DATA MODUL able to confirm high sales level in fiscal year 2023 despite fierce cost pressure
March 22, 2024 at 03:26 am EDT
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EQS-News: DATA MODUL Aktiengesellschaft Produktion und Vertrieb von elektronischen Systemen
/ Key word(s): Annual Results
DATA MODUL able to confirm high sales level in fiscal year 2023 despite fierce cost pressure
22.03.2024 / 08:24 CET/CEST
The issuer is solely responsible for the content of this announcement.
Slight sales growth to EUR 283.2 million (2.6%)
Decline in incoming orders to EUR 253.6 million (-16.0%)
EBIT for the fiscal year reaches EUR 22.3 million (-17.9%)
Munich, 22 March 2024 - DATA MODUL closed a challenging fiscal year 2023 in a persistently difficult economic market situation with a slight increase in sales and a simultaneous decline in incoming orders. In the fourth quarter, DATA MODUL generated sales of 71.4 million euros (previous year: 71.5 million euros), which was 0.1% higher than in the same quarter of the previous year. Group sales for the full year 2023 increased by 2.6% and totalled 283.2 million euros (previous year: 276.1 million euros). The high export ratio of 54.0% (previous year: 55.5%) was largely maintained and reflects the group's strategy of internationalisation. The group's EBIT totalled, burdened by an increased cost level, EUR 5.0 million (previous year: EUR 7.2 million) in the fourth quarter and EUR 22.3 million for the fiscal year as a whole (previous year: EUR 27.1 million). The EBIT margin for the year as a whole was therefore 7.9% (previous year: 9.8%). Incoming orders in the fourth quarter totalled € 44.1 million (previous year: € 65.1 million), resulting in a total value for the 2023 fiscal year of € 253.6 million, which is 16.0% below the previous year's figure of € 301.8 million. The order backlog fell by 17.7% year-on-year to € 162.2 million (previous year: € 197.1 million) as at the reporting date.
Group key figures
In TEUR
2023
2022
Change
Turnover
283,235
276,053
2.6%
Incoming orders
253,581
301,808
-16.0%
Order backlog
162,155
197,057
-17.7%
EBIT
22,296
27,149
-17.9%
EBIT return
7.9%
9.8%
-19.4%
Net income for the year
14,487
18,367
-21.1%
Earnings per share (in EUR)
4.11
5.21
-21.1%
Investments
8,952
3,370
165.6%
Employees (annual average)
525
488
7.6%
The Executive Board and the Supervisory Board intend to propose to the Annual General Meeting the distribution of a dividend of EUR 2.00 per share for the 2023 fiscal year.
Outlook
The economic environment will lead to restrained investment activity and strict cost management among companies in 2024. Political uncertainty, geopolitical upheaval and the currently unchanged high level of interest rates are also exacerbating the negative effects on the economic environment. Assuming that the recession will not be overcome until the second half of the year, the Executive Board anticipates a slight decline in DATA MODUL group's performance for 2024 as a whole.
22.03.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - 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.
DATA MODUL AKTIENGESELLSCHAFT, PRODUKTION UND VERTRIEB VON ELEKTRONISCHEN SYSTEMEN 
