DGAP-Adhoc: elexis AG: provisional results for the financial year 2011

elexis AG  / Key word(s): Preliminary Results

01.03.2012 08:19

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
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elexis AG / Ad-hoc announcement in accordance with § 15 of the Securities
Trading Act (WpHG) on the provisional results for the financial year 2011

* Order intake (+15.5 percent) and sales (+22 percent) up
* Earnings before interest and taxes (EBIT) meet expectations with 19.6
million euros (EBIT margin 11.7 percent)
*  Stable balance-sheet ratios, high equity and cash flow stand for
stability
* Outlook for 2012: Growth expectations curbed by economic forecasts

Wenden, 1 March 2012 - elexis AG, which is listed on the Prime Standard of
the Frankfurt Stock Exchange and is a technology leader for production
automation, drive technology and quality control, has met its target
operating results for the 2011 financial year according to provisional
calculations.

Order intake and sales
During the 2011 financial year the Group achieved a provisional order
intake of 174.0 million euros (previous year: 150.7 million euros). This
equates to growth of 15.5 percent. Based on the financial statements which
have not yet been finally audited, sales rose in the past financial year by
around 22 percent to 167.4 million euros (previous year: 136.7 million
euros). The direct export ratio was 61.1 percent (previous year: 58.2
percent) in the year under review and confirms the high international
presence of the elexis Group.

Performance of the divisions
According to provisional calculations, the High Quality Automation division
achieved an order intake of 142.9 million euros (previous year: 125.9
million euros). The division contributed 138.6 million euros to the total
sales of the elexis Group (previous year: 118.0 million euros). The High
Quality Automation division benefited from positive aspects of its
international focus and catch-up effects in the first half of 2011.

The High Precision Automation division broke new ground in international
sales. As a result of this sales offensive, the order intake rose by a
provisional 25 percent to 31.1 million euros (previous year: 24.8 million
euros). Sales rose from 18.7 million euros in the previous year to 28.9
million euros in the year under review.

Earnings position
Earnings before interest and taxes (EBIT) are in line with the figures
published on 19 May 2011. Based on the financial statements which have not
yet been finally audited, the EBIT margin in the 2011 financial year was
11.7 percent (previous year: 7.7 percent before partial depreciation of the
goodwill of HEKUMA as special or one-off effect). This equates to earnings
before interest and taxes (EBIT) of 19.6 million euros (previous year: 10.6
million euros before special or one-off effects). Consolidated net income
after the deduction of minority interests totalled 12.6 million euros as at
31 December 2011 (previous year: 2.2 million euros after special or one-off
effects). Earnings per share rose from 0.24 euros in the previous year to
1.37 euros as at the 2011 balance sheet date.

Stable financial base
The balance sheet ratios continue to represent stability. Equity
provisionally totals 79.6 million euros as at 31 December 2011 (previous
year: 69.1 million euros). This equates to an equity ratio of 53.5 percent
following 52.2 percent in the previous year. Cash flow from operating
activities totalled 10.9 million euros at the end of the past financial
year according to provisional calculations following 14.4 million euros in
the previous year.

Outlook for 2012 curbed by economic forecasts
The high level of economic uncertainty as a result of the national debt
crisis in the eurozone has overall curbed economic expectations for 2012.
The forecasts for global economic output indicate a slowdown in growth. The
Kiel Institute for the World Economy is forecasting growth of only 3.5
percent for the 2012 financial year. The elexis Group will continue to
benefit from its current technology and market leadership position in
future. However, the state of the economy will have an impact on the elexis
Group's business performance.

elexis will report on the final results for the 2011 financial year on 30
March 2012 with the publication of its Annual Report.

Shares of elexis AG are listed in the Prime Standard of the Frankfurt Stock
Exchange (ISIN: DE 000 508 500 5).


01.03.2012 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
              Industriestraße 1
              57482 Wenden
              Germany
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
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Düsseldorf, Hamburg, Stuttgart
 
End of Announcement                             DGAP News-Service
 
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