DGAP-News: Augusta Technologie AG / Key word(s): Quarter Results
Augusta Technologie AG reports strong nine-month figures - guidance at
upper end confirmed
07.11.2012 / 07:49
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AUGUSTA reports strong nine-month figures - guidance at upper end confirmed
- Sales revenues at EUR 83.8 million (+10.5 percent over prior year)
- Disproportionately high EBITDA growth to EUR 16.5 million (+22.2
percent), high EBITDA margin of 19.7 percent
- High level of orders on hand at EUR 38.1 million (prior year: EUR 29.5
million)
Munich, November 7, 2012 - The consolidated sales revenues of AUGUSTA
Technologie AG (ISIN DE000A0D6612) increased by 10.5 percent to EUR 83.8
million compared with the same period in the previous year. The gross
margin increased to 49.3 percent (previous year: 47.7 percent). This is
indicative of the strong market position of the AUGUSTA companies.
Earnings before interest, taxes, depreciation and amortization (EBITDA)
rose disproportionately to sales revenues, by 22.2 percent to EUR 16.5
million. Thus, the EBITDA margin went up to 19.7 percent, 1.8 percentage
points more than the prior year.
The net income for the period from continued operations (Vision, other
divisions) increased 49.4 percent to EUR 8.8 million, resulting in earnings
per share of EUR 1.14.
As at the end of September 2012, incoming orders amounted to EUR 83.3
million, 14.9 percent more than in the prior year. Orders on hand reached a
remarkable EUR 38.1 million.
Owing to the unscheduled repayment of bank liabilities to the tune of EUR
10.3 million, cash and cash equivalents fell by some EUR 9.1 million to EUR
56.7 million compared to the prior year. At EUR 25.8 million, Working
Capital rose by about EUR 5.2 million compared to the end of the year. 'In
the current market situation, we see short-term supply security as a
decisive competitive advantage,' said board member Berth Hausmann. In view
of the successful past nine months and the well-filled order book, AUGUSTA
confirmed that it expects to reach its stated annual forecast at the upper
end and anticipates consolidated sales revenues of between EUR 104 and 110
million and an EBITDA of between EUR 19 and 20 million.
Public takeover bid by TKH Group N.V.
The offer for the AUGUSTA shares offered up to expiration of the acceptance
period was completed on July 2, 2012. Up until this point, TKH had been
offered 4,690,092 shares, which corresponds to a percentage share totaling
53.94 percent relative to the share capital of AUGUSTA AG or 59.73 percent
relative to the reduced share capital of AUGUSTA AG with voting rights,
with reference to Section 71 b of the German Companies Act (AktG).
Since July 1, 2012, the consolidated figures of the AUGUSTA Group have been
included in the consolidated financial statements of the TKH Group N.V.
There are no other business relationships with companies of the TKH Group.
Overview of figures as at September 30, 2012
<pre>
In EUR million 9M 2011 9M 2012 Change
Sales revenues
Group 75.79 83.78 +10.5%
Vision 47.93 54.19 +13.1%
Other divisions 27.87 29.59 +6.2%
EBITDA
Group 13.49 16.48 +22.2%
Vision 13.53 16.46 +21.7%
Other divisions 2.83 3.12 +10.4%
Indicators
Incoming orders 72.48 83.26 +14.9%
Orders on hand 29.49 38.10 +29.2%
Net profit (continuing operations) 5.86 8.76 +49.4%
Earnings per share in EUR 0.77 1.14 +48.1%
(continuing operations)
</pre>
Overview of Q3/2012 figures
<pre>
In EUR million Q3 2011 Q3 2012 Change
Sales revenues
Group 26.66 29.58 +11.0%
Vision 16.09 19.24 +19.6%
Other divisions 10.57 10.34 -2.2%
EBITDA
Group 5.25 6.52 +24.2%
Vision 4.18 5.79 +38.5%
Other divisions 1.44 1.49 +3.5%
</pre>
ISIN: DE000A0D6612
Price listings: Deutsche Börse AG's Prime Standard
AUGUSTA Technologie AG
Dr. Falco Federmann
Investor Relations & Corporate Communications
Willy-Brandt-Platz 3, D-81829 Munich
Tel: +49 - (0)89 - 43 57 155 - 17
Fax: +49 - (0)89 - 43 57 155 - 57
E-mail: investor-relations@augusta-ag.com
The Company
AUGUSTA Technologie AG is an integrated technology company with a focus on
niche markets in digital image processing and optical sensors.
Through its core Vision Technology segment, the company supplies digital
cameras and optical sensor systems for enhancing quality, safety and
efficiency. It develops and produces both standard products and
customer-specific systems for a broad range of uses in a number of sectors,
including manufacturing, medical technology, multimedia, transport and
security technology. In its other divisions, AUGUSTA develops and sells
products for the power electronics and mobile measuring technology
segments. AUGUSTA is characterized by an international presence and
excellent customer service.
AUGUSTA generated consolidated sales revenues of EUR 101.3 million and
earnings before interest, taxes, depreciation and amortization (EBITDA) of
EUR 17.9 million in the 2011 fiscal year.
End of Corporate News
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Language: English
Company: Augusta Technologie AG
Willy-Brandt-Platz 3
81829 München
Germany
Phone: +49-(0)89-4357155-25
Fax: +49-(0)89-4357155-65
E-mail: charlotte.kiehne@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 News DGAP News-Service
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191871 07.11.2012
DGAP-News: Augusta Technologie AG reports strong nine-month figures - guidance at upper end confirmed
| Source: EQS Group AG