Viscom AG sets another historic record in revenue and incoming orders in the first half. Management confirms forecast for 2016.
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DGAP-News: Viscom AG / Key word(s): Half Year Results Viscom AG sets another historic record in revenue and incoming orders in the first half. Management confirms forecast for 2016. - Incoming orders: EUR 38,290 thousand (previous year: EUR 31,815 thousand, +20.4 %) - Revenue: EUR 31,209 thousand (previous year: EUR 30,061 thousand, +3.8 %) - EBIT: EUR 2,001 thousand (previous year: EUR 3,054 thousand, -34.5 %) - EBIT-Margin: 6.4 % (previous year: 10.2 %) Hanover, 12 August 2016 - Viscom AG (ISIN DE0007846867), the European market leader for automated optical inspection systems for the electronics industry, can look back on a positive first half of 2016. At EUR 38,290 thousand, incoming orders in the first six months were up approximately 20.4 % on the previous year's already excellent figure. Revenue of EUR 31,209 thousand was also up around 3.8 % year on year on a cumulated basis (previous year: EUR 30,061 thousand). Viscom was able to set historic records with these figures once again, demonstrating that the company was justified in further increasing its number of employees by 19 between 30 June 2015 and 30 June 2016. As a result of these investments in the future for continued growth over the next few years and salary increases during the course of the year, personnel costs were higher compared to the previous year. In addition, other operating income decreased primarily due to lower currency effects. As a result, EBIT was accordingly 34.5 % lower year-on-year at EUR 2,001 thousand (previous year: EUR 3,054 thousand). At 6.4 %, the EBIT-Margin was subsequently below the previous year's 10.2 %. Net profit for the period declined from EUR 1,613 thousand in the previous year to EUR 681 thousand. The effects in operating profit also had a significant impact on net profit for the period. In addition, individual tax matters and payments for the previous years had a negative impact on the tax burden and net profit for the period. Comprising some 66 % of revenue, Europe was by far Viscom Group's strongest region and generated revenue of EUR 20,545 thousand in the first half of 2016 (previous year: EUR 18,171 thousand). The increased processing of orders primarily affected the segment Europe and led to a revenue increase of around 13 % compared to the previous year. Revenue in Germany amounted to EUR 8,263 thousand (previous year: EUR 7,938 thousand). Segment results in Europe amounted to EUR 1,627 thousand (previous year: EUR 1,787 thousand), which corresponds to a margin of 7.9 % (previous year: 9.8 %). The increase in personnel costs was largely responsible for this decline. At a highly positive EUR 23,818 thousand, incoming orders were well above the previous year (previous year: EUR 19,615 thousand). In the Americas region, strong incoming orders in the second quarter were able to more than offset the weaker first quarter. It was not possible to realise the revenue in the same period, however. Overall, segment results were positive in the first half of the year, but were lower than expected. Despite a weaker market situation in the first half of 2016 compared to the previous year's period, the Asia region was able to win new customers in the EMS segment (Electronic Manufacturing Services), especially for the 7056 series AXI product line. The revenue and earnings contribution in the Service business was lower than expected, also due to weaker demand from the Mobile Devices segment. The automotive business on the other hand recovered in the second quarter and resulted in good order backlog and revenue for the Asia region towards the end of the first half of 2016. At EUR 6,805 thousand, Group revenue in this region was well above the previous year's figure (previous year: EUR 5,723 thousand), which corresponds to an increase of approximately 19 %. Segment results in this region amounted to EUR 295 thousand (previous year: EUR 969 thousand) and the margin was 4.3 % (previous year: 16.9 %). This decline was due to the structure of revenue and in particular the weaker Service business. Incoming orders amounting to EUR 7.947 thousand were up around 15 % year on year (previous year: EUR 6,887 thousand). What is the outlook for the Viscom Group for the second half of 2016? An order backlog of EUR 18,897 thousand is still on the books as of 30 June 2016 and must be completed over the next few months. There is no sign of a weakening in demand for inspection systems, rather the company is benefiting from customers' constantly growing interest in 3D inspection. In 3D-AOI the Group was able to achieve various benchmarks and win over new and existing customers, also in direct comparison with the competitors. The Hanover-based mechanical engineering company was also able to further increase its global market position in 3D inspection and enhance its degree of recognition. Owing to the constant miniaturisation and related reduction in size of circuit boards, more and more medium-sized companies are also turning to the company's in-line X-ray products. In addition, the need for power electronics at companies that cater for areas such as energy production, energy storage electronics and e-mobility is likewise ensuring a positive order situation in the present and the future. As a result, the management of Viscom AG reiterates its forecast for the 2016 financial year with revenue between EUR 70 million and EUR 75 million and an EBIT-Margin of 13 % to 15 %. The Interim Report as of 30 June 2016 is available now on the company website www.viscom.com/europe under Investor Relations. KEY FIGURES
SEGMENT INFORMATION
Any 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. Contact: Viscom AG Investor Relations Anna Borkowski Carl-Buderus-Str. 9-15 30455 Hannover Tel.: +49-511-94996-861 Fax: +49-511-94996-555 investor.relations@viscom.de
2016-08-12 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
| Language: | English | |
| Company: | Viscom AG | |
| Carl-Buderus-Strasse 9-15 | ||
| 30455 Hannover | ||
| Germany | ||
| Phone: | +49 (0) 511 94 996 861 | |
| Fax: | +49 (0) 511 94 996 555 | |
| E-mail: | investor.relations@viscom.de | |
| Internet: | www.viscom.de | |
| ISIN: | DE0007846867 | |
| WKN: | 784686 | |
| Listed: | Regulated Market in Frankfurt (Prime Standard), Hanover; Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange | |
| End of News | DGAP News Service |