Alle Storys
Folgen
Keine Story von Höft & Wessel AG mehr verpassen.

Höft & Wessel AG

EANS-News: Hoeft & Wessel AG boosts sales revenues in the second quarter of 2010

Hanover/Germany, 05/08/2010. (euro adhoc) -

Order books well filled
  Corporate news transmitted by euro adhoc. The issuer/originator is solely
  responsible for the content of this announcement.
quarterly report
Subtitle: Order books well filled
High operating cash flow
During the second quarter of 2010, the Hoeft & Wessel Group generated
EUR 23.2 million in sales revenues. Compared with the same period of 
the previous year, this represents a slight increase of 2.5 per cent 
(2009 Q2: EUR 22.6 million), and a marked increase by 46 per cent 
over the first quarter of this year (2010 Q1: EUR 15.9 million). This
confirms the upward trend in business anticipated by the Hoeft & 
Wessel AG for 2010, with sales revenues increasing sequentially from 
quarter to quarter. For 2010 as a whole, the German IT and 
engineering Group for ticketing, parking and mobile solutions 
forecasts a slight increase in both sales revenues and earnings.
The sales revenues of EUR 39.1 million for the first half of 2010 
were still down by 17 per cent compared with the previous year 
(30/06/2009: EUR 47.1 million); it must be noted that exceptionally 
high sales revenues were recorded at the beginning of 2009.
The business activities of the Hoeft & Wessel Group during the first 
half of the year 2010 were characterised by the start of delivery of 
ticket vending machines to S-Bahn Berlin, the completion of the 
installation of 1,000 parking terminals in the U.S. city of 
Philadelphia, and the delivery of mobile terminals to Netto 
Marken-Discount, Rewe and Lekkerland.
Operating result (EBIT) for the first six months of the year 2010 
turned out negative at EUR -0.9 million (2009: EUR 1.6 million). 
Temporary currency effects in the amount of EUR 1.1 million, largely 
resulting from hedging transactions, had a negative impact on the 
half-year result. Handling of the hedged foreign orders results in 
contrary effects; as a result the transactions are thus executed at 
the hedged rates.
Operating cash flow of EUR 3.8 million for the first half of 2010 
represents a significant increase (previous year: EUR -1.6 million).
Order intakes continued to be very positive in the second quarter. In
the first six months, orders with a total volume of EUR 48.1 million 
were added to the books. This is an increase of 9 per cent 
year-on-year (30/06/2009: EUR 44.0 million). Orders received included
those for e-ticketing systems in Germany and Spain, for parking 
machines on the Isle of Wight in the UK, and for a new mobile 
terminal in PDA form.
The order portfolio grew to EUR 83.4 million as at 30/06/2010 
(31/12/2009: EUR 74.4 million).
"Our order books are well filled, and we plan to continue our 
expansion on the international markets," said Hansjoachim Oehmen, CEO
of the Hoeft & Wessel Group, reviewing the positive business trend.
Key Financials Hoeft & Wessel Group
in EUR thousands          30/06/10   30/06/09   30/06/08   30/06/07  
30/06/06 ------------------------------------------------------------
Sales revenues              39,124     47,104     42,502     42,536     38,795
EBITDA                       1,589      3,833      3,216      2,653      2,471
Operating result (EBIT)      (863)      1,569        941        312         89
   in % of sales revenues        -        3.3        2.2        0.7        0.2
Earnings before taxes (EBT)(1,315)      1,108        231      (347)      (222)
   in % of sales revenues        -        2.4        0.6          -          -
Group earnings             (1,544)        741        174      (511)       (90)
Earnings per share (in EUR) (0.18)       0.09       0.02     (0.06)     (0.06)
Cash flow from current
operat. activities          3,824     (1,578)    (2,353)      (542)     4,094
Cash flow from Investment
activities                 (2,268)    (2,083)    (2,567)    (2,330)    (2,719)
Net cash flow              (1,347)      (278)      (633)    (2,083)      (201)
Average number of employees    499        499        502        502        502
Half-Year Report 2010 and further Reports: http://www.hoeft-
wessel.com/de/aktie/index.htm
Press kit with photos: http://www.presseportal.de/pm/12945/hoeft_wessel_ag/
end of announcement                               euro adhoc

Further inquiry note:

Arnd Fritzemeier
Tel.: +49-511-6102-300
E-Mail: af@hoeft-wessel.com

Branche: Technology
ISIN: DE0006011000
WKN: 601100
Index: TecDAX, Prime All Share, Technology All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
Hannover / free trade
München / free trade

Weitere Storys: Höft & Wessel AG
Weitere Storys: Höft & Wessel AG
  • 22.06.2010 – 10:19

    EANS-News: Rostock commissions Hoeft & Wessel to supply new ticketing system

    Almex division delivers complete solution for trams and buses Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement. Government Contracts Subtitle: Almex division delivers complete solution for trams and buses Hanover / Germany, 22/06/2010. (euro adhoc) - Hoeft & Wessel AG has been ...

  • 17.06.2010 – 14:01

    EANS-News: Hoeft & Wessel AG: Dividend resolution adopted at AGM

    Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement. Dividend Announcements/Distribution Hanover / Germany, 17 June 2010. (euro adhoc) - At the Annual General Meeting of Hoeft & Wessel AG today, a resolution was adopted in favour of paying a dividend for the first time. The shareholders of the German IT and engineering Group listed in the ...