DGAP-News: Viscom AG / Key word(s): Quarter Results/Interim Report
Viscom AG: Viscom AG gets off to a successful start to the 2015
financial year
13.05.2015 / 07:30
---------------------------------------------------------------------
Viscom AG gets off to a successful start to the 2015 financial year
- Incoming orders: EUR 15,825 thousand (previous year: EUR 15,601
thousand)
- Revenue: EUR 17,195 thousand (previous year: EUR 10,931 thousand, +57.3
%)
- EBIT: EUR 2,514 thousand (previous year: EUR 844 thousand, +197.9 %)
- EBIT-Margin: 14.6 % (previous year: 7.7 %)
Hanover, 13 May 2015 - Viscom AG (ISIN DE0007846867), the European market
leader for automated optical inspection systems for the electronics
industry, got off to an excellent start to the 2015 financial year and was
able to continue the strong performance of the previous year. The roughly
57 % year-on-year increase in revenue and the robust order intake of EUR
15.8 million are particularly noteworthy. The reported revenue represents
the best ever recorded by the Viscom Group for a first quarter.
In the first three months of the year, Viscom AG generated revenue of EUR
17,195 thousand, which is an increase of 57.3 % compared to the previous
year's level (previous year: EUR 10,931 thousand). Operating profit (EBIT)
amounted to EUR 2,514 thousand (previous year: EUR 844 thousand). This
corresponds to an EBIT-Margin of 14.6 % (previous year: 7.7 %). Net profit
for the period rose from EUR 663 thousand in the previous year to EUR 1,782
thousand.
Comprising 56.3 % of revenue, Europe was by far Viscom Group's strongest
region and generated revenue of EUR 9,674 thousand in the first quarter of
2015 (previous year: EUR 6,432 thousand). Revenue was up 50.4 % year on
year. Revenue in Germany amounted to EUR 4,650 thousand (previous year: EUR
3,028 thousand). Segment results in Europe amounted to EUR 1,507 thousand
(previous year: EUR 477 thousand), which corresponds to a margin of 15.6 %
(previous year: 7.4 %).
Following the positive financial year 2014, the first quarter of 2015 was
also characterised by strong demand in the Americas. The continued strength
of the automobile electronics market in Mexico and the industrial
electronics market in the USA in this context were particularly important.
In Viscom's view, the business environment is stable with consistent, yet
reserved growth. New customer-oriented sales approaches targeting potential
American customers operating worldwide are to form the basis for further
growth. The existing network of representatives will continue to be
expanded to gain close proximity to customers in all regions. At EUR 4,184
thousand, revenue was up by approximately 111 % year on year (previous
year: EUR 1,984 thousand). Segment results in this region were well above
the previous year at EUR 600 thousand (previous year: EUR 203 thousand).
The margin amounted to 14.3 % (previous year: 10.2 %).
In the first three months of the year, Asia was able to continue the
excellent result of the last quarter of the previous year in terms of both
revenue and earnings. The constant order intake level was largely
attributable to follow-up and upgrade orders. At EUR 3,337 thousand, Group
revenue in Asia was above the previous year's figure (previous year: EUR
2,515 thousand), which corresponds to a 32.7 % increase. Segment results in
Asia amounted to EUR 787 thousand (previous year: EUR 140 thousand) and the
margin was 23.6 % (previous year: 5.6 %).
As reported previously, Viscom set up a "Global Application Team" to
implement customer-specific applications and conduct evaluations on site, a
move that received an excellent response from the market. Following this, a
"Global Business Development Team" was established to complement the sales
structure. This team offers a close-knit structure around the world as the
point of contact for multinational companies in the electronics industry in
order to acquire selected new customers, particularly ones in the
non-automotive sector. During the year, the focus will remain on continuing
to successfully install these teams in the market.
The Group's current product portfolio and research and development projects
offer good growth prospects for the company in the 2015 financial year. The
management of Viscom AG expects to achieve the conservative forecast for
the 2015 financial year with revenue of between EUR 62 million and EUR 67
million, and an EBIT-Margin of 13 % to 15 %.
The Interim Report as of 31 March 2015 is available now on the company
website www.viscom.com under Investor Relations.
OPERATING FIGURES
<pre>
Consolidated income statement 01.01.- 01.01.-
31.03.2015 31.03.2014
Revenue KEUR 17,195 10,931
EBIT KEUR 2,514 844
EBIT-Margin % 14.6 7.7
Net profit for the period KEUR 1,782 663
Earnings per share EUR 0.20 0.07
Number of employees at end of 338 307
period
</pre>
<pre>
Consolidated balance sheet 31.03.2015 31.12.2014
Assets
Current assets KEUR 57,372 55,365
Non-current assets KEUR 9,418 9,093
Total assets KEUR 66,790 64,458
Liabilities
Current liabilities KEUR 9,132 9,264
Non-current liabilities KEUR 1,618 1,610
Shareholders' equity KEUR 56,040 53,584
Total shareholders' equity and liabilities KEUR 66,790 64,458
Equity ratio % 83.9 83.1
</pre>
<pre>
Consolidated cash flow statement 01.01.- 01.01.-
31.03.2015 31.03.2014
Cash flow from operating KEUR 2,473 -387
activities
Cash flow from investing KEUR -601 -473
activities
Cash flow from financing KEUR 0 0
activities
Cash and cash equivalents at end KEUR 19,118 28,424
of period
</pre>
SEGMENT INFORMATION
<pre>
01.01.-31.03.2015 01.01.-31.03.2014
EUROPE
Revenue KEUR 9,674 6,432
EBIT KEUR 1,507 477
EBIT-Margin % 15.6 7.4
AMERICAS
Revenue KEUR 4,184 1,984
EBIT KEUR 600 203
EBIT-Margin % 14.3 10.2
ASIA
Revenue KEUR 3,337 2,515
EBIT KEUR 787 140
EBIT-Margin % 23.6 5.6
Consolidation differences EBIT KEUR -380 24
</pre>
Any forecasts, expectations or forward-looking statements included in this
report may carry risks and uncertainties. We therefore cannot guarantee
that these assumptions will turn out to be correct. Actual results and
developments may vary significantly from the forecasts and assumptions made
in this report. Factors that may lead to such deviations include changes to
the general economic development and competitive position, exchange rate
and interest rate fluctuations as well as amendments to national and
international laws. The Company does not assume any responsibility for
updating the statements contained in this report.
Contact:
Viscom AG
Investor Relations
Anna Borkowski
Carl-Buderus-Str. 9-15
30455 Hannover
Tel.: +49-511-94996-861
Fax: +49-511-94996-555
investor.relations@viscom.de
---------------------------------------------------------------------
13.05.2015 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP 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: Viscom AG
Carl-Buderus-Strasse 9-15
30455 Hannover
Germany
Phone: +49 (0) 511 94 996 861
Fax: +49 (0) 511 94 996 555
E-mail: investor.relations@viscom.de
Internet: www.viscom.de
ISIN: DE0007846867
WKN: 784686
Listed: Regulated Market in Frankfurt (Prime Standard), Hanover;
Regulated Unofficial Market in Berlin, Dusseldorf, Munich,
Stuttgart
End of News DGAP News-Service
---------------------------------------------------------------------
356605 13.05.2015
DGAP-News: Viscom AG: Viscom AG gets off to a successful start to the 2015 financial year
| Source: EQS Group AG