euromicron AG / Key word(s): Final Results
13.03.2014 13:11
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Frankfurt/Main, March 13, 2014 - euromicron AG will fulfill the targets
specified in the adjusted guidance it issued on December 4, 2013, following
a difficult 4th quarter of 2013. On the basis of what is known at present
and the unaudited figures, the Executive Board expects consolidated sales
of just under EUR330 million (guidance: EUR320 million) and a consolidated
EBITDA of around EUR14.5 million (guidance: just under 5%).
In the core year of integration 2013, the company spend around EUR5.5 to 6
million from its operating income on investments and integration in order
to shed and restructure personnel, to reorganize its divisions and on a
raft of cost-cutting measures, and also had to cope with operational
effects from shifts in earnings due to postponements in the call-off of
deliveries and extra project costs.
The effects of these measures in terms of cash and the balance sheet will
not have any notable impact on the company's current liquidity situation
and so on financing of its development.
In view of the Group's earnings performance in 2013 and the anticipated net
loss at euromicron AG, the Executive Board intends to propose to the
General Meeting that no dividend be paid for 2013.
After a strong start to 2014, the Executive Board sees, as expected, a
cautiously positive performance for the upcoming phase of restructuring
and, as part of the Agenda 500, is aiming to grow sales to EUR340-360
million and post an EBITDA margin of around 6-8% in 2014.
The Executive Board is convinced that, following 10 years of growth and
strong earnings, the cost-intensive integration and investment measures at
the Group to enable it to grow its sales further to the goal of EUR500
million are necessary and correct to ensure shareholder value in the
long-term future.
euromicron AG (www.euromicron.de) is an all-round solution provider for
communications, transport, data and security. euromicron's network
infrastructures integrate voice, video and data transport wirelessly, via
copper cable and by means of fiber-optic technologies. euromicron builds
leading applications, such as security, control, healthcare or surveillance
systems, on the basis of these cutting-edge network infrastructures.
Founded on its expertise as a developer and producer of fiber-optic
components, euromicron AG is a strongly growing, highly profitable group
that is listed on the stock market, has a medium-sized character and
focuses on operational growth, integration and further market penetration,
internationalization and expansion.
Contact:
euromicron AG
Investor & Public Relations
Zum Laurenburger Hof 76
60594 Frankfurt/Main
Germany
Phone: +49 (0)69-631583-0
Fax: +49 (0)69-631583-17
E-mail: IR-PR@euromicron.de
http://www.euromicron.de
Securities identification number A1K030
ISIN DE000A1K0300
13.03.2014 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: euromicron AG
Zum Laurenburger Hof 76
60594 Frankfurt am Main
Germany
Phone: +49(0) 69 631583-0
Fax: +49(0) 69 631583-17
E-mail: info@euromicron.de
Internet: www.euromicron.de
ISIN: DE000A1K0300
WKN: A1K030
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, Stuttgart
End of Announcement DGAP News-Service
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DGAP-Adhoc: euromicron AG: According to the preliminary business figures that have been presented, the company will achieve its targets in the adjusted guidance it issued on December 4, 2013 - No dividend pyment envisaged for 2013
| Source: EQS Group AG