Vtion Wireless Technology AG Reports Earnings Results for the Full Year 2012; Provides Earnings Guidance for 2013; Recommends Dividend
The company expects revenues and margins in the wireless data terminal business segment to experience a slight decrease in 2013 compared to 2012, primarily due to continued erosion in the wireless data card market that slightly exceeds the gains made in wireless router sales. Though the company is making steady progress in its newer business segments, wireless data terminal sales will likely continue to account for approximately 80% of the company's financial results for 2013. For the year, the company expects revenues between EUR 60 million and EUR 70 million, with an EBIT margin between 8% and 10%.
The company will recommend to the AGM that the company pay a dividend on the first business day after the 2013 AGM equivalent to 15% of the company's net profit in 2012. This corresponds to a dividend of EUR 0.055 per share and is consistent with the company's past dividend practice.