EANS-News: Data Modul AG: Strong revenue growth planned through 2015 - growth to
be driven by expansion of Systems business
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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
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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