DGAP-News: Augusta Technologie AG / Key word(s): Final Results
Augusta Technologie AG: Record year in sales and profitability
06.03.2013 / 09:29
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2012 annual results for AUGUSTA Technologie AG:
Record year in sales and profitability
- 2012 growth and profit targets achieved
- Revenue growth of 8.2 percent to EUR 109.6 million
- Above-average EBITDA growth to EUR 21.0 million (+17.2 percent). EBITDA
margin at an exceptional 19.2 percent
- Strong order book
Munich, March 6, 2013. AUGUSTA Technologie AG (ISIN DE000A0D6612) has
completed an extremely successful, record-breaking fiscal year 2012. Both
segments (VISION and Other divisions) have grown. 'We exceeded our
operational targets in 2012 despite facing challenges in the economy and
the public takeover bid of TKH. Over the fiscal year, we steadily improved
our global market position by investing heavily in development, service and
sales, but still managed to achieve an above-average increase in our
operating profit relative to revenues,' explained Berth Hausmann, Chairman
of AUGUSTA Technologie AG.
Consolidated revenues in 2012 rose to EUR 109.6 million, an increase of 8.2
percent over those of the previous year (EUR 101.3 million). Revenues were
at the top end of the forecast range of EUR 100 to 110 million. EBITDA went
up 17.2 percent compared to the previous year (EUR 17.9 million) to EUR
21.0 million, exceeding the announced forecast range of EUR 16 million to
EUR 20 million. The EBITDA margin rose to an outstanding 19.2 percent
(previous year: 17.7 percent).
At EUR 115.6 million, incoming orders at the end of 2012 were significantly
up on the prior year (EUR 107.3 million). 'In the fourth quarter of 2012
our incoming orders grew again. Our book-to-bill ratio is well above 1,
which gives us confidence for 2013,' said Hausmann. Orders on hand
increased compared to the previous year (EUR 39.3 million) to EUR 43.4
million at the end of 2012.
Working capital went up slightly year-on-year to EUR 21.2 million. 'We have
built up our inventories in order to be able to ship quickly and provide
our customers with excellent service.'
Following its successful public takeover bid at the end of December 2012,
TKH Group N.V. now holds around 62 percent of the AUGUSTA Technologie AG
voting rights. 'The change in AUGUSTA's ownership structure was a major
event last year. However, AUGUSTA still reached its operational targets.'
The consolidated figures of the AUGUSTA Group have been included in the
consolidated financial statements of the TKH Group N.V. since July 1, 2012.
The 2012 annual report and guidance for 2013 will be published on March 21,
2013.
Balance Sheet as of December 31, 2012
In kEuro FY 2012 FY 2011
ASSETS
Non-current assets
Intangible assets 22,967 24,551
Goodwill 56,773 60,208
Property, plant and equipment 10,044 8,579
Non-current financial assets 0 4,750
Deferred tax assets 2,111 1,634
Other non-current assets 1,055 1,289
Total non-current assets 92,950 101,011
Current assets
Inventories 14,446 15,094
Trade account receivables 11,564 11,137
Receivables from related parties 51 110
Tax account receivables 231 1,030
Prepaid expenses and other current assets 5,961 6,015
Cash and cash equivalents 55,978 65,859
Total current assets 88,231 99,245
Total assets 181,181 200,256
In kEuro FY 2012 FY 2011
Equity and Liabilities
Equity
Share capital 8,695 8,510
Capital reserves 58,788 56,704
Earning reserves 50,000 47,000
Currency translation 7,248 7,958
Revaluation reserves 0 -136
Retained earnings 41,055 38,707
Treasury shares -13,165 -13,165
Minority interest 154 204
Total shareholders' equity 152,775 145,782
Non-current liabilities
Long-term loans, excluding current portion 1,969 11,574
Non-current post employment benefit-obligation 480 420
Other non-current provisions 133 78
Deferred tax liabilities 6,495 6,751
Other non-current liabilities 769 5,168
Total non-current liabilities 9,846 23,991
Current liabilities
Trade accounts payable 4,775 5,622
Short-term loans and current portion of long-term loans 2,374 11,597
Other current financial liabilities 65 159
Income tax provisions and liabilities 1,679 1,380
Other current provisions 5,200 4,586
Other current liabilities 4,467 7,139
Total current liabilities 18,560 30,483
Total equity and liabilities 181,181 200,256
Statement of Comprehensive Income January 1 to December 31, 2012
In kEuro FY 2012 FY 2011
Sales
Products 107,938 99,733
Services 1,686 1,581
Total 109,624 101,314
Cost of sales
Products -55,990 -54,398
Services 0 0
Total -55,990 -54,398
Gross profit 53,634 46,916
Sales and marketing expenses -18,395 -16,296
Research and development expenses -8,215 -6,270
General and administrative expenses -11,057 -10,988
Other gains and losses -3,455 -389
Profit from operations 12,512 12,973
Net income from associated companies 150 -4,373
Net interest income / expenses -516 -1,340
Foreign currency exchange gains / losses -749 -518
Other financial income and expenses 2,063 -97
Net financial costs 948 -6,328
Profit before tax 13,460 6,645
Income tax expenses -3,401 -2,054
Result from continued operations 10,059 4,591
Result from discontinued operations after tax 0 32,475
Profit for the year 10,059 37,066
Profit / loss attributable to minority interest -111 -95
Profit for the year after minority interest 9,948 36,971
Main figures as of December 31, 2012
In EUR million FY 2011 FY 2012 Change
Revenues
Group 101.3 109.6 +8.2%
Vision 62.2 70.0 +12.5%
Other divisions 39.1 39.6 +1.2%
EBITDA
Group 17.9 21.0 +17.2%
Vision 17.5 20.0 +13.9%
Other divisions 4.2 4.5 +5.8%
Consolidated profit after minorities
Group 37,0 9,9 -72.9%
Key figures
Incoming orders 107.3 115.6 +7.8%
Orders on hand 39.3 43.4 +10.5%
AUGUSTA Technologie AG
Dr. Falco Federmann
Investor Relations & Corporate Communications
Willy-Brandt-Platz 3
81829 Munich
Phone: +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 of digital image processing and optical sensors.
Through its core segment VISION, 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.
The segment Other business units combines the companies activities in the
fields of mobile measurement and power electronics.
AUGUSTA stands out through its international presence and top customer
service.
In 2012 AUGUSTA generated consolidated sales revenues of EUR 109.6 million
and earnings before interest, tax, depreciation and amortization (EBITDA)
of EUR 21.0 million.
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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203121 06.03.2013
DGAP-News: Augusta Technologie AG: Record year in sales and profitability
| Source: EQS Group AG