IBS AG excellence, collaboration, manufacturing
EANS-News: IBS AG excellence, collaboration, manufacturing
IBS AG Announces
Preliminary Figures for Third Quarter of 2011
-------------------------------------------------------------------------------- Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- quarterly report Hoehr-Grenzhausen (euro adhoc) - IBS AG excellence, collaboration, manufacturing: IBS AG Announces Preliminary Figures for Third Quarter of 2011 Q3 at a glance * Turnover: 6,572K EUR (+ 29%) * EBIT: 579K EUR (+ 15%) * Volume of orders on hand: 13,846K EUR (+ 5%) * Outlook for the year: Reaffirmed Hoehr-Grenzhausen, 3rd November 2011: IBS AG, listed in the Prime Standard of the Frankfurt Stock Exchange (ISIN DE0006228406), once again succeeded in accelerating its growth rate during the third quarter of 2011, according to its preliminary figures. A Stable Growth in Turnover and a Good Volume of Orders on Hand According to preliminary calculations, the IBS Group generated sales revenue to the sum of 6,572K EUR during the third quarter of 2011 (Q3 2010: 5,078K EUR). This corresponded to an increase of 29.4 per cent. During the first nine months of the current financial year 2011, the Company achieved an increase in overall turnover of 23.9 per cent, to 18,326K EUR (previous year: 14,792K EUR). There was a positive development in the volume of orders on hand during the period under review, which is estimated at around 13,845K EUR as at 30th September 2011. This corresponds to 4.6 per cent growth, compared to the previous year's volume of 13,243K EUR. Increase in EBIT, Despite Internationalisation, Personnel and Technology Investments Preliminary calculations show that third quarter earnings before interest and taxes (EBIT) amounted to 579K EUR (Q3 2010: 502K EUR) and thus reflected an improvement of 15.3 per cent. The difference between EBIT growth and the growth in turnover was due to one-off development costs, increased advertising costs, modernisation costs and the qualification of personnel. Development costs to the sum of approximately 400K EUR were also accrued for the expansion of business in China. Furthermore, IBS AG also made investments in modernisations such as the future-oriented development of its "Location Identification System" (LIS). Personnel costs rose during the first nine months of 2011 to 9,191K EUR (same period of the previous year: 8,733K EUR). As at 30th September 2011 the IBS Group employed 209 personnel worldwide (previous year: 187 employees). EBIT rose to 1,552K EUR during the period from January to September 2011 (same period of the previous year: 1,461K EUR). Sound Liquid Funds Ensure Stable Financial Position The preliminary Group surplus for the third quarter amounted to 556K EUR, which represented a 12.1 per cent increase from the same quarter of the previous year (Q3 2010: 496K EUR). The IBS Group generated an overall period surplus of 1,468K EUR during the first nine months of the current financial year, which compared to 1,444K EUR during the same period of the previous year. Undiluted earnings per share (EPS) equated to 22 Euro cents during the period under review and thus reached the same level as that of same period of the previous year. Operative cash flow rose by 1.9 per cent to 1,777K EUR during the first nine months of 2011 (previous year: 1,735K EUR). Liquid funds amounted to 6,012K EUR as at 30th September 2011 (30th September 2010: 6,496K EUR). Shareholders' equity rose to 16,286K EUR at the end of the period under review (30th September 2010: 15,135K EUR). The shareholders' equity ratio for the Group equated to approximately 63 per cent at the end of the third quarter 2011. Liquid funds and the high volume of shareholder equity continue to secure the IBS Group a stable financial position. Outlook 2011 The pipeline of the IBS corporate group remains well-stocked. Industrial companies are investing increasingly in IT solutions, with investments largely focusing on innovative solutions for increasing productivity. Whereas the main emphasis was previously placed on classical process and quality optimizations, sociopolitical and economic considerations are now shifting the public and corporate focus increasingly towards sustainability, resource efficiency and energy-saving potentials - themes also covered and offered by IBS AG. The Company sees further growth potential in its subsidiary IBS Industrial Business Software (Shanghai), Ltd., founded during the 2011 financial year. The subsidiary is aimed at achieving a consistent development of the Chinese market. In this context, the first Chinese automotive manufacturers have started to show an interest in the IBS Automotive Software, which has established itself as an international standard. Numerous OEMs, including a number of premium vehicle manufacturers, already put their faith in IBS' software solutions. The IBS AG corporate management has reaffirmed its prognosis for the 2011 financial year anticipating a double-figure percentage growth in turnover. The Company's Third Quarter 2011 Report will be published on 9th November 2011 and will be available for download in German and English language from www.ibs-ag.de from this time. About IBS AG: IBS AG is a leading supplier of cross-company standard software systems and consulting services for industrial quality, production, traceability and compliance management. In keeping with the corporate philosophy "The Productivity Advantage", IBS AG's Best Practice solutions contribute to a sustainable boost in corporate productivity. IBS customers receive the support of a team of experienced consultants and specialists throughout each phase of the project and beyond. IBS AG, founded in 1982, today employs over 200 personnel in Europe, China and the USA. The Company is listed in the Prime Standard of the German Stock Exchange in Frankfurt/Main (ISIN DE0006228406) and is also member of the GEX-German Entrepreneurial Index. IBS AG software solutions amount to over 4,000 installations worldwide and can be found at companies such as Audi, Beam Global, BMW, BorgWarner, BOSCH, Caterpillar, Daimler, Electronic Networks, FCI Automotive, Kimberly Clark, KEIPER, Liebherr, Magna Automotive, KautexTextron, Parker Hannifin, Procter & Gamble, Rock Tenn, Porsche, Siemens, SMA Solar Technology, ThyssenKrupp and W.L. Gore. Further inquiry note: Contact Investor Relations IBS AG c/o MLC Finance GmbH Mussener Weg 7 95213 Muenchberg Ms. Susan Hoffmeister Tel.: + 49 89 898 272 27 Fax: + 49 89 895 206 22 e-mail: investorrelations@ibs-ag.de end of announcement euro adhoc -------------------------------------------------------------------------------- company: IBS AG excellence, collaboration, manufacturing Rathausstrasse 56 D-56203 Hoehr-Grenzhausen phone: +49(0)2624 9180-424 FAX: +49(0)2624 9180-966 mail: investorrelations@ibs-ag.de WWW: http://www.ibs-ag.de sector: Software ISIN: DE0006228406 indexes: CDAX stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin, Hamburg, Stuttgart, Düsseldorf, München language: English