Vtion Wireless Technology AG announced its preliminary results for the financial year 2012. The company achieved revenues of EUR 75.6 million, showing a slight decrease of two per-cent compared to 2011. Based on the preliminary results of 2012, the company barely missed the bottom end of its revenue guidance at EUR 80 million.

Due to the continuous difficult market situation in the business of Wireless Data Solutions involving macroeconomic challenges and pricing pressure, Vtion adjusted its guidance for 2013. In the current financial year, the company expects to reach revenues between EUR 60 million and EUR 70 million while the EBIT margin is estimated to amount between eight per-cent and ten per-cent.