DATA MODUL : gaining momentum after a slow start to 2018
May 08, 2018 at 01:05 am EDT
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DGAP-News: DATA MODUL Aktiengesellschaft Produktion und Vertrieb von elektronischen Systemen / Key word(s): Quarter Results
DATA MODUL gaining momentum after a slow start to 2018
08.05.2018 / 07:00
The issuer is solely responsible for the content of this announcement.
DATA MODUL gaining momentum after a slow start to 2018
- New orders up 7.5% to 69.2 million euros
- Revenue even with the previous year at 57.5 million euros
- EBIT of 4.0 million euros after negative currency effects and higher personnel expenses
- EBIT margin of 7.0% within the target corridor
Munich, May 8, 2018. DATA MODUL started out the year somewhat modestly but business accelerated in the course of the first quarter. The record first-quarter profit in 2017, which resulted from one-time items, was not reached, but revenue stabilized at the previous year's strong level in line with expectations. New orders rose handsomely as well, up 7.5% from 64.4 million euros in the previous year to 69.2 million euros. EBIT declined versus the previous year's record Q1 result on negative currency effects and higher personnel expenses, but exceeded the mark for the last three quarters at 4.0 million euros. EBIT margin was thus within the company's target range at 7.0% (previous year: 9.5%). Following an excellent book-to-bill ratio of 1.2, order backlog rose 9.2% to 118.5 million euros (previous year: 108.5 million euros).
Group Key Figures
in kEUR
Q1 2018
Q1 2017
Change
Revenue
57,487
58,039
-1.0%
Orders received
69,157
64,350
7.5%
Order backlog
118,474
108,525
9.2%
EBIT
4,003
5,507
-27.3%
EBIT margin
7.0%
9.5%
-26.3%
Net profit for the period
2,845
3,685
-22.8%
Earnings per share (in euros)
0.81
1.05
-22.9%
Outlook
Favorable economic conditions and continuing systematic execution on our strategy program make us confident that the full fiscal year will be a successful one. The momentum regained in the first quarter is expected to remain steady throughout the year, as we will be laying the groundwork for further growth through forward-looking staffing policies and by making investments in our future. In view of good order flow, the Executive Board anticipates that the company will gain further momentum to record solid results for the full year 2018.
08.05.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.
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Language:
English
Company:
DATA MODUL Aktiengesellschaft Produktion und Vertrieb von elektronischen Systemen
Landsberger Straße 322
80687 München
Germany
Phone:
+49 (0) 89 56017-105
Fax:
+49 (0) 89 56017-102
E-mail:
investor-relations@data-modul.com
Internet:
www.data-modul.com
ISIN:
DE0005498901
WKN:
549890
Listed:
Regulated Market in Frankfurt (Prime Standard), Munich; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Stuttgart, Tradegate Exchange
Data Modul AG Produktion und Vertrieb Von Elektronischen Systemen is a Germany-based provider of display technology. The Company operates through two segments: Displays and Systems. The Displays segment produces displays, electronic sub-assemblies and custom products for use in industrial applications and the automotive industry, as well as easyTouch systems, such as touch sensors and controllers. The Systems segment focuses on easyBoard, easyPanel and easyEmbedded solutions, as well as special monitors for applications in marine navigation and medical devices. easyBoards are DisplayPort/digital visual interface (DVI)/video graphics array (VGA)/video thin-film-transistor (TFT) controller boards that enable users to connect TFT displays to graphics or video interfaces. easyPanels are monitors based on a modular concept for the gaming, medical and marine industries. easyEmbedded relates to a variety of central processing unit (CPU) boards in different form factors and performance levels.