EANS-News: DATA MODUL expects excellent full year results 2011
11.11.2011 – 07:58
-------------------------------------------------------------------------------- Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- 9-month report Subtitle: Third quarter of 2011: EBIT +73.3%, Revenues +16.6% München (euro adhoc) - New products opening up new growth markets. Munich-based Data Modul AG is Europe's largest independent display technology company. 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. In the third quarter of the current financial year, revenue increased by 16.6% to 35.1 million euros (2010: 30.1 million euros). The Displays business segment generated revenues of 21.7 million euros (2010: 19.6 million euros), whereas the Systems segment saw revenues of 13.4 million euros (2010: 10.5 million euros). Total revenue in the first nine months of 2011 came to 105.0 million euros (2010: 86.6 million euros). In the first nine months of 2011, order entry increased to 112.4 million euros (2010: 98.2 million euros). Order backlog amounts to 77.0 million euros (2010: 72.4 million euros). In the first nine months of 2011, the export ratio reached 35.6% (2010: 31.9%). As a result of the positive revenue development, the EBIT, in accordance with IFRS, for the third quarter 2011 increased by 73.3% to 2.6 million euros (2010: 1.5 million euros) In the first nine months of 2011, the EBIT came to 7.5 million euros (2010: 4.6 million euros). Net income for the year for the same period is 5.2 million euros (2010: 2.8 million euros) translating into earnings per share of 1.47 euros for the first nine months of 2011 and compared to 0.79 euros during the same period of 2010. Data Modul AG's key corporate results according to IFRS | |July - |July - |Change |Jan - |Jan - |Change | | |Sept |Sept | |Sept |Sept | | |(in million |2011 |2010 | % |2011 |2010 | % | |euros) | | | | | | | |Total revenue |35.1 |30.1 |+16.6% |105.0 |86.6 |+21.2% | | Displays |21.7 |19.6 |+10.7% |65.0 |55.1 |+18.0% | | Systems |13.4 |10.5 |+27.6% |40.0 |31.5 |+27.0% | |Order entry |33.4 |36.4 |-8.2% |112.4 |98.2 |+14.5% | |Order backlog |77.0 |72.4 |+6.4% |77.0 |72.4 |+6.4% | |EBIT |2.6 |1.5 |+73.3% |7.5 |4.6 |+63.0% | |Net income |1.6 |1.0 |+60.0% |5.2 |2.8 |+85.7% | |Capital |0.3 |0.4 |-25.0% |1.2 |0.9 |+33.3% | |investment | | | | | | | |Employees |299 |272 |+9.9% |299 |272 |+9.9% | |Earnings/share |0.46 |0.28 |+64.3% |1.47 |0.79 |+86.1% | |(EUR) | | | | | | | We expect a marked growth in revenue and excellent earnings for Data Modul in 2011, benefiting from the economic upturn in Europe and the U.S.A., our most important markets, as well as from further integration of our affiliate company Conrac. Data Modul focuses increasingly on product solutions based on complete electronic subassemblies and intelligent systems, with embedded computer technology solutions and the highly integrated single board computers becoming more and more important. The Executive Board Munich, November 11, 2011 ----------------------- Press Release 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: regulated dealing/prime standard: Frankfurt, free trade: Berlin, Hamburg, Stuttgart, Düsseldorf, regulated dealing: München language: English