DGAP-News: Viscom AG / Key word(s): Quarter Results Viscom AG: Decisive upturn in business performance 2021-05-11 / 08:00 The issuer is solely responsible for the content of this announcement. =---------------------------------------------------------------------------------------------------------------------- Viscom AG: Decisive upturn in business performance Incoming orders: EUR 20,741 thousand (previous year: EUR 15,928 thousand) Order backlog: EUR 24,016 thousand (previous year: EUR 16,251 thousand) Revenue: EUR 15,664 thousand (previous year: EUR 15,616 thousand) EBIT: EUR -203 thousand (previous year: EUR -2,464 thousand) Hanover, 11 May 2021 - Good business performance at Viscom AG (ISIN DE0007846867) continued in the first few months of the 2021 financial year after a strong rally at the end of the year. Incoming orders in the first quarter of 2021 rose by around 30.2 % year on year to EUR 20,741 thousand (previous year: EUR 15,928 thousand), creating very good production capacities at the Hanover-based mechanical engineering company for the months ahead. Revenue in the first quarter of 2021 was on a par with the previous year's figure at EUR 15,664 thousand (previous year: EUR 15,616 thousand). Thanks to more efficient processes and savings, in particular in staff costs and other operating expenses, Viscom significantly improved operating profit in the first quarter of 2021 to EUR -203 thousand compared to EUR -2,464 thousand in the previous year. Viscom custom designs its inspection systems to meet the needs and challenges of forward-looking industries such as battery production, semiconductor inspection and telecommunications, in particular 5G and connected devices. In doing so, Viscom seizes the opportunities offered by these dynamic growth markets. In the automotive and industrial electronics markets, the 2021 product offensive will further strengthen and expand Viscom's already strong market position. The automotive industry is facing major challenges in the form of increasing digitalisation and developments towards e-mobility. With its products, the Viscom Group wants to help shape this progress and be a reliable partner to its customers. Thanks to the new products in the iX series for automated X-ray inspection, Viscom is also excellently placed to meet the requirements of these markets. The development of incoming orders and revenue in 2021 will largely depend on the overall economic situation, particularly in the automotive industry, and on further developments relating to the COVID-19 pandemic. Viscom anticipates target revenue and incoming orders of between EUR 70 million and EUR 80 million in 2021. The EBIT-Margin for the 2021 financial year is likely to be between 3 % and 9 %, with EBIT of between EUR 2.1 million and EUR 7.2 million. The Executive Board of Viscom AG continues to work - assisted by the Supervisory Board - intensively on adapting Viscom's business model to emerge profitably from the current situation. In addition to the strategically important sales and product offensives in 2021 to further strengthen and expand Viscom's market position, this also explicitly includes the reduction of staff costs by reducing working hours, not filling vacant positions and reducing costs for travel, trade fairs, advertising, events and maintenance. The Group Interim Report as at 31 March 2021 is now available to download in the Company/Investor Relations section of the company's website at www.viscom.com. OPERATING FIGURES Consolidated statement of comprehensive income 1 Jan. to 31 Mar. 2021 1 Jan. to 31 Mar. 2020 Revenue KEUR 15,664 15,616 EBIT KEUR -203 -2,464 EBIT-Margin % -1.3 -15.8 Net profit for the period KEUR -284 -2,578 Earnings per share EUR -0.03 -0.29 Employees at end of quarter 469 487 Consolidated statement of financial position 31 Mar. 2021 31 Dec. 2020 Assets Current assets KEUR 55,630 52,541 Non-current assets KEUR 27,487 28,060 Total assets KEUR 83,117 80,601 Equity and liabilities Current liabilities KEUR 18,215 15,213 Non-current liabilities KEUR 11,627 12,179 Equity KEUR 53,275 53,209 Total shareholders' equity and liabilities KEUR 83,117 80,601 Equity ratio % 64.1 66.0 Consolidated statement of cash flows 1 Jan. to 31 Mar. 2021 1 Jan. to 31 Mar. 2020 Cash flow from operating activities KEUR -1,425 3,628 Cash flow from investing activities KEUR -819 -723 Cash flow from financing activities KEUR -813 -817 Cash and cash equivalents KEUR 1,354 3,160 SEGMENT INFORMATION 1 Jan. to 31 Mar. 2021 1 Jan. to 31 Mar. 2020 EUROPE Revenue KEUR 11,320 11,783 EBIT KEUR 43 -2,180 EBIT-Margin % 0.4 -18.5 AMERICAS Revenue KEUR 1,525 2,898 EBIT KEUR -70 191 EBIT-Margin % -4.6 6.6 ASIA Revenue KEUR 2,819 935 EBIT KEUR -156 -335 EBIT-Margin % -5.5 -35.8 EBIT consolidation differences KEUR -20 -140 About Viscom Viscom AG develops, manufactures and sells high-quality inspection systems. Its product range covers the full range of optical inspection and X-ray inspection. The company is a leading global provider in the field of assembly inspection for electronics manufacturing. Viscom's systems can be configured for each individual customer and networked. Its headquarters and manufacturing site are in Hanover. With a large network of branches, application centres, service centres and representatives, Viscom is represented all over the world. Established in 1984, Viscom AG has been listed on the Frankfurt Stock Exchange since 2006 (ISIN DE0007846867). Further information can be found at www.viscom.com.
Any forecasts, expectations or statements concerning the future included in this release may be subject to risk or uncertainty. We therefore cannot guarantee that the expectations will prove correct. Actual results and developments may differ significantly from the expectations and assumptions expressed. The factors that could cause such deviations include changes in the general economic and competitive situation, exchange rate and interest rate fluctuations and changes in national and international law. The company assumes no obligation to update the forward-looking statements in this release. Contact: Viscom AG Investor Relations Anna Borkowski Carl-Buderus-Str. 9-15 30455 Hannover Tel.: +49-511-94996-861 Fax: +49-511-94996-555 investor.relations@viscom.de -----------------------------------------------------------------------------------------------------------------------
2021-05-11 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de -----------------------------------------------------------------------------------------------------------------------
Language: English Company: Viscom AG Carl-Buderus-Strasse 9-15 30455 Hannover Germany Phone: +49 (0) 511 94 996 861 Fax: +49 (0) 511 94 996 555 E-mail: investor.relations@viscom.de Internet: www.viscom.de ISIN: DE0007846867 WKN: 784686 Listed: Regulated Market in Frankfurt (Prime Standard), Hanover; Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange EQS News ID: 1194538 End of News DGAP News Service =------------
1194538 2021-05-11
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May 11, 2021 02:01 ET (06:01 GMT)