12.08.2016 Viscom AG  DE0007846867

DGAP-News: Viscom AG sets another historic record in revenue and incoming orders in the first half. Management confirms forecast for 2016.


 
DGAP-News: Viscom AG / Key word(s): Half Year Results Viscom AG sets another historic record in revenue and incoming orders in the first half. Management confirms forecast for 2016. 12.08.2016 / 07:50 The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Viscom AG sets another historic record in revenue and incoming orders in the first half. Management confirms forecast for 2016. - Incoming orders: EUR 38,290 thousand (previous year: EUR 31,815 thousand, +20.4 %) - Revenue: EUR 31,209 thousand (previous year: EUR 30,061 thousand, +3.8 %) - EBIT: EUR 2,001 thousand (previous year: EUR 3,054 thousand, -34.5 %) - EBIT-Margin: 6.4 % (previous year: 10.2 %) Hanover, 12 August 2016 - Viscom AG (ISIN DE0007846867), the European market leader for automated optical inspection systems for the electronics industry, can look back on a positive first half of 2016. At EUR 38,290 thousand, incoming orders in the first six months were up approximately 20.4 % on the previous year's already excellent figure. Revenue of EUR 31,209 thousand was also up around 3.8 % year on year on a cumulated basis (previous year: EUR 30,061 thousand). Viscom was able to set historic records with these figures once again, demonstrating that the company was justified in further increasing its number of employees by 19 between 30 June 2015 and 30 June 2016. As a result of these investments in the future for continued growth over the next few years and salary increases during the course of the year, personnel costs were higher compared to the previous year. In addition, other operating income decreased primarily due to lower currency effects. As a result, EBIT was accordingly 34.5 % lower year-on-year at EUR 2,001 thousand (previous year: EUR 3,054 thousand). At 6.4 %, the EBIT-Margin was subsequently below the previous year's 10.2 %. Net profit for the period declined from EUR 1,613 thousand in the previous year to EUR 681 thousand. The effects in operating profit also had a significant impact on net profit for the period. In addition, individual tax matters and payments for the previous years had a negative impact on the tax burden and net profit for the period. Comprising some 66 % of revenue, Europe was by far Viscom Group's strongest region and generated revenue of EUR 20,545 thousand in the first half of 2016 (previous year: EUR 18,171 thousand). The increased processing of orders primarily affected the segment Europe and led to a revenue increase of around 13 % compared to the previous year. Revenue in Germany amounted to EUR 8,263 thousand (previous year: EUR 7,938 thousand). Segment results in Europe amounted to EUR 1,627 thousand (previous year: EUR 1,787 thousand), which corresponds to a margin of 7.9 % (previous year: 9.8 %). The increase in personnel costs was largely responsible for this decline. At a highly positive EUR 23,818 thousand, incoming orders were well above the previous year (previous year: EUR 19,615 thousand). In the Americas region, strong incoming orders in the second quarter were able to more than offset the weaker first quarter. It was not possible to realise the revenue in the same period, however. Overall, segment results were positive in the first half of the year, but were lower than expected. At EUR 3,859 thousand, revenue was down by approximately 37 % year on year (previous year: EUR 6,167 thousand). The segment result in this region of EUR 72 thousand was subsequently below the previous year (previous year: EUR 621 thousand). The margin amounted to 1.9 % (previous year: 10.1 %). At EUR 6,525 thousand, incoming orders were up around 23 % year on year (previous year: EUR 5,313 thousand). Despite a weaker market situation in the first half of 2016 compared to the previous year's period, the Asia region was able to win new customers in the EMS segment (Electronic Manufacturing Services), especially for the 7056 series AXI product line. The revenue and earnings contribution in the Service business was lower than expected, also due to weaker demand from the Mobile Devices segment. The automotive business on the other hand recovered in the second quarter and resulted in good order backlog and revenue for the Asia region towards the end of the first half of 2016. At EUR 6,805 thousand, Group revenue in this region was well above the previous year's figure (previous year: EUR 5,723 thousand), which corresponds to an increase of approximately 19 %. Segment results in this region amounted to EUR 295 thousand (previous year: EUR 969 thousand) and the margin was 4.3 % (previous year: 16.9 %). This decline was due to the structure of revenue and in particular the weaker Service business. Incoming orders amounting to EUR 7.947 thousand were up around 15 % year on year (previous year: EUR 6,887 thousand). What is the outlook for the Viscom Group for the second half of 2016? An order backlog of EUR 18,897 thousand is still on the books as of 30 June 2016 and must be completed over the next few months. There is no sign of a weakening in demand for inspection systems, rather the company is benefiting from customers' constantly growing interest in 3D inspection. In 3D-AOI the Group was able to achieve various benchmarks and win over new and existing customers, also in direct comparison with the competitors. The Hanover-based mechanical engineering company was also able to further increase its global market position in 3D inspection and enhance its degree of recognition. Owing to the constant miniaturisation and related reduction in size of circuit boards, more and more medium-sized companies are also turning to the company's in-line X-ray products. In addition, the need for power electronics at companies that cater for areas such as energy production, energy storage electronics and e-mobility is likewise ensuring a positive order situation in the present and the future. As a result, the management of Viscom AG reiterates its forecast for the 2016 financial year with revenue between EUR 70 million and EUR 75 million and an EBIT-Margin of 13 % to 15 %. The Interim Report as of 30 June 2016 is available now on the company website www.viscom.com/europe under Investor Relations. KEY FIGURES

Consolidated income statement          01.01.-30.06.2016  01.01.-30.06.2015
Revenue                          KEUR             31,209             30,061
EBIT                             KEUR              2,001              3,054
EBIT-Margin                         %                6.4               10.2
Net profit for the period        KEUR                681              1,613
Earnings per share                EUR               0.08               0.18
Employees at end of period                           372                353



Consolidated balance sheet                    30.06.2016         31.12.2015
Assets
Current assets                   KEUR             46,684             53,203
Non-current assets               KEUR             10,140              9,927
Total assets                     KEUR             56,824             63,130
Liabilities
Current liabilities              KEUR              9,246             12,539
Non-current liabilities          KEUR              1,941              1,934
Equity                           KEUR             45,637             48,657
Total capital                    KEUR             56,824             63,130
Equity ratio                        %               80.3               77.1
Consolidated cash flow                 01.01.-30.06.2016  01.01.-30.06.2015
statement
Cash flow from operating         KEUR             -3,588               -931
activities
Cash flow from investing         KEUR               -991             -1,154
activities
Cash flow from financing         KEUR             -3,554             -8,885
activities
Cash and cash equivalents at     KEUR              3,708              6,150
the end of the period


SEGMENT INFORMATION

                                       01.01.-30.06.2016  01.01.-30.06.2015
EUROPE
Revenue                          KEUR             20,545             18,171
EBIT                             KEUR              1,627              1,787
EBIT-Margin                         %                7.9                9.8
AMERICAS
Revenue                          KEUR              3,859              6,167
EBIT                             KEUR                 72                621
EBIT-Margin                         %                1.9               10.1
ASIA
Revenue                          KEUR              6,805              5,723
EBIT                             KEUR                295                969
EBIT-Margin                         %                4.3               16.9
Consolidation differences EBIT   KEUR                  7               -323


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. Contact: Viscom AG Investor Relations Anna Borkowski Carl-Buderus-Str. 9-15 30455 Hannover Tel.: +49-511-94996-861 Fax: +49-511-94996-555 [email protected] --------------------------------------------------------------------------- 12.08.2016 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de --------------------------------------------------------------------------- Language: English Company: Viscom AG Carl-Buderus-Strasse 9-15 30455 Hannover Germany Phone: +49 (0) 511 94 996 861 Fax: +49 (0) 511 94 996 555 E-mail: [email protected] Internet: www.viscom.de ISIN: DE0007846867 WKN: 784686 Listed: Regulated Market in Frankfurt (Prime Standard), Hanover; Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange End of News DGAP News Service --------------------------------------------------------------------------- 491799 12.08.2016


Die wichtigsten Finanzdaten auf einen Blick
  2017 2018 2019 2020 2021 2022 2023e
Umsatzerlöse1 88,54 93,56 88,86 61,56 79,79 105,52 118,78
EBITDA1,2 15,90 12,92 9,02 -0,77 10,07 14,95 13,20
EBITDA-Marge3 17,96 13,81 10,15 -1,25 12,62 14,17
EBIT1,4 13,83 10,94 4,02 -5,98 4,20 8,19 6,61
EBIT-Marge5 15,62 11,69 4,52 -9,71 5,26 7,76 5,57
Jahresüberschuss1 9,07 7,81 3,10 -4,41 2,59 5,37 3,14
Netto-Marge6 10,24 8,35 3,49 -7,16 3,25 5,09 2,64
Cashflow1,7 12,75 1,23 7,30 10,26 -3,90 -1,69 6,18
Ergebnis je Aktie8 1,02 0,88 0,35 -0,50 0,29 0,60 0,34
Dividende8 0,60 0,45 0,05 0,00 0,20 0,30 0,45
Quelle: boersengefluester.de und Firmenangaben

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1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: PricewaterhouseCoopers

INVESTOR-INFORMATIONEN
©boersengefluester.de
Viscom
WKN Kurs in € Einschätzung Börsenwert in Mio. €
784686 4,900 Halten 44,20
KGV 2025e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
10,21 24,78 0,43 10,68
KBV KCV KUV EV/EBITDA
0,74 7,15 0,37 5,28
Dividende '22 in € Dividende '23e in € Div.-Rendite '23e
in %
Hauptversammlung
0,30 0,05 1,02 29.05.2024
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
22.05.2024 08.08.2024 14.11.2024 26.03.2024
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-20,69% -36,46% -38,75% -52,88%
    
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Inspektionssysteme , 784686 , V6C , XETR:V6C