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EANS-Adhoc: Data Modul AG / Preliminary Figures for 2012 Fiscal Year - Outlook for 1st Quarter 2013
=------------------------------------------------------------------------------- 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. =-------------------------------------------------------------------------------
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 =----------------------
Press Information
end of announcement euro adhoc =-------------------------------------------------------------------------------
(END) Dow Jones Newswires
February 20, 2013 12:23 ET (17:23 GMT)- - 12 23 PM EST 02-20-13
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