15.05.2013
DATA MODUL AG DE0005498901
DGAP-News: DATA MODUL AG with moderate start in the 1st quarter of 2013 as expected
DGAP-News: DATA MODUL AG / Key word(s): Quarter Results
DATA MODUL AG with moderate start in the 1st quarter of 2013 as
expected
15.05.2013 / 16:30
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- 1st quarter of 2013 adversely affected by delayed revenues
- Revenues 33.4 million euros, - 6.7 %
- EBIT 0.4 million euros (previous year: 2.1 million euros)
- Further rise in order intake, order backlog at record level
As mentioned in the press release on February 20, 2013, DATA MODUL's first
quarter of 2013 was characterized by delays in customer call orders as a
result of the uncertain economic environment. Accordingly, revenues
declined 6.7 % to 33.4 million euros. The lack of contribution margin from
the delayed call orders and the slight decline in margins due to increased
competitive pressure resulted in a reduction in EBIT to 0.4 million euros
(previous year: 2.1 million euros). The Systems business was particularly
impacted by the delay in call orders. In recent years, the Systems business
has experienced especially strong growth in the course of DATA MODUL's
transition in the business model to a higher portion of value added through
customer-specific solutions and proprietary products. In the first quarter
of 2013, net income for the period amounted to 0.0 million euros (previous
year: 1.5 million euros).
On the positive side, order intake exceeded the very strong level of the
previous year by 1.7 % and amounted to 46.6 million euros despite the
difficult economic environment. This confirms DATA MODUL's successful
business model. Consequently, the order backlog increased 20.7 % to 94.6
million euros.This marked a new record in the Company's history.
Key Corporate Results of Data Modul AG according to IFRS
Jan.- March 2013 Jan. - March 2012 Change Net revenue (in million euros) 33.4 35.8 (6.7) % - Displays (million euros) 19.6 21.3 (8.0) % - Systems (million euros) 13.8 14.5 (4.8) % Order entry (million euros) 46.6 45.8 +1.7 % Order backlog (million euros) 94.6 78.4 +20.7 % EBIT (million euros) 0.4 2.1 (81.0) % Net income (million euros) 0.0 1.5 (100.0) % Capital expenditures 0.4 0.4 0.0 % Employees (average for year) 335 306 +9.5 % Earnings per share (euros) 0.00 0.43 (100.0) % Based on number of shares 3,394,000 3,518,602 (3,5)%DATA MODUL expects customer uncertainty to dissipate in the course of the year however the precise timing of this is difficult to foresee. On the cost side, higher upfront investments are expected in the course of the year for the relocation of production, the warehouse, and logistics from Munich to Weikersheim, and the transformation of the business model. In addition, we will forge ahead with our internationalization. This may lead to a decline in profits in 2013 in comparison to the previous year. Therefore, fiscal year 2013 - as already stated on several other occasions - is a year of transition. Through these upfront investments, DATA MODUL is paving the way for a very successful future. The Management Board Munich, May 15, 2013 End of Corporate News --------------------------------------------------------------------- 15.05.2013 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP's 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: DATA MODUL AG Landsberger Straße 322 80687 München Germany Phone: +49 (0)89 56017-105 Fax: +49 (0)89 56017-102 E-mail: [email protected] 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 --------------------------------------------------------------------- 210923 15.05.2013
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