Ireland | 11 November 2014 09:00
Viscom AG / Release of an announcement according to Article 37x of the WpHG [the German Securities Trading Act] 11.11.2014 09:00 Interim report according to Article 37x of the WpHG, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Hanover, 11 November 2014 Viscom AG remained on a successful course in the third quarter of 2014 and achieved excellent results. Demand for new Viscom technologies, in particular the new XM camera technology, one of the fastest AOI camera systems on the global market, resulted in a very positive order situation for the Viscom Group. Incoming orders for the first nine months of 2014 stood at EUR 46,142 thousand, which was already 24.8 % higher than in the previous year's period (previous year: EUR 36,970 thousand) and marked a new record level in Viscom's history. As of the end of the third quarter of 2014, order backlog amounted to EUR 13,817 thousand (previous year: EUR 9,454 thousand), which is an excellent base for the rest of the financial year. The positive trend is a reflection of Viscom AG's successful business model. Revenue for the first nine months of the year was in line with Viscom AG's expectations and reached a record high of EUR 41,767 thousand (previous year: EUR 35,818 thousand). This equates to a year-on-year increase of 16.6 %, which is the highest level that Viscom AG has ever seen in the first nine months of a year. Viscom's earnings potential again increased significantly in the third quarter of 2014. The Group generated an EBIT-Margin of 17.6 % reclusively in the third quarter. Earnings before interest and taxes (EBIT) amounted to EUR 5,140 thousand (previous year: EUR 4,471 thousand) in the first nine months of the year, which equates to an accumulated EBIT-Margin of 12.3 % (previous year: 12.5 %). Net profit for the period increased from EUR 3,691 thousand to EUR 3,945 thousand. At 83.4 %, the Group's equity ratio was still at a high level at roughly 3 percentage points lower than on 31 December 2013 (86.3 %). In the first nine months of the year, Viscom Group customers once again made considerable investments in Europe, primarily in the new XM camera technology in conjunction with the automated optical inspection system S6056. In addition, a large-scale order of around EUR 4 million for the delivery of X-ray inspection systems to a contract manufacturer (EMS) in China in the first half of the year was assigned for invoicing purposes to this region, resulting in a significant year-on-year increase of 36.2 %. The inspection systems themselves are being installed in Asia. Taking into account the large order, business in the Asia region developed positively in the second half of the year. The Global Application Team that was set up in 2013, which implements customer-specific applications and conducts evaluations on site, has already yielded favourable results and supports the positive market momentum in this region. The positive trend in the Americas region continued in the third quarter of 2014, boosted by the popularity of the new XM sensor module and the 3D AOI technology. The excellent order situation opens up further growth prospects for Viscom AG. Viscom AG remains optimistic about the company's financial situation and the current market environment in 2014. Viscom aims to acquire additional global customers, particularly in the non-automotive sector. The Global Business Development Team that was established in the third quarter of 2014 serves to intensify the company's efforts in this regard. The management of Viscom AG is sticking to the published forecast for the current financial year and expects revenue of between EUR 55 million and EUR 60 million and an EBIT-Margin of 13 % to 15 %. Viscom AG Viscom AG develops, manufactures and sells high-quality automated optical and X-ray inspection systems for use in industrial electronics production and is one of the global leaders in its field. Viscom inspection systems are used in nearly all sectors of the electronics industry. Key Figures of the GroupConsolidated income statement 01.01. ‒ 01.01. ‒ 30.09.2014 30.09.2013 Revenue KEUR 41,767 35,818 EBIT KEUR 5,140 4,471 EBIT-Margin % 12.3 12.5 Net profit for the period KEUR 3,945 3,691 Earnings per share EUR 0.44 0.42 Number of employees at end of 320 297 period Consolidated balance sheet 30.09.2014 31.12.2013 Assets Current assets KEUR 51,719 62,785 Non-current assets KEUR 9,129 8,573 thereof: Financial assets KEUR 524 524 Total assets KEUR 60,848 71,358 Liabilities Current liabilities KEUR 8,564 8,319 Non-current liabilities KEUR 1,556 1,473 Shareholders' equity KEUR 50,728 61,566 Total shareholders' equity and KEUR 60,848 71,358 liabilities Equity ratio % 83.4 86.3Consolidated cash flow statement 01.01.- 01.01.- 30.09.2014 30.09.2013 Cash flow from operating activities KEUR -1,123 3,953 Cash flow from investing activities KEUR -1,546 -1,876 Cash flow from financing activities KEUR -15,105 -5,331 Changes in cash and cash equivalents due KEUR 174 -39 to changes in interest rates Cash and cash equivalents at end of period KEUR 11,685 26,721Segment InformationKey figures 01.01. ‒ 30.09.2014 01.01. ‒ 30.09.2013 Europe Revenue KEUR 27,808 20,410 EBIT KEUR 3,864 3,285 Asia Revenue KEUR 7,473 9,769 EBIT KEUR 337 601 Americas Revenue KEUR 6,486 5,639 EBIT KEUR 939 585Any forecasts, expectations or forward-looking statements included in this report may carry risks and uncertainties. We therefore cannot guarantee that these assumptions will turn out to be correct. Actual results and developments may vary significantly from the forecasts and assumptions made in this report. Factors that may lead to such deviations include changes to the general economic development and competitive position, exchange rate and interest rate fluctuations as well as amendments to national and international laws. The Company does not assume any responsibility for updating the statements contained in this report. 11.11.2014 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Viscom AG Carl-Buderus-Strasse 9-15 30455 Hannover Germany Internet: www.viscom.de End of Announcement DGAP News-Service ---------------------------------------------------------------------------