Data Modul AG

EANS-News: DATA MODUL increased EBIT by 150 % in the 1st quarter 2010

The Munich based company Data Modul is the European market leader in the area of display technology.  Data Modul develops, manufactures and distributes innovative flat panel LCDs, monitors, electronic sub-assemblies, and complete information systems.

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Company Information

Subtitle: The Munich based company Data Modul is the European market leader in the area of display technology.  Data Modul develops, manufactures and distributes innovative flat panel LCDs, monitors, electronic sub-assemblies, and complete information systems.

München (euro adhoc) - In the first quarter 2010 Data Modul increased the EBIT by 150 %. This resulted both from an increase in revenues and, in particular, the impact of the reorganization program initiated in the 2009 financial year. Order entry increased by 11.7 % in the first quarter as a result of improved general economic conditions. In the first quarter of the  financial year 2010 the revenues raised by 1.1 % up to 28.2 million Euros (2009: 27.9 million Euros). The Industry segment generated revenues of 25.1 million Euros (2009: 24.2 million Euros), while the Information Systems segment generated revenues of 3.1 million Euros (2009: 3.7 million Euros). Order entry totaled 29.5 million Euros (2009: 26.4 million Euros), Order backlog amounted to 65.1 million Euros (2009: 62.1 million Euros). In the first quarter of 2010, the export quota totaled 30.7 %. As a result of the positive revenue development and the effect of the reorganization program initiated in 2009, the EBIT, in accordance with IFRS, increased by 150 % to 1.5 million Euros (2009: 0.6 million Euros) in the first quarter of 2010. The EBIT breaks down as follows: 1.8 million Euros (2009: 1.5 million Euros) from the Industry segment; -0.3 million Euros (2009: -0.9 million Euros) from the Information Systems segment. The EBT totals 1.4 million Euros (2009: 0.4 million Euros), accounting for a growth of 250 %. The annual net income totals 0.9 million Euros (2009: 0.4 million Euros), resulting in earnings per share of 0.30 Euros in the first quarter of 2010, compared to earnings per share of 0.14 Euros in the first quarter of 2009 (based on 3,205,620 shares). For the financial year 2009 Executive Board and the Supervisory Board will recommend the annual shareholders´ meeting on 11th of May 2010 a stock dividend in a ratio of 10:1 . Key Figures for the total group according to IFRS

Jan.-March 2010  Jan.-March 2009  Changes in %
Net Sales (mio. Euro)    28.2      27.9      +1.1
- Industry (mio. Euro) 25.1      24.2      +3.7
- Information systems (mio. Euro)3.1        3.7        (16.2)
Order Entry (mio. Euro) 29.5      26.4      +11.7
Order Backlog (mio. Euro) 65.1      62.1      +4.8
Cashflow from operating
activities (mio. Euro)  0.2        - 2.0    +110.0
EBIT (mio. Euro)            1.5        0.6        +150
Net income (mio. Euro)  0.9        0.4        +125
Employees                        270        305        (11.5)
Earnings per share (Euro)0.30      0.14      +114.3

For the current year we resolve to increase the results as well as the shareholder value. We have a solid financial basis (equity ratio 49.5 %), long-term funding and a clear corporate strategy. We shall continue to globalize Data Modul, consolidate markets and add interesting technologies to our portfolio. All activities mainly aim at focusing on the Industry segment. In this respect, we shall base our activities on organic growth that is funded by our strong cash flow.

The Executive Board Munich, May 10, 2010

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ots Originaltext: Data Modul AG
Im Internet recherchierbar: http://www.presseportal.ch

Further inquiry note:
Barbara Lederer
Tel.: +49 (0)89 56017-105
E-Mail: barbara.lederer@data-modul.com

Branche: Technology
ISIN:      DE0005498901
WKN:        549890
Index:    CDAX, Prime All Share
Börsen:  Frankfurt / regulated dealing/prime standard
              Berlin / free trade
              Hamburg / free trade
              Stuttgart / free trade
              Düsseldorf / free trade
              München / regulated dealing



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