EANS-News: Data Modul AG: Strong revenue growth planned through 2015 - growth to be driven by expansion of Systems business
13.11.2012 – 08:31
-------------------------------------------------------------------------------- Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- Company Information/Outlook until 2015 München (euro adhoc) - At yesterday's German Equity Forum in Frankfurt, DATA MODUL presented its strategic targets until the year 2015. The group's revenue target is 180 million euros (2011: 140.9 million euros) by 2015, based exclusively on organic growth. This corresponds to an average annual growth rate of around 6% for the years to come. The EBIT yield in 2015 is expected to remain virtually stable at approximately 8% (2011: 7.2%). In addition, the targets for 2015 assume a return on equity (ROE) of 25% and free cash flows of 10 million euros. Shareholders will benefit from this favourable development through a higher distribution. The dividend is projected to exceed 1.00 euro per share by 2015. The growth expected until 2015 will be based primarily on the ever increasing demand for the customised solutions and proprietary products of DATA MODUL, which are bundled in the Systems business. The transition of the business model from distribution towards higher added value will secure sustainable strong growth in the future. Furthermore, DATA MODUL plans to further expand its international presence. The export ratio is expected to increase to around 40% by 2015. The main growth impetus is expected to stem from the USA and Northern Europe. In addition, the entry into several emerging markets such as China, Turkey, and Eastern Europe is currently being examined. Although the clear priority is organic growth, acquisitions are also part of the growth strategy. Acquisitions are given special consideration for the entry into emerging markets, but also to expand the presence in the USA. Possible acquisitions represent additional potential that is not yet considered in the current targets. DATA MODUL is excellently prepared for the expected growth. The targeted revenue can be achieved at the Weikersheim facility without any significant investment. Thanks to the extensive research and development efforts of recent years, the technological basis for future growth has already been established by investments in clean rooms, Easy-Touch technology, embedded systems, and optical bonding technology. The development in the current year already demonstrates the success of the business model's transition. Despite a challenging economic environment, DATA MODUL's order entry in the first nine months of the current year reached 119.4 million euros, a 6% increase over the previous year. This growth resulted exclusively from the Systems business (+31%) whereas the Display Segment reported a decline of 9%. The order backlog rose 9% to 83.7 million euros. This is the highest level in the company's history and provides a strong basis for expected growth in the years to come. Munich-based DATA MODUL AG is Europe's largest independent display technology company. The company has developed a unique knowledge in display technology over the course of its 40-year history. DATA MODUL's leading edge display solutions, embedded systems, and Easy-Touch technologies are used globally in electronic engineering applications and information systems requiring the highest quality standards. DATA MODUL employees around 320 staff members in 11 countries and had achieved revenues of 140.9 million euros in fiscal year 2011. The Executive Board Munich, November 13, 2012 Further inquiry note: Barbara Lederer Tel.: +49 (0)89 56017-105 E-Mail: barbara.lederer@data-modul.com end of announcement euro adhoc -------------------------------------------------------------------------------- company: Data Modul AG Landsberger Str. 322 D-80687 München phone: +49(0)89-56017-0 FAX: +49 (0)89 56017-102 mail: info@data-modul.com WWW: http://www.data-modul.com sector: Technology ISIN: DE0005498901 indexes: CDAX, Prime All Share stockmarkets: free trade: Berlin, Hamburg, Düsseldorf, Stuttgart, regulated dealing: München, regulated dealing/prime standard: Frankfurt language: English