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
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