DATA MODUL shows strong start into 2019

- Rise in consolidated revenue by EUR 6.0 million to reach EUR 63.5 million

- EBIT of 5.1 million marks rise of 27.0% compared to first quarter of previous financial year

- Increase of order backlog by 13.9% to reach EUR 134.9 million
 

Munich, Mai 9th, 2019 - DATA MODUL had a strong start into the new financial year 2019. The rise in consolidated revenue by EUR 6.0 million, marking a total figure of EUR 63.5 million, was fostered by stable bookings stemming from last year. Bookings within the new financial year were comparatively slow. Following the overall slowdown of economies bookings increased by only 2.3% to reach EUR 70.8 million in the first quarter of 2019 compared to the high level figure of EUR 69.2 million of the first quarter of the previous year. EBIT increased in comparison to the previous first quarter, with foreign currency exchange effects underlining the good results, by 27.0% to reach EUR 5.1 million. The EBIT-margin was 8.0% (previous year 7.0%). Order backlog increased, in line with a book-to-bill ratio of 1.1, by 13.9% to mark EUR 134.9 million (previous year EUR 118.5).
 

Group figures
 

Forecast

With a view to the slowdown of economies in our major customer markets, we anticipate a slowdown of the dynamics of growth during the second quarter of 2019. Revenues and results are expected to develop side-step wise and remain relatively unchanged during the overall financial year compared to the previous financial year. On the basis of the sustainable and consequent execution of our strategy program, we nevertheless consider DATA MODUL as well prepared for the upcoming economic challenges. Considering the current booking situation the executive board expects a satisfactory overall financial year 2019 for DATA MODUL.