DATA MODUL AG / Final Results
12.03.2008
Release of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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The Munich based company Data Modul is a leading European Corporation in
the area of display technology. Data Modul develops, manufactures and
distributes innovative flat displays, electronic sub-assemblies, and
complete information systems.
The focus on the profitable business segments of Industry and Information
systems with the related decision to discontinue the segment Multi-media by
the end of 2007, was successful and led to an increase in EBIT of 23 % to
7.7 million euros (6.2 million euros last year), even though a special
charge of 3.1 million euros was incurred for the cessation of the business
segment Multi-media. In total the Company, including the discontinued
segment Multi-media, achieved revenues of 146.7 million euros (152.8
million last year) and an order entry of 147.2 million euros. The order
backlog, including the discontinued segment Multi-media reached 73.9
million euros (76.6 million euros last year). Due to positive revenue and
gross profit development in the continuing business segments, the EBIT
exceeded plan and increased by 93.8 % to 10.0 million euros (5.2 million
last year). Profit after tax in the continuing business segments reached
7.4 million euros (2.9 million euros last year). Including the
discontinued segment, the profit after tax was 5.0 million euros (4.0
million euros last year). This gives an earnings per share of 1.57 euro in
2007 (1.25 euro last year). The export quota in 2007 reached 38 % (32 %
last year). A dividend of 0.60 euro per share (0.50 euro last year) for
fiscal year 2007 will be recommmended at the Annual Shareholders Meeting
on May 7, 2008. As of 12/31/2007 the Company employed 283 individuals
compared to 263 in the prior year.
Key Figures for the Data Modul Corporation per IFRS
Jan.Dec.(as of 12/31) in total in total cont. cont.
segments segments
2007 2006 2007 2006
Net Sales (in million ) 146.6 152.8 136.1 120.3
- Industry 101.1 95.7 101.4 95.8
- Information systems 34.4 24.3 34.7 24.4
- Multi-media 11.1 32.8 - -
EBIT (in million ) 7.7 6.2 10.0 5.2
Profit after taxes(in million ) 5.0 4.0 7.4 2.9
Capital Investment(in million ) 2.9 2.2 2.9 2.2
Cashflow (in million ) 7.3 6.0 7.3 6.0
Shareholder´s equity ration % 45.2 39.1 45.2 39.1
Employees 283 263 283 248
Earnings per share(Euro) 1.57 1.25* 2.30 0.92*
Dividend per share 0.60 ** 0.50
*incl. extraordinary effect from income tax asset of 0.27 euros
**To be voted on at the Annual Shareholders Meeting on May 7, 2008
Due to freeing up capacity in development, production and sales by
discontinuing the business segment Multi-media, we anticipate a medium-term
continual revenue and profit improvement in the continuing business
segments of Industry and Information systems. The further
internationalisation of business activity represents a central element for
future growth. Also the strengthening and the expansion of innovation will
have high priority.
The Executive Board
Munich, March 12, 2008
DGAP 12.03.2008
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Language: English
Issuer: DATA MODUL AG
Landsberger Straße 322
80687 München
Deutschland
Phone: +49 (0)89 56017-105
Fax: +49 (0)89 56017-102
E-mail: barbara.lederer@data-modul.com
Internet: www.data-modul.com
ISIN: DE0005498901
WKN: 549890
Listed: Regulierter Markt in Frankfurt (Prime Standard), München;
Freiverkehr in Berlin, Düsseldorf, Hamburg, Stuttgart
End of News DGAP News-Service
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DGAP-Adhoc: DATA MODUL AG increases EBIT in 2007 by 23 % - Dividend increases to 0.60
| Source: EQS Group AG