Data Modul AG

EANS-News: Data Modul AG
Two-Digit Growth Figures For Q1 2011

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quarterly report

München (euro adhoc) - • EBIT: 2.1 million euros;+ 40% • Revenue: 34.5 million euros; + 22.3% • Order entry: 41.5 million euros; + 40.7%

Munich-based Data Modul AG, the European market leader in the field of display technology, was back on the road to success in the 2010 financial year and continuing on that path in the first quarter of 2011.

Revenue in the first quarter of the current financial year increased by 22.3% to 34.5 million euros (2010: 28.2 million euros). Broken down into business segments, the Displays segment generated revenues of 21.7 million euros (2010: 16.8 million euros), whereas the Systems segment saw revenues of 12.8 million euros (2010: 11.4 million euros). In the first quarter of the current financial year, order entry increased by 40.7% to 41.5 million euros (2010: 29.5 million euros). Order backlog totaled 74.9 million euros (2010: 65.1 million euros). In the first three months of 2011, the export ratio came to 33.1% (2010: 30.7%). In the first quarter of 2011, EBIT increased by 40.0% to 2.1 million euros (2010: 1.5 million euros). The net income for the year in the same period totaled 1.4 million euros (2010: 0.9 million euros) translating into earnings per share of 0.39 euros in the first three months of 2011 compared to 0.30 euros during the same period of 2010. It should be noted that the number of shares increased by 10% in May 2010. Due to a change in our internal organizational structure, the composition and designation of the reportable segments have changed as well. Thus, our business is now divided into two business segments, Displays and Systems, and the respective information from earlier reporting periods has been adjusted accordingly.

Data Modul AG's key corporate results according to IFRS

|                              |Jan. - March  |Jan. - March  |Change      |
|                              |2011          |2010          |            |
|Total revenue (in million     |34.5          |28.2          |+ 22.3%     |
|euros)                        |              |              |            |
| - Displays (million euros)   |21.7          |16.8          |+ 29.2%     |
| - Systems (million euros)    |12.8          |11.4          |+ 12.3%     |
|Order entry (million euros)   |41.5          |29.5          |+ 40.7%     |
|Order backlog (million euros) |74.9          |65.1          |+ 15.1%     |
|EBIT (million euros)          |2.1           |1.5           |+ 40.0%     |
|Earnings per share (euros)    |0.39          |0.30          |+ 30.0 %    |
|Net income for the year       |1.4           |0.9           |+ 55.6%     |
|(million euros)               |              |              |            |
|Capital investment (million   |0.4           |0.2           |+ 50.0%     |
|euros)                        |              |              |            |
|Employees                     |289           |270           |+ 7.0%      | 

As long as nothing unexpected happens, we expect a marked revenue growth and positive earnings for Data Modul in 2011. In that, we are benefiting from the economic upturn in Europe and the USA, our most important markets, as well as from further integration of our affiliate company Conrac. We will continue to focus on the development of customized systems and solutions for our customers. At the same time, we have been targeting less volatile markets that offer higher and - particularly important - sustainable profitability.

The Executive Board Munich, May 9, 2011 -----------------------

Presse Release

end of announcement                               euro adhoc
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Contact:

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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