EANS-Adhoc: Data Modul AG: Figures of the year 2009 and the 4th quarter 2009
ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement.
annual result/dividend
10.03.2010
revenues 98.3 million euros (132.6 million euros last year) EBIT 0.52 million euros in the TOTAL Data Modul group (8.0 million euros last year). earnings per share -0.65 euro (1.34 euro last year) Cost savings becoming effective Stock dividend in ratio 10:1 instead of cash dividend recommended
The Munich based company Data Modul is a leading European corporation in the area of display technology and achieved revenues of 98.3 million euros (132.6 million euros last year) in 2009. The decline of 25.8 % was felt in both business segments, but the segment of Information Systems was hit harder than the segment of Industry. Order entry, which especially declined in the first half of the year, stabilized in the third quarter and showed a slight improvement in the fourth quarter, declined in total by 18.4 % to 99.18 million euros (121.6 million euros last year). The order backlog for the total group at 12/31/2009 was at the same level as last year, or 62.7 million euros. The export quota was at 34 % (36 % last year). Following the revenue development, EBIT (earning before interest and taxes) dropped to - 0.52 million euros in the total group (8.0 million euros last year). A comprehensive cost savings program, consisting of reducing fixed costs and savings in personal and variable cost, along with a simultaneous increase in operative output, was accomplished in 2009, and will lead to significant savings in 2010. The profit after tax was a loss of 2.1 million euros (4.3 million euros last year). The earnings per share was -0.65 euro in 2009 (1.34 euro last year). The shareholders´ equity quota amounted to 50.6 % (50.2 % last year). Following the dividend policy based on results, the Executive and Supervisory Boards will recommend the Annual Shareholders´ Meeting on May 11, 2010 instead of a cash dividend a stock dividend in a ratio of 10:1 from a capital increased from retained earnings which has to be concluded by the Annual Shareholders´ Meeting. This measurement is to strengthen the liquidity reserve and build a basis to finance future investment in research and development.
Key Figures for the total group according to IFRS
|Jan. - Dec. (as of 12/31) |2009 |2008 |4th q. |3th q. | | | | |2009 |2009 | |Net Sales (in million euros) |98.3 |132.6 |26.9 |22.8 | | - Industry (in million euros) |85.5 |104.0 |23.1 |19.6 | | - Information systems (in |12.7 |28.6 |3.8 |3.2 | |million euros) | | | | | |EBIT (in million euros) |(0.52) |8.0 |0.1 |0.3 | |Order entry (in million euros) |99.18 |121.6 |26.6 |22.8 | |Order backlog (in million euros)|62.7 |62.7 |62.7 |63.1 | |Shareholders´equity ratio in % |50.6 |50.2 |50.6 |50.8 | |Employees at year end |265 |311 |265 |269 | |Earnings per share (in million |(0.65) |1.34 |(0.26) |0.07 | |Euro) | | | | | |Dividend / Stock Dividend per |Stock dividend |0.45 |- |- | |share |* |euro | | |
*To be recommended at the Annual Shareholders´ Meeting on May 11, 2010
The monthly Ifo-business-climate-index, which measures the mood of the machinery industry in Germany, declined in February the first time since ten months, because the enterprises appraise their economical situation less positive. This industry is presumed to be the driving force of the German industry and is the most important customer base for the Data Modul products. With a market recovery we expect a revenue and profit improvement in the current business year.
The Executive Board Munich, March 10, 2010
end of announcement euro adhoc
Further inquiry note:
Barbara Lederer
Tel.: +49 (0)89 56017-105
E-Mail: barbara.lederer@data-modul.com
Branche: Technology
ISIN: DE0005498901
WKN: 549890
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
München / regulated dealing