24.03.2014
Viscom AG DE0007846867
DGAP-News: Viscom AG showed strong business development in 2013; positive outlook for 2014
DGAP-News: Viscom AG / Key word(s): Final Results
Viscom AG showed strong business development in 2013; positive outlook
for 2014
24.03.2014 / 07:30
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- Revenue of EUR 49,820 thousand on par with previous year (previous
year: EUR 50,037 thousand)
- EBIT margin of 13.6 % meets expectations
- Asia: year-on-year revenue increase of around 34 %
- Proposed dividend: EUR 1.70 per share
Hanover, 24 March 2014 - Viscom AG (ISIN DE0007846867), the European market
leader for automated optical inspection systems in the electronics
industry, was able to maintain its solid market position in the 2013
financial year.
Although 2013 proved to be extremely volatile, Viscom saw its order backlog
increase by around 14 % by the end of the year compared to the already high
level in the previous year. This was largely due to the good market
acceptance of new Viscom products such as the 3D XM camera technology.
Order backlog increased to EUR 9,442 thousand at the end of 2013 (previous
year: EUR 8,302 thousand). At EUR 50,960 thousand, incoming orders in 2013
were up 7 % year on year (previous year: EUR 47,427 thousand).
Viscom AG generated Group revenue of EUR 49,820 thousand (previous year:
EUR 50,037 thousand), which is on par with the annual guidance for the 2013
financial year, which was adjusted in November 2013.
Consolidated earnings before interest and taxes (EBIT) amounted to EUR
6,772 thousand in 2013 (previous year: EUR 9,248 thousand). At 13.6 %, the
EBIT margin matched Viscom's expectations (previous year: 18.5 %). Group
net profit for the period declined from EUR 6,638 thousand in the previous
year to EUR 4,723 thousand.
Impulses from the relocation and development of production capacity in
Eastern Europe and Asia continued in 2013. This led to a decline in segment
revenue from EUR 32,470 thousand in 2012 to EUR 29,532 thousand in 2013.
Segment results subsequently contracted some 36 % to EUR 4,989 thousand in
2013 (previous year: EUR 7,796 thousand).
The Group's strategy for the Asian market proved successful in 2013. Thanks
to a product portfolio tailored to this region, consistent and long-term
customer relationship management and the acquisition of new customers,
increasingly also outside the automotive industry, revenue in Asia
increased some 34 % from EUR 8,954 thousand in 2012 to EUR 12,031 thousand
in 2013. Segment results were up roughly 80 %, from EUR 494 thousand in
2012 to EUR 889 thousand in 2013.
North America continued to perform well in 2013. Demand from automotive
electronics producers was strong across the board with business at the end
of the year picking up at above-average levels, which was unfortunately not
able to be fully met in 2013. At EUR 8,257 thousand, revenue was down by
approximately 4 % year on year (previous year: EUR 8,613 thousand). Segment
results were marginally lower than the previous year at EUR 894 thousand
(previous year: EUR 958 thousand).
The Executive Board and Supervisory Board will propose to the Annual
General Meeting on 27 May 2014 that a dividend of EUR 1.70 per
dividend-bearing share be paid. In addition to the dividend from the
retained earnings of Viscom AG for the 2013 financial year of EUR 0.42 per
share, a special dividend of EUR 1.28 per share from retained earnings,
which were increased through withdrawals from free capital reserves of
around EUR 22.6 million, will also be paid. Part of the dividend payment in
the amount of approx. EUR 1.38 per share will be made from the tax
contribution account (section 27 KStG). Such partial amount will not be
subject to withholding tax and solidarity surcharge. After paying out the
special dividend, around EUR 11.2 million or EUR 1.25 per dividend-bearing
share will remain in the free capital reserves. This amount remains
available for potential future dividend payments and/or share buy-back
programmes.
Viscom's strategy to generate market share outside the automotive sector as
well was only recently successfully implemented with a large order from the
3C (Computer, Communication and Consumer) sector. The order volume of EUR 4
million will be reflected in revenue in 2014. In view of the good start to
the year, Viscom AG is optimistic about the current financial year. Viscom
AG's management expects revenue of between EUR 55 million and EUR 60
million and an EBIT margin of between 13 % and 15 % for the 2014 financial
year.
The Annual Report for 2013 is available now on the company website
www.viscom.com under Investor Relations.
Any forecasts, expectations or forward-looking statements included in this
report may carry risks and uncertainties. We therefore cannot guarantee
that these assumptions will turn out to be correct. Actual results and
developments may vary significantly from the forecasts and assumptions made
in this report. Factors that may lead to such deviations include changes to
the general economic development and competitive position, exchange rate
and interest rate fluctuations as well as amendments to national and
international laws. The Company does not assume any responsibility for
updating the statements contained in this report.
KEY FIGURES OF THE GROUP
2013 2012 Revenue KEUR 49,820 50,037 EBIT KEUR 6,772 9,248 EBIT margin % 13.6 18.5 Net profit for the period KEUR 4,723 6,638 Total assets KEUR 71,358 72,505 Equity ratio % 86.3 85.9 CF from operating activities KEUR 7,174 9,520 CF from investing activities KEUR -2,478 -1,594 CF from financing activities KEUR -5,331 -6,665 Cash and cash equivalents at end of period KEUR 29,285 30,014 Earnings per share EUR 0.53 0.75 Dividend per share*) EUR 1.70 0.60 Employees at year-end 300 286*)Dividend proposal EUR 1.70 per share for the 2013 financial year SEGMENT INFORMATION 2013 2012 EUROPE Revenue KEUR 29,532 32,470 EBIT KEUR 4,989 7,796 EBIT margin % 16.9 24.0 ASIA Revenue KEUR 12,031 8,954 EBIT KEUR 889 494 EBIT margin % 7.4 5.5 AMERICAS Revenue KEUR 8,257 8,613 EBIT KEUR 894 958 EBIT margin % 10.8 11.1Contact: Viscom AG Investor Relations Sandra M. Liedtke Carl-Buderus-Str. 9-15 30455 Hannover Tel.: +49-511-94996-850 Fax: +49-511-94996-555 [email protected] End of Corporate News --------------------------------------------------------------------- 24.03.2014 Dissemination of a Corporate News, transmitted by DGAP - a company of EQS Group 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: Viscom AG Carl-Buderus-Strasse 9-15 30455 Hannover Germany Phone: +49 (0) 511 94 996 850 Fax: +49 (0) 511 94 996 555 E-mail: [email protected] Internet: www.viscom.de ISIN: DE0007846867 WKN: 784686 Listed: Regulierter Markt in Frankfurt (General Standard), Hannover; Freiverkehr in Berlin, Düsseldorf, München, Stuttgart End of News DGAP News-Service --------------------------------------------------------------------- 258892 24.03.2014
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