DGAP-Adhoc: Vtion Wireless Technology AG: Preliminary Revenue and EBIT Results for 2010, Outlook for 2011

 | Source: EQS Group AG EQS Group AG 

Vtion Wireless Technology AG  / Key word(s): Preliminary Results/Forecast

31.01.2011 15:25

Dissemination 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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Frankfurt, 31. January 2011. Vtion Wireless Technology AG today announces
sales revenue of Euro 101 million and EBIT of Euro 25.9 million for the
full year 2010. The company expects revenue of Euro 75 million to Euro 100
million in 2011, with an EBIT margin of between 10-12%.
 
The company is experiencing strong pricing pressure from the wireless
operators in the wireless data card business segment following the latest
round of negotiations during Chinese New Year 2011. This is due to changes
in the network operators' market development strategy, which features
greater product diversity that reduces the share of wireless data card
sales. Management expects a transition period as the company develops and
allocates resources to new products and services.

Vtion Wireless Technology AG has scheduled the release of its 2010 Annual
Report for April 21, 2011.

Disclaimer concerning prognoses
Certain statements in this communication contain formulations or terms
referring to the future or future developments, as well as negations of
such formulations or terms, or similar terminology. These are described as
forward-looking statements. In addition, all information in this
communication regarding planned or future results of business segments,
financial classification numbers, developments of the financial situation,
or other financial or statistical data contains such forward-looking
statements. The company cautions prospective investors not to rely on such
forward-looking statements as certain prognoses of actual future events and
developments. The company is neither responsible nor liable for these
forward-looking statements. It is not responsible for updating such
information, which only represents the state of affairs on the day of
publication.



For further information, please contact:

Kirchhoff Consult AG
Dr Kay Baden, tel.: +49 40 60 91 86 0, baden@kirchhoff.de
Janina Wismar, tel.: +49 40 60 91 86 50, janina.wismar@kirchhoff.de
or visit the company website at: www.vtion.de




31.01.2011 DGAP's Distribution Services include Regulatory Announcements, 
Financial/Corporate News and Press Releases. 
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language:     English
Company:      Vtion Wireless Technology AG
              Westhafen Plaza 1
              60327 Frankfurt
              Deutschland
Phone:        +49 69 710 456 245
Fax:          +49 69 710 456 248
E-mail:       ir@vtion.de;janina.wismar@kirchhoff.de
Internet:     www.vtion.de
ISIN:         DE000CHEN993
WKN:          CHEN99
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Düsseldorf, Hamburg, München, Stuttgart
 
End of Announcement                             DGAP News-Service
 
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