DGAP-News: Augusta Technologie AG / Key word(s): Final
Results/Forecast
Augusta Technologie AG: Above Expectations in FY 2010; Guidance FY
2011
17.03.2011 / 07:44
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AUGUSTA above expectations in financial year 2010; sales growth of
8 to 16 percent planned in 2011 with over-average increase in earnings
- Revenues 2010 at EUR 129.3 million (+38 percent) and EBITDA growth to
EUR 20.1 million (+67 percent)
- Proposed dividend of 45 cents per share
- Forecast range 2011: Revenues of EUR 140-150 million, EBITDA at EUR
22-26 million
Munich, March 17, 2011. AUGUSTA Technologie AG (ISIN DE000A0D6612)
concluded its most successful financial year ever since its realignment as
a technology company and focus on the core segments of Vision and Sensors.
As reported earlier, the revenues and EBITDA guidance for financial year
2010 - already adjusted upwards - was exceeded.
Consolidated revenues in 2010 rose to EUR 129.3 million, an increase of
around 38 percent over those of the previous year (EUR 93.6 million).
Earnings rose at an above-average rate: The consolidated EBITDA increased
by 67 percent to EUR 20.1 million compared to the previous year (EUR 12.0
million). The EBITDA margin of 15.5 percent shows increased profitability
once again (previous year: 12.9 percent). Net profit from continued
operations more than doubled to EUR 10.9 million in 2010 (previous year:
EUR 5.3 million). Earnings per share improved to EUR 1.44 (previous year:
EUR 0.69).
'By focusing on growing niche markets of sensors and vision technology, we
were able to grow at a stronger rate than the market. The successful
business development is based on the international expansion of our market
presence and our continuous investment in product development. In this way
we are tapping into new sales markets - both regionally and
product-related,' says Amnon Harman, CEO of AUGUSTA Technologie AG.
Robust incoming orders and balance sheet will ensure a successful 2011
At EUR 146.2 million, incoming orders in 2010 were clearly up from the
previous year (EUR 87.3 million). 'The positive trend for incoming orders
has also continued in recent weeks. We expect robust revenue development at
least for the first half of 2011. The well-filled order book strengthens
our confidence for the current year 2011,' says Berth Hausmann, CFO of
AUGUSTA Technologie AG.
'Despite the market-driven increase of our inventories and the associated
increase of our working capital, we have increased our operating cash flow
to EUR 12.8 million. Our solid balance sheet enables us to implement our
ambitious organic and inorganic growth plans,' Hausmann continues.
Dividend distribution
This year AUGUSTA will propose to its shareholders a dividend payment of 45
cents per share. 'Last year we more than doubled our net income and we want
to let our shareholders participate in this. We are thus confirming our
communicated long-term dividend guidance of 30 percent of Group net
profits,' says Berth Hausmann.
Forecast 2011
Under the assumption of a continued positive economic environment, AUGUSTA
is planning revenue growth of 8 to 16 percent and an increase in earnings
of some 10 to 30 percent.
|[![CDATA[|[pre|]]]|]
2010 Forecast 2011
Sales revenue EUR 129.35 million EUR 140 - 150 million
EBITDA EUR 20.10 million EUR 22 - 26 million
|[![CDATA[|[/pre|]]]|]
'We expect revenues in the range of EUR 140 to 150 million and
above-average growth of EBITDA to EUR 22 to 26 million for fiscal year
2011. This does not include any further acquisitions that we are planning
for 2011,' says Amnon Harman.
Overview of cumulated figures as of December 31, 2010
|[![CDATA[|[pre|]]]|]
In EUR million FY 2009 FY 2010 Change
Sales revenue
Group 93.6 129.3 +38%
Vision 27.5 45.1 +64%
Sensors 66.1 84.3 +28%
EBITDA
Group 12.0 20.1 +67%
Vision 8.1 12.4 +53%
Sensors 6.2 11.8 +90%
Key figures
Net profit from continued
operations 5.3 10.9 +108%
Earnings per share in EUR 0.69 1.44 +108%
Order book 87.3 146.2 +68%
Order book 38.8 52.5 +36%
|[![CDATA[|[/pre|]]]|]
The detailed 2010 annual report can be downloaded from the website of the
company at
www.augusta-ag.com.
AUGUSTA Technologie AG
Stefanie Zimmermann
Investor Relations & Corporate Communications
Willy-Brandt-Platz 3, D-81829 Munich
Tel.: +49 - (0)89 - 43 57 155 - 19
Fax: +49 - (0)89 - 43 57 155 - 59
E-mail: investor-relations@augusta-ag.com
The company
AUGUSTA Technologie AG is an integrated technology group with a focus on
the niche markets of digital image processing (Vision) and sensor
technology (Sensors).
The Vision business focuses on the supply of digital cameras and optical
sensor systems for automation and enhancing quality, safety and efficiency.
This business segment addresses a wide range of applications in different
industries including manufacturing, health care and transportation
technology. Digital film cameras for the media and entertainment market are
a new niche segment being addressed.
In the Sensors division, the company develops, produces and sells sensor
systems for customer-specific applications. The product portfolio ranges
from the sale of individual pressure sensors to the development of complex
sensor and measuring systems. The main areas of application are medical
technology, machinery and plant engineering, the automotive industry, and
the aviation and aerospace industries.
In the 2010 financial year, AUGUSTA generated sales revenues totaling EUR
129.3 million, and EUR 20.1 million in earnings before interest, tax,
depreciation and amortization (EBITDA).
End of Corporate News
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Language: English
Company: Augusta Technologie AG
Willy-Brandt-Platz 3
81829 München
Deutschland
Phone: +49-(0)89-4357155-19
Fax: +49-(0)89-4357155-56
E-mail: stefanie.zimmermann@augusta-ag.com
Internet: www.augusta-ag.com
ISIN: DE000A0D6612, DE0003705992
WKN: A0D661, 370599
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, München, Stuttgart
End of News DGAP News-Service
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115850 17.03.2011
DGAP-News: Augusta Technologie AG: Above Expectations in FY 2010; Guidance FY 2011
| Source: EQS Group AG