DATA MODUL AG / Quarter Results/Change of Personnel
28.04.2009
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 the European market leader in the
area of display technology. Data Modul develops, manufactures and
distributes innovative flat displays, monitors, electronic sub-assemblies,
and complete information systems.
Business development for Data Modul AG during the first quarter was
affected by the total economic situation. We experienced a significant
decline in business results compared to the first quarter of last year.
However, it is positive to report that the order entry increased by 24.5 %
when compared to the fourth quarter of 2008. Revenues were 27.9 million
euros in the first quarter of the current year 2009, and therefore 17.8 %
less that last year's amount of 34.0 million euros. Order entry showed a
decline of 29.3 %, from 37.3 million euros in last year's first quarter, to
26.4 million euros. As of March 31, the order backlog declined from 75.3
million euros last year, to 62.1 million euros this year. The export quota
amounted to 36.1 % in the first quarter of 2009 (39.2 % last year) which is
a result of the volatile movements in individual markets. As a result of
the revenue decline, EBIT (earnings before interest and taxes) according to
IFRS, decreased in the first quarter by 72.2 %, from 2.2 million euros last
year to 0.6 million euros in the first quarter of 2009. The equity ratio
for the Corporation (according to IFRS) at the end of the first quarter
2009 amounted to 50.0 % (45.0 % last year) and 75.3 % (72.3 % last year)for
Data Modul AG (according to HGB). The Corporation is financially solid,
and is thereby quite well positioned to be able to withstand a longer
crisis situation.
A cash dividend of 0.45 euros per share (0.60 euros last year) will be
recommended at the Annual Shareholders' Meeting on April 29, 2009.
Key Figures for the Data Modul Corporation per IFRS<pre>
Jan. - Jan. - Changes
March 2009 March 2008 in %
Net Sales total (in million euros) 27.9 34.0 - 17.8
Net Sales - Industry (in million euros) 24.2 25.1 - 3.7
Net Sales -Infosystems (in million euros) 3.7 8.8 - 57.8
Order entry (in million euros) 26.4 37.3 - 29.3
Order backlog (in million euros) 62.1 75.3 - 17.5
EBIT (in million euros) 0.6 2.2 - 72.2
Employees 305 290 + 5.2
Earnings per share (euro) 0.14 0.44 - 68.9</pre>
In general today because of the continuing recession, we see for the entire
year 2009 a stronger revenue decline than previously expected.
Comprehensive cost savings activities are already in place or are ready to
be implemented. These will lead to a partial compensation in the profits,
but will not prohibit a declining profit result. The increase in order
entry of 24.5 % in the first quarter of 2009 compared to the fourth quarter
of last year is noted as relatively positive. The current market situation
provides chances, as well, to reposition ourselves to competition and gain
market share. We shall use this chance. Our solid financial basis
provides the fundament to act even in difficult times.
The Executive Board
Munich, April 28, 2009
DGAP 28.04.2009
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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: Results of the 1st quarter 2009 affected by current economical environment
| Source: EQS Group AG