EANS-News: Data Modul AG:Successful 2012 Fiscal Year - Unchanged Dividend Proposal of 0.60 euros
20.03.2013 – 07:47
-------------------------------------------------------------------------------- Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- annual result München (euro adhoc) - - Order entry grew 10.6% to 153.9 million euros - Order backlog rose 19.2% and achieved a new record - EBIT of 8.2 million euros below prior year - Charges resulting from investments in preparation for expected growth in the coming years Data Modul AG, the European market leader in the area of display technology, reviews a successful 2012 fiscal year. In 2012, the transformation of the business model continued towards a higher portion of added value solutions and proprietary products which are tailored to the customer's requirements and are concentrated in the Systems business. Accordingly, the Systems business recorded a 12.1% increase in revenues in the past year. Order entry even attained an increase of 39.4%. At the Group level, revenues in 2012 remained virtually unchanged at 140.2 million euros while the order entry for the Group rose 10.6% to 153.9 million euros. The order backlog reached a new record level of 81.5 million euros. The results were marked by expenses for the expected growth to come: significantly higher investments, a further planned increase in research and development costs, and a rise in the number of employees. Consequently, EBIT was below the high level of the prior year and amounted to 8.2 million euros. A favourable tax effect resulted in a decrease in net income of only 9.2% to 6.9 million euros. This corresponded to earnings per share in 2012 of 1.98 euros. At the Annual General Meeting on May 5, 2013, an unchanged cash dividend distribution of 0.60 euro per share will be proposed. Data Modul AG's key Group figures according to IFRS |Jan. - Dec. (as of Dec. 31, |2012 |2011 |Change | |respectively) | | |in % | |Revenues (million euros) |140.2 |140.9 |- 0.5 | | - Displays (million euros) |77.9 |85.2 |- 8.5 | | - Systems (million euros) |62.3 |55.6 |+ 12.1 | |EBIT (million euros) |8.2 |10.1 |- 18.8 | |Order entry (million euros) |153.9 |139.1 |+ 10.6 | |Order backlog (million euros) |81.5 |68.4 |+ 19.2 | |Equity ratio in % |56.2 |55.6 |+ 1.1 | |Employees (year average) |315 |296 |+ 6.4 | |Net income (million euros) |6.9 |7.6 |- 9.2 | |Earnings per share in euros |1.98 |2.16 |- 8.3 | |Dividend per share in euros |0.60* |0.60 |+/- 0.0 | *Proposal for the Annual General Meeting on May 17, 2013 The year 2013 will be a transition year for DATA MODUL and will be affected by investments in future growth. This especially pertains to the transfer of production and logistics from Munich to Weikersheim, as well as the related build-up of capacity. As has been already announced last year, DATA MODUL will continue to consistently forge ahead with its strategic transition of the business model toward the higher added value and strong growing Systems business as well as toward increased internationalisation. The Executive Board Munich, March 20, 2013 ----------------------- Press Information Data Modul AG Landsberger Str. 322 Telephone 089 56017-105 Fax 089 56017-102 Further inquiry note: Barbara Lederer Tel.: +49 (0)89 56017-105 E-Mail: barbara.lederer@data-modul.com end of announcement euro adhoc -------------------------------------------------------------------------------- company: Data Modul AG Landsberger Str. 322 D-80687 München phone: +49(0)89-56017-0 FAX: +49 (0)89 56017-102 mail: info@data-modul.com WWW: http://www.data-modul.com sector: Technology ISIN: DE0005498901 indexes: CDAX, Prime All Share stockmarkets: free trade: Berlin, Hamburg, Düsseldorf, Stuttgart, regulated dealing: München, regulated dealing/prime standard: Frankfurt language: English