AUGUSTA TECHNOLOGIE AG 
By Corporate News
AUGUSTA presents preliminary nine-month figures for 2011: Operations and strategies on course• Sale of Sensortechnics Group reaches successful conclusion
• Remaining segments secure a 39% increase in sales revenues to EUR 75.8 million
• Above-average growth in EBITDA to EUR 13.5 million (+63%)
• Guidance for 2011 confirmed taking disposal into consideration
Munich, November 3, 2011. AUGUSTA Technologies AG (ISIN DE000A0D6612) has achieved important operational and strategic progress this year. The sale of the Sensortechnics Group was an important milestone in the strategic development and focus on the Vision Technologies segment. The disposal was brought to a successful conclusion on October 27, 2011 with the receipt of the first installment of EUR
47 million. The Sensortechnics Group was deconsolidated as of
September 30, 2011, and is reported under "discontinued
operations" in the comprehensive income statement. The
"Vision" segment, which accounts for the lion's share of
revenues and earnings, and the "other divisions" are now
posted in the segment reporting. "AUGUSTA is already a
leading company in the industrial image processing segment.
Following the sale of Sensortechnics, we will focus fully on
expanding our core Vision Technology segment. The positive
effects of this focus on sales growth and margins are already
evident," says Amnon Harman, CEO of AUGUSTA Technologie
AG.
This positive development was also reflected in the
operational key figures for the period ending
September 30, 2011:
Adjusted for the Sensortechnics Group, consolidated revenue
increased to EUR 75.8 million, an increase or around 39
percent on the previous year (EUR 54.4 million). In quarterly
comparison, at EUR 26.7 million sales revenues in Q3 of 2011
were up 34 percent on the previous year (EUR 19.9 million).
The Group's EBITDA saw an above-average increase to EUR 13.5
million, up 63 percent on the previous year (EUR 8.3
million). The EBITDA margin stood at 17.9 percent thus 2.5
percentage points exceeded that of the previous year (15.3
percent). In quarterly comparison, the Q3 EBITDA increased by
57 percent to EUR 5.3 million (previous year: EUR 3.3
million).
The net income for the period from continued operations
(Vision, other divisions) increased by 79 percent to EUR 5.9
million (previous year: EUR 3.3 million), despite higher
depreciation and amortization due to acquisitions. Including
the surplus generated by the discontinued operations, the
cumulative net income for the period totaled EUR 9.5 million
(previous year: EUR 8.2 million), meaning that the cumulative
earnings per share totaled EUR 1.25 (previous year: EUR
1.08). Adjusted for the depreciation and amortization due to
acquisitions, the net income for the period would come to EUR
11.7 million,
resulting in earnings per share of EUR 1.53.
AUGUSTA Technologie AG • Willy-Brandt-Platz 3 • 81829 München • +49 - (0)89 - 4357155 - 19 • www.augusta-ag.com
Corporate News Incoming orders increased to EUR 72.5 million as of September 30, 2011, and were 19 percent above the previous year's level (EUR 61.1 million). Order book was up roughly 22 percent year-on-year at EUR29.5 million (previous year: EUR 24.3 million). "Order cycles tend to be of a short-term nature in the Vision segment, which is why we are more than satisfied with our order book. We are expecting a robust growth until at least mid 2012," says Berth Hausmann, CFO of AUGUSTA Technologies AG. Despite acquisitions, paying off debt and the dividend payment, cash and cash equivalents stood at a remarkable EUR 26.9 million as of September 30, 2011. "This does not include the inflow of funds from the sale of Sensortechnics. Our anticipated year-end liquidity of around EUR 75 million will increase our leeway for major acquisitions," adds Hausmann.
Confirmation of guidance for 2011
The Sensortechnics Group was expected to generate sales
revenues of approximately EUR 60 million and operating
earnings before interest, tax, depreciation and amortization
(EBITDA) of almost EUR 10 million in 2011. As a result of the
sale, AUGUSTA has amended its guidance for the operative
divisions in
2011 and now expects sales revenues ranging between EUR 97
and 103 million (formerly: EUR 153 and
163 million) and EBITDA of between EUR 17 and 19 million
(formerly: EUR 27 and 30 million). "Due to the positive
development of business and taking into account the sale of
Sensortechnics, we plan to maintain the increased guidance
issued in May 2011 for the entire 2011 financial year," say
Harman, commenting on the prospects.
n EUR million | 9-month 2010 | 9-month 2011 | Change |
Sales revenues | |||
Group | 54.4 | 75.8 | +39% |
Vision | 33.2 | 47.9 | +44% |
Other divisions | 21.1 | 27.9 | +32% |
EBITDA | |||
Group | 8.3 | 13.5 | +63% |
Vision | 10.9 | 13.5 | +25% |
Other divisions | 0.8 | 2.9 | +237% |
Key figures | |||
Incoming orders | 61.1 | 72.5 | +19% |
Order book | 24.3 | 29.5 |
AUGUSTA Technologie AG • Willy-Brandt-Platz 3 • 81829 München • +49 - (0)89 - 4357155 - 19 • www.augusta-ag.com
Corporate NewsNet income for the period before PPA (depreciation and amortization due to acquisitions) | 8.7 | 11.7 | +34% |
Earnings per share before PPA in euros | 1.14 | 1.53 | +34% |
EUR million | Q3 2010 | Q3 2011 | Change |
Sales revenues | |||
Group | 19.9 | 26.7 | +34% |
Vision | 12.1 | 16.1 | +33% |
Other divisions | 7.7 | 10.6 | +37% |
EBITDA | |||
Group | 3.3 | 5.3 | +57% |
Vision | 3.9 | 4.2 | +8% |
Other divisions | 0.7 | 1.4 | +95% |
Stefanie Zimmermann
Investor Relations & Corporate Communications
Willy-Brandt-Platz 3, D-81829 Munich
Tel.: +49 - (0)89 - 43 57 155 - 19
Fax: +49 - (0)89 - 43 57 155 - 59
E-mail: investor-relations@augusta-ag.com
AUGUSTA Technologie AG is an integrated technology company
with a focus on niche markets of digital image processing and
optical sensors.
The core Vision Technology segment focuses on the supply of
digital cameras and optical sensor systems for automation and
enhancing quality, safety and efficiency. It develops and
produces both standard products and customer-specific systems
for a broad range of applications in a number of sectors
including manufacturing, medical technology, multimedia,
transport and security technology. AUGUSTA stands out through
its international presence and top customer service.
For the 2011 financial year AUGUSTA expects to generate sales
revenue of between 97 and 103 million euros and earnings
before interest, tax, depreciation and amortization (EBITDA)
between 17 and 19 million euros.
AUGUSTA Technologie AG • Willy-Brandt-Platz 3 • 81829 München • +49 - (0)89 - 4357155 - 19 • www.augusta-ag.com
