EANS-Adhoc: Data Modul AG Preliminary Figures for 2012 Fiscal Year - Outlook
for 1st Quarter 2013
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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.
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Earnings Forecast
20.02.2013
- Fiscal year 2012 within expectations
- Mid-term outlook for 2015 reconfirmed
- First Quarter of 2013 expected to be impacted by delays in call orders
Today, DATA MODUL is releasing first, unaudited figures for fiscal year 2012.
The Company is currently anticipating revenues of 140 million euros and thus at
the level of the prior year (2011: 140.9 million euros) as was expected. Order
intake continued to develop favourably in the fourth quarter of 2012 and is
presumed to reach a level for the entire year of 154 million euros, which would
be an increase of 10%. On a segmental basis, the trend of the first nine months
of the fiscal year has continued. The Systems business, which comprises DATA
MODUL's customised solutions and proprietary products, has experienced strong
growth in order intake. The Group's order backlog rose 19% over the previous
year and amounted to 81 million euros (2011: 68.4 million euros) at the end of
the year. As a result of the announced investments in expected future growth
made in the fourth quarter of 2012 and high competitive and margin pressure, the
EBIT is expected to be at a very satisfactory level but below the very high
level of the prior year.
However, since mid-December 2012, DATA MODUL has seen delays in customer call
orders due to uncertain economic conditions. This trend has continued into the
first quarter of 2013. DATA MODUL is not experiencing any order cancellations
but the revenue realisation of the order backlog is being delayed. From today's
point of view, it must be assumed that these revenue postponements cannot be
offset in the current quarter. Therefore, DATA MODUL is expecting revenues in
the first quarter of 2013 to be below the level of the comparable quarter in the
prior year. The impact will also be visible on the earnings level and will
result in a marked decline in the first quarter results of 2013.
The Company expects customer uncertainty to dissipate in the course of the
year, however the precise timing of this is difficult to foresee. As we have
already communicated: 2013 will be a year of transition for DATA MODUL and a
year which will be affected by our investment in future growth. Specifically,
this will include the transfer of production and logistics from Munich to
Weikersheim, as well as the related build-up of capacity.
Irrespective of the current development in the first quarter of 2013, we
confirm our mid-term forecasts until 2015 which DATA MODUL had presented at the
German Equity Forum in Frankfurt in November 2012.
The final results for fiscal year 2012 and the outlook for fiscal year 2013
will be presented by DATA MODUL at the balance sheet press conference on March
20, 2013.
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 2012
(previous year: 140.9 million euros).
The Executive Board
Munich, February 20, 2013
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Press Information
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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issuer: 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