14.02.2014
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DGAP-News: Vtion Wireless Technology AG: Revenues and EBIT in line with the Guidance 2013
DGAP-News: Vtion Wireless Technology AG / Key word(s): Preliminary
Results
Vtion Wireless Technology AG: Revenues and EBIT in line with the
Guidance 2013
14.02.2014 / 09:58
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Preliminary Results 2013
Vtion Wireless Technology: Revenues and EBIT in line with the Guidance 2013
- Revenues of 59.95 million Euros at the bottom edge of guidance range
between 60 and 70 million Euros
- EBIT margin of 8.39% in line with guided margin between 8% and 10%
- Guidance 2014 includes results slightly above the level of previous
year
Frankfurt, February 14, 2014. Vtion Wireless Technology AG, one of the
leading suppliers of wireless data solutions for mobile computing in China,
announces its preliminary results for the fiscal year 2013. The company
achieved revenues of 59.95 million Euros, hitting the bottom edge of
guidance that called for revenues between 60 and 70 million Euros. The EBIT
margin of 8.39% is consistent with the forecasted range 8% to 10%.
Vtion's financial results basically relied on its wireless data terminal
business in the year 2013. Though the company has seen steady pressure on
its average selling prices in this segment, the lean cost structure allows
the enterprise to remain profitable in this business. Meanwhile, Vtion
seeks to counteract pricing pressure in the consumer data card segment by
moving into specialized data terminals and modules. An adapted version of a
Vtion data card designed for laptops is being developed that allows tax
authorities to connect wirelessly with stores so they can transmit their
revenue information.
Vtion Anzhuo continues to operate its own online store 'Vmarket' and also
provides platform construction, operation and promotion services for smart
devices brands and Internet TV operators. Currently, a total amount of
35,268 applications via 'Vmarket' and partner sales platforms are offered.
However, the monetization for mobile applications is very difficult with an
open system like the Android platform. Hence there is little income
contribution from this segment.
With the release of the license (TD-LTE) for the fourth generation mobile
technology (4G) by the Chinese Ministry of Industry and Information
Technology, the major operators in China are preparing for the construction
of the 4G network actively. Vtion will enlarge its product offerings
created for the 4G technology, and will also seek opportunities to expand
and adapt its business model over the course of the year.
For 2014 Vtion expects results slightly above the level of the previous
year with revenues of at least 60 million Euros and a consistent EBIT.
The final results will be published with the annual report 2013 on April
29, 2014. The Management Board will hold a conference call in the morning
of that day to discuss the results and field questions concerning the
company.
Furthermore we plan the following dates for financial publications and
investor relations activities during the year:
April 29, 2014: Annual report 2013
May 28, 2014: 3-months report 2014
June 25, 2014: Annual General Meeting 2014
August 21, 2014: Half-year report 2014
November 27, 2014: 9-months report 2014
November 24 - 26, 2014: German Equity Forum 2014 / Analyst Meeting
About Vtion
The Vtion Group is a leading supplier of wireless computing solutions and
products for mobile Internet access via broadband wireless networks in the
People's Republic of China. The company offers tablet PC products and
support services through its mobile intelligent terminals business segment,
including both to the consumer market and industry-specific clients.
Through its wholly owned subsidiary, Vtion Anzhuo, the company offers
online applications for the Android operating system. For 2012, the company
reached sales revenues of 75,6 million Euros with an EBIT margin of nine
per cent. Vtion Wireless Technology AG shares are being traded in the Prime
Standard on the Frankfurt Stock Exchange with the ISIN DE000CHEN993. The
company's ticker symbol is V33.
For further information, please contact:
Kirchhoff Consult AG
Dr. Kay Baden, phone: +49 40 60 91 86 0, mail: [email protected]
or visit the company website: www.vtion.de
Disclaimer concerning prognoses
This communication contains forward-looking statements. Forward-looking
statements are statements that are not historical facts instead they
reflect Vtion's current views and expectations and the assumptions
underlying them about future events. Forward-looking statements are subject
to many risks and uncertainties. If any of such risks and uncertainties
materialise or if the assumptions underlying any of Vtion's forward-looking
statements are proving to be incorrect, Vtion's actual results may be
materially different from those expressed or implied by such
forward-looking statements. Vtion does not intend or assume any obligation
to update these forward-looking statements. Any forward-looking statement
speaks only as of the date on which it is made.
End of Corporate News
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14.02.2014 Dissemination of a Corporate News, transmitted by DGAP - a
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Language: English
Company: Vtion Wireless Technology AG
Westhafenplatz 1 (Westfalen Tower)
60327 Frankfurt
Germany
Phone: +49 69 710 456 245
Fax: +49 69 710 456 248
E-mail: [email protected],[email protected]
Internet: www.vtion.de
ISIN: DE000CHEN993
WKN: CHEN99
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
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252670 14.02.2014
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