DATA MODUL AG / Half Year Results
12.08.2008
Release of a Adhoc News, 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-assembly monitors, and
complete information systems.
Due to the cessation of the business segment Multi-media at the end of
2007, and according to IFRS, the interim results have been separated
between continuing (Industry and Information systems) and discontinued
(Multi-media) segments. Because the results of the discontinued business
segment Multi-media are no longer relevant, all the following comparisons
will be made using the results of the continuing business segments.
Revenues of 34.4 million euros were achieved during the second quarter of
the current year, which is a decline of 10.1 % compared to the 38.3 million
euros achieved during the same quarter last year. This decline was due to
fewer deliveries for projects in the area of airport information systems.
Analogous to this, revenues for the half year of 68.4 million euros were
4,0 % less that last years 71.3 million euros. Order entry during the
second quarter showed an increase compared to last year, and reached 32.6
million euros in the second quarter of 2008, or 5.8 % above last years
amount of 30.8 million euros. Order entry for the first half of 2008
amounted to 69.9 million euros or 8.9 % under the very high value of 76.8
million euros from last year which was due to project orders. The order
backlog of 73.5 million euros was 4.3 % less than last years amount of
76.8 million euros. The theoretical range for revenues based on the order
backlog continues to be about six months. The export quota during the
first half of 2008 reached 37.4 % (31.2 % last year) and reflected the
planned trend to additional internationalisation of the business
activities. The earnings before interest and taxes (EBIT) according to IFRS
behaved constant in the second quarter, and, similarly to the first quarter
of the current fiscal year, achieved a quarters result of 2.1 million
euros and in the first half of this year of 4.3 million euros, compared to
6.0 million euros last year. The earnings per share for the continuing
business segments amounted to 0.92 euros (1.48 euros last year) for the
first half of 2008 and 0.47 euros in the second quarter (1.20 euros last
year), based on 3,205,620 shares. It should be noted that the results from
last year were additional positively benefited by a special tax effect that
resulted from the discontinued business segment Multi-media. The earnings
per share for the Corporation amounted to 0.47 euros in the second quarter
(0.31 euros last year), and for the first half of the year, the earnings
per share were 0.92 euros, compared to last years amount of 0.65 euros.
The equity ratio for the Corporation (according to IFRS) at the end of the
second quarter 2008 amounted to 39.9 % and 65.0 % for Data Modul AG
(according to HGB).
Key Figures for the Data Modul Corporation per IFRS<pre>
April April Cha- Jan. Jan. Cha-
June June nges June June nges
2008 2007 % 2008 2007 %
Net Sales in cont.sgmts. 34.4 38.3 -10.1 68.4 71.3 -4.0
(mio. Euro)
Net Sales Industry (mio. 26.3 26.0 +0.9 51.4 52.7 -2.5
Euro)
Net Sales Information 8.1 12.1 -32.9 17.0 18.2 -6.9
Systems (mio. Euro)
Net Sales Multi-media 0 4.0 -100 0 8.0 -100
(mio. Euro)
Order Entry cont.sgmts. 32.6 30.8 +5.8 69.9 76.8 -8.9
(mio. Euro)
EBIT cont.sgmts. (mio. 2.1 4.2 -48.5 4.3 6.0 -28.0
Euro)
PAT total (mio. Euro) 1.5 1.0 +52.2 2.9 2.1 +40.3
Employee 290 257 +12.8 290 257 +12.8
Earnings per share total 0.47 0.31 +52.2 0.92 0.65 +40.3
(in Euro)*
Earnings per share 0.47 1.20 -60.4 0.92 1.48 -38.0
cont.sgmts. (in Euro)*</pre>
*Profit after tax for the 2nd quarter or 1st half of the year / number of
shares
Even if a reliable prognosis for the entire year 2008 is not possible due
to current uncertainties, we continue to hold to our original plan and
estimate revenue for the Corporation will be around 140 to 145 million
euros, as well as an EBIT for just the continuing business segments which
will be slightly under last years amount. Because of focussing on
development, production and sales capacity in the expansion of profitably
stronger business activities as well as utilising resources in strong
growth regions, we are convinced that our mid term goals of increasing
revenues and profits will be achieved.
The Executive Board
Munich, August 12, 2008
DGAP 12.08.2008
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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: Good business development despite economic expectations
| Source: EQS Group AG