elexis AG / Key word(s): Quarter Results 07.05.2012 13:41 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 final results of the first three months of 2012 *Development of global economy curbing growth of the elexis Group *Incoming orders of 47.2 million euros around 3.7% below the same quarter of the previous year *Sales revenue of 40.6 million euros slightly below the previous year's level (41.3 million euros) *Earnings before interest and taxes (EBIT) total 5.1 million euros / EBIT margin 12.6% *Outlook for 2012: Stable performance expected for sales and earnings Wenden, 7 May 2012 - The elexis Group, the specialist for automated measurement and control technology, drive technology and automated handling technology, was not left unaffected by the general economic trend, although it did benefit from a balanced product portfolio with product areas with early and late cycles standing side by side on an equal footing. In addition to this, the products and components of elexis AG can be used in a range of industries and therefore even out cyclical fluctuations. Incoming orders, sales and earnings As at the end of the first quarter, incoming orders fell by 3.7% compared to the same quarter of the previous year and totalled 47.2 million euros as at 31 March 2012 following 49.0 million euros in the previous year. Sales revenue totalled 40.6 million euros as at the end of the first quarter of 2012 (previous year: 41.3 million euros). This equates to a fall in sales revenue of 1.7% compared to the same quarter of the previous year. Earnings before interest and taxes (EBIT) were 5.1 million euros in the first quarter following 5.9 million euros in the previous year. The elexis Group therefore achieved an EBIT margin of 12.6% in the period under review. In the same quarter of the previous year the EBIT margin was 14.3%. Performance of the divisions In the High Quality Automation division incoming orders were 3% below the same quarter of the previous year. Incoming orders totalled 38.5 million euros as at 31 March 2012 following 39.6 million euros in the previous year. Sales revenue benefited in the first quarter of 2012 from the open orders of 2011 and reached 34.7 million euros as at the end of the quarter following 33.9 million euros in the previous year. Earnings before interest and taxes (EBIT) were 5.4 million euros in the first three months of the current financial year following 5.7 million euros in the same quarter of the previous year. This equates to an EBIT margin of 15.6%. In the previous year the EBIT margin was 16.8%. The High Quality Automation division's profits are therefore stable even in the current mixed economic climate. As a result of the sales structures established in 2010 and 2011 and the internal restructuring in the High Precision Automation division, the cyclical fluctuations in the first quarter did not have the same impact on profitability as in previous years. Incoming orders fell from 9.4 million euros in the previous year to 8.7 million euros as at 31 March 2012. Sales revenue fell compared to the same quarter of the previous year by 20% and totalled 5.9 million euros as at the end of the first quarter (previous year: 7.4 million euros). Despite the significant fall in sales, the High Precision Automation division was able to report positive earnings before interest and taxes (EBIT) as at 31 March 2012. As at the end of the first quarter the EBIT totalled 0.2 million euros following 0.6 million euros in the previous year. This equates to an EBIT margin of 3.4%. In the previous year the EBIT margin was 8.1%. Equity and other key performance indicators The elexis Group has a solid financing structure and a high equity ratio of 56.4%. The cash flow totalled 2.2 million euros as at 31 March 2012 (previous year: minus 2.0 million euros). At the end of the first quarter the elexis Group's net liquidity totalled 19.8 million euros (31 December 2011: 24.5 million euros; 31 March 2011: 15.7 million euros). Outlook The Kiel Institute for the World Economy (IfW) confirmed its forecast for the year in March 2012. According to this, global production should grow by 3.4% in the current year and 3.9% in 2013. The general trend is therefore confirmed, although expectations of growth remain subdued. In particular the industrial nations continue to be dependent on fiscal developments and the business of emerging countries. The German Engineering Federation is expecting production to stagnate in the current financial year. With regard to the current financial year, we are cautiously optimistic about developments in our markets. Most of the emerging countries are displaying relatively solid growth despite a noticeable slowdown, limiting the risk of a global recession. The general development of the global economy will of course also be reflected in the elexis Group. However, we are well-positioned due to the international positioning of the elexis Group and the export orientation of our product portfolio. We will be able hold our own even in the current mixed economic climate. For the current financial year the Management Board expects that incoming orders, sales revenue and profits will remain stable compared to the previous year. The full interim report for the first three months of 2012 can be downloaded 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). 07.05.2012 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: elexis AG IndustriestraÃe 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 ---------------------------------------------------------------------------
DGAP-Adhoc: elexis AG: final results of the first three months of 2012
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