for 3-month report 2011
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In EUR million Q1 2010 Q1 2011 Change
Sales revenue
Group 26.9 40.4 +50%
Vision 9.0 16.3 +81%
Sensors 17.9 24.0 +34%
EBITDA
Group 4.5 6.8 +52%
Vision 3.0 4.8 +61%
Sensors 2.3 3.3 +44%
Key figures
Net profit from continued operations 1.9 3.2 +68%
Earnings per share in EUR 0.25 0.42 +68%
Incoming orders 33.5 40.2 +20%
Order book 45.3 55.8 +23%
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Contact:
AUGUSTA Technologie AG
Stefanie Zimmermann
Head of IR
+49-89-435715519
05.05.2011 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: Augusta Technologie AG
Willy-Brandt-Platz 3
81829 München
Deutschland
Phone: +49-(0)89-4357155-19
Fax: +49-(0)89-4357155-56
E-mail: stefanie.zimmermann@augusta-ag.com
Internet: www.augusta-ag.com
ISIN: DE000A0D6612, DE0003705992
WKN: A0D661, 370599
Indices: CDAX, PRIMEALL
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, München, Stuttgart
End of Announcement DGAP News-Service
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DGAP-Adhoc: Augusta Technologie AG:
| Source: EQS Group AG