VISCOM AG
DGAP-News: Viscom AG / Key word(s): Quarter Results
Viscom AG: Decisive upturn in business performance
2021-05-11 / 08:00
The issuer is solely responsible for the content of this announcement.
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Viscom AG: Decisive upturn in business performance
Incoming orders: EUR 20,741 thousand (previous year: EUR 15,928 thousand)
Order backlog: EUR 24,016 thousand (previous year: EUR 16,251 thousand)
Revenue: EUR 15,664 thousand (previous year: EUR 15,616 thousand)
EBIT: EUR -203 thousand (previous year: EUR -2,464 thousand)
Hanover, 11 May 2021 - Good business performance at Viscom AG (ISIN DE0007846867) continued in the first few months of
the 2021 financial year after a strong rally at the end of the year. Incoming orders in the first quarter of 2021 rose
by around 30.2 % year on year to EUR 20,741 thousand (previous year: EUR 15,928 thousand), creating very good production
capacities at the Hanover-based mechanical engineering company for the months ahead.
Revenue in the first quarter of 2021 was on a par with the previous year's figure at EUR 15,664 thousand (previous year:
EUR 15,616 thousand). Thanks to more efficient processes and savings, in particular in staff costs and other operating
expenses, Viscom significantly improved operating profit in the first quarter of 2021 to EUR -203 thousand compared to EUR
-2,464 thousand in the previous year.
Viscom custom designs its inspection systems to meet the needs and challenges of forward-looking industries such as
battery production, semiconductor inspection and telecommunications, in particular 5G and connected devices. In doing
so, Viscom seizes the opportunities offered by these dynamic growth markets. In the automotive and industrial
electronics markets, the 2021 product offensive will further strengthen and expand Viscom's already strong market
position. The automotive industry is facing major challenges in the form of increasing digitalisation and developments
towards e-mobility. With its products, the Viscom Group wants to help shape this progress and be a reliable partner to
its customers. Thanks to the new products in the iX series for automated X-ray inspection, Viscom is also excellently
placed to meet the requirements of these markets.
The development of incoming orders and revenue in 2021 will largely depend on the overall economic situation,
particularly in the automotive industry, and on further developments relating to the COVID-19 pandemic. Viscom
anticipates target revenue and incoming orders of between EUR 70 million and EUR 80 million in 2021. The EBIT-Margin for
the 2021 financial year is likely to be between 3 % and 9 %, with EBIT of between EUR 2.1 million and EUR 7.2 million.
The Executive Board of Viscom AG continues to work - assisted by the Supervisory Board - intensively on adapting
Viscom's business model to emerge profitably from the current situation. In addition to the strategically important
sales and product offensives in 2021 to further strengthen and expand Viscom's market position, this also explicitly
includes the reduction of staff costs by reducing working hours, not filling vacant positions and reducing costs for
travel, trade fairs, advertising, events and maintenance.
The Group Interim Report as at 31 March 2021 is now available to download in the Company/Investor Relations section of
the company's website at www.viscom.com.
OPERATING FIGURES
Consolidated statement of comprehensive income 1 Jan. to 31 Mar. 2021 1 Jan. to 31 Mar. 2020
Revenue KEUR 15,664 15,616
EBIT KEUR -203 -2,464
EBIT-Margin % -1.3 -15.8
Net profit for the period KEUR -284 -2,578
Earnings per share EUR -0.03 -0.29
Employees at end of quarter 469 487
Consolidated statement of financial position 31 Mar. 2021 31 Dec. 2020
Assets
Current assets KEUR 55,630 52,541
Non-current assets KEUR 27,487 28,060
Total assets KEUR 83,117 80,601
Equity and liabilities
Current liabilities KEUR 18,215 15,213
Non-current liabilities KEUR 11,627 12,179
Equity KEUR 53,275 53,209
Total shareholders' equity and liabilities KEUR 83,117 80,601
Equity ratio % 64.1 66.0
Consolidated statement of cash flows 1 Jan. to 31 Mar. 2021 1 Jan. to 31 Mar. 2020
Cash flow from operating activities KEUR -1,425 3,628
Cash flow from investing activities KEUR -819 -723
Cash flow from financing activities KEUR -813 -817
Cash and cash equivalents KEUR 1,354 3,160 SEGMENT INFORMATION
1 Jan. to 31 Mar. 2021 1 Jan. to 31 Mar. 2020
EUROPE
Revenue KEUR 11,320 11,783
EBIT KEUR 43 -2,180
EBIT-Margin % 0.4 -18.5
AMERICAS
Revenue KEUR 1,525 2,898
EBIT KEUR -70 191
EBIT-Margin % -4.6 6.6
ASIA
Revenue KEUR 2,819 935
EBIT KEUR -156 -335
EBIT-Margin % -5.5 -35.8
EBIT consolidation differences KEUR -20 -140 About Viscom Viscom AG develops, manufactures and sells high-quality inspection systems. Its product range covers the full range of optical inspection and X-ray inspection. The company is a leading global provider in the field of assembly inspection for electronics manufacturing. Viscom's systems can be configured for each individual customer and networked. Its headquarters and manufacturing site are in Hanover. With a large network of branches, application centres, service centres and representatives, Viscom is represented all over the world. Established in 1984, Viscom AG has been listed on the Frankfurt Stock Exchange since 2006 (ISIN DE0007846867). Further information can be found at www.viscom.com. Any forecasts, expectations or statements concerning the future included in this release may be subject to risk or uncertainty. We therefore cannot guarantee that the expectations will prove correct. Actual results and developments may differ significantly from the expectations and assumptions expressed. The factors that could cause such deviations include changes in the general economic and competitive situation, exchange rate and interest rate fluctuations and changes in national and international law. The company assumes no obligation to update the forward-looking statements in this release. 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 -----------------------------------------------------------------------------------------------------------------------
2021-05-11 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. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de -----------------------------------------------------------------------------------------------------------------------
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
EQS News ID: 1194538
End of News DGAP News Service
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May 11, 2021 02:01 ET (06:01 GMT)
