21.03.2018
Viscom AG DE0007846867
DGAP-News: Viscom AG achieves record revenue and earnings in 2017 financial year and anticipates further growth in 2018
DGAP-News: Viscom AG / Key word(s): Final Results
Viscom AG achieves record revenue and earnings in 2017 financial year and
anticipates further growth in 2018
21.03.2018 / 07:45
The issuer is solely responsible for the content of this announcement.
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Viscom AG achieves record revenue and earnings in 2017 financial year and
anticipates further growth in 2018
Incoming orders: EUR 90,250 thousand (previous year: EUR 83,498 thousand,
+8.1 %)
Revenue: EUR 88,542 thousand (previous year: EUR 77,245 thousand, +14.6 %)
Operating profit (EBIT): EUR 13,829 thousand (previous year: EUR 10,497
thousand, +31.7 %).
EBIT-Margin: 15.6 % (previous year: 13.6 %).
Net profit for the period: EUR 9,073 thousand (previous year: EUR 7,129
thousand, +27.3 %)
Dividend proposal: EUR 0.60 per dividend-bearing share
Hanover, 21 March 2018 - Viscom AG (ISIN DE0007846867), the European market
leader for automated optical inspection systems in the electronics industry,
met its forecasts for 2017 and successfully continued on its growth path
with revenue of EUR 88.5 million and an EBIT-Margin of 15.6 %.
Incoming orders in the 2017 financial year increased by a substantial 8.1 %
year-on-year to EUR 90,250 thousand (previous year: EUR 83,498 thousand).
This encouraging figure represents the sustained high level of interest
among Viscom's existing major customers. Viscom also generated double-digit
growth in consolidated revenue, which rose by 14.6 % to EUR 88,542 million
(previous year: EUR 77,245 thousand). Operating profit (EBIT) improved by as
much as 31.7 % to EUR 13,829 million (previous year: EUR 10,497 thousand).
Accordingly, the EBIT-Margin increased from 13.6 % in the previous year to
15.6 % in the 2017 financial year. Net profit for the period increased by
27.3 %, from EUR 7,129 thousand in the previous year to EUR 9,073 thousand.
On the basis of 8,885,060 shares, earnings per share therefore amounted to
EUR 1.02 (previous year: EUR 0.80).
The Group's extremely positive development was driven by excellent
performance in all regions and divisions. In 2017 alone, Viscom increased
its revenue from serial products by 17.3 % and its revenue from services by
an outstanding 21.4 % year-on-year. At 15 %, the share of revenue
attributable to special products remained largely unchanged as against the
previous year (17 %).
Europe was by far the strongest regional market, accounting for around 57 %
of the Viscom Group's revenue. Revenue in this region remained essentially
unchanged year-on-year at EUR 50,784 thousand (previous year: EUR 50,553
thousand). Due to higher inter-segment revenue of EUR 23,919 thousand
(previous year: EUR 17,770 thousand) and capitalised development costs,
segment earnings in this region increased by around 32 % to EUR 10,748
thousand (previous year: EUR 8,113 thousand).
Revenue in the Americas region also rose by around 29 %, from EUR 10,530
thousand in the previous year to EUR 13,557 thousand. Projects involving
X-ray inspection systems accounted for an increased share of revenue in
2017. In addition to the sustained strength of automotive supply business,
orders were gained in the fields of aviation, e-mobility and alternative
power generation. At EUR 1,389 thousand, segment earnings in the Americas
region were up around 78 % on the corresponding prior-year figure (EUR 780
thousand).
In Asia, Viscom again expanded its business activities with high-end
inspection systems compared with the previous year, reinforcing its market
leadership for the combined optical and X-ray inspection of assemblies
across a number of customer segments. In addition to growth driven by series
business, customers showed increased interest in wire bond inspection
solutions. Revenue in the Asia region rose by around 50 %, from EUR 16,162
thousand in 2016 to EUR 24,201 thousand in 2017. At EUR 2,105 thousand,
segment earnings were higher than in the previous year (EUR 1,536 thousand).
Viscom's aim is to allow its shareholders to participate in the Group's
positive economic development. The Executive Board and Supervisory Board
will propose a dividend payment of EUR 0.60 per dividend-bearing share to
the Annual General Meeting on 30 May 2018. This corresponds to a dividend
yield of 2.0 % based on the closing share price at the end of 2017.
Viscom operates in an extremely strong growth market: The continued upturn
in the proportion of electronics and the ongoing miniaturisation of
electronic components are the driving factors behind the market potential
enjoyed by Viscom's inspection systems. They are also the market
developments behind megatrends like e-mobility and autonomous vehicles.
These advancements are continuously creating new and more stringent process
and quality requirements. Viscom's customers meet these requirements by
using the Group's technologies to guarantee the quality of complex
assemblies. Industry 4.0, which is now fairly well established, is
increasingly being accompanied by calls for the use of artificial
intelligence, and particularly for specific projects for applications in
electronics production and quality assurance. There are two reasons why
Viscom is already excellently positioned compared with its competitors in
this respect: Firstly, it offers a complete technology portfolio for the
inspection industry. This means it can boast in-depth process expertise and
has already developed intelligent system communications on the production
line with the Quality Uplink. Secondly, Viscom has also been investing in
research in this area for many years and is working internally, represented
by a team of IT specialists, on various specific implementations for
applications in industrial production in the near future.
This gives it extremely strong foundations for continuing to gain market
share and remaining firmly on its growth path in future. The management of
Viscom AG is forecasting revenue of between EUR 93 million and EUR 98
million and an EBIT-Margin of between 13 % and 15 % for the 2018 financial
year. An order backlog of EUR 19.8 million at the end of 2017 represents a
good starting point for achieving this.
The 2017 Annual Report is now available in the Investor Relations section at
www.viscom.com/europe.
Where this release contains forecasts, expectations or forward-looking
statements, these statements may be subject to risks and uncertainties. We
therefore cannot guarantee that these expectations will prove to be correct.
Actual results and developments may deviate significantly from the
expectations and assumptions expressed. The factors causing such deviations
may include changes in the general economic situation and the competitive
environment, exchange rate and interest rate fluctuations, and changes to
national and international legislation. The company assumes no obligation to
update the statements contained in this release.
OPERATING FIGURES
2017 2016
Revenue KEUR 88,542 77,245
EBIT KEUR 13,829 10,497
EBIT-Margin % 15.6 13.6
Net profit for the period KEUR 9,073 7,129
Total assets KEUR 71,342 66,637
Equity ratio % 79.6 78.5
CF from current business KEUR 12,752 95
CF from investment KEUR -3,428 -1,968
CF from financing KEUR -3,999 -3,554
Cash and cash equivalents KEUR 11,506 6,517
Earnings per share EUR 1.02 0.80
Dividend per share * EUR 0.60 0.45
Employees at year-end 415 382
* Dividend proposal of EUR 0.60 per dividend-bearing share for the 2017
financial year
SEGMENT INFORMATION
2017 2016
EUROPE
Revenue KEUR 50,784 50,553
EBIT* KEUR 10,335 8,181
EBIT-Margin % 20.4 16.2
ASIA
Revenue KEUR 24,201 16,162
EBIT KEUR 2,105 1,536
EBIT-Margin % 8.7 9.5
AMERICAS
Revenue KEUR 13,557 10,530
EBIT KEUR 1,389 780
EBIT-Margin % 10.2 7.4
* taking consolidation differences into account
Contact:
Viscom AG
Investor Relations
Anna Borkowski
Carl-Buderus-Str. 9-15
30455 Hannover
Tel.: +49-511-94996-861
Fax: +49-511-94996-555
[email protected]
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21.03.2018 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.
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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: [email protected]
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
End of News DGAP News Service
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665971 21.03.2018
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