08.08.2014 Alphaform AG  DE0005487953

DGAP-News: Alphaform AG: reorientation still on course


 
DGAP-News: Alphaform AG / Key word(s): Half Year Results/Half Year Results Alphaform AG: reorientation still on course 08.08.2014 / 08:03 --------------------------------------------------------------------- Press Release H1 2014: Alphaform reorientation still on course Revenue rises by 14.9% year-on-year to EUR 14.5 million EBITDA of EUR -0.2 million only negative due to restructuring Forecast for year as a whole retained Feldkirchen, 8 August 2014 - The restructuring of Alphaform AG, a service provider for industrial 3D printing, is still on schedule. Aided by a stable economy, revenue climbed by 15.4% year-on-year in the second quarter of 2014 from EUR 6 million to EUR 7 million. EBITDA improved from EUR -0.6 million to EUR -0.2 million in the second quarter. As in the first quarter, earnings would have been positive were it not for the costs of the restructuring. Earnings before taxes (operating earnings) improved from EUR -0.9 million to EUR -0.5 million. In addition to the growth in revenue, the widening of the gross profit margin by 8.8 percentage points from 58.6% in the second quarter of the previous year to 67.4% in the second quarter of 2014 also contributed to this. Taking the first half of the year as a whole, revenue rose by 14.9% to EUR 14.5 million (H1 2013: EUR 12.6 million). Earnings before taxes (operating earnings) amounted to EUR -0.8 million in the first six months of 2014 after EUR -0.9 million in the same period of the previous year. EBITDA in the first half of 2014 was EUR -0.2 million as against EUR -0.3 million in the same period of 2013. Cash flow from operating activities in the first half of 2014 amounted to EUR -2.4 million after EUR -0.2 million in the same period of the previous year. The main reasons for the negative cash flow were the greater need for additional current assets due to the growth in business and the restructuring. The restructuring of Alphaform AG is well on its way: At the end of the second quarter of 2014, all the individual measures of the current programme were on schedule - in terms of both project progress and earnings. The restructuring is built on five pillars in total: the reorganisation and selective expansion of sales, three individual Alphaform Excellence programmes at the three locations of Eschenlohe, Feldkirchen and Stade and creating an open and trusting corporate culture. Positive trends in all segments Revenue in the Additive Manufacturing Plastics and Modelling segment climbed by 14% year-on-year in the first half of the year, from EUR 7.9 million in the first half of 2013 to EUR 9.1 million in the current reporting period. Two highly productive stereolithography machines that commenced operations in April 2014 contributed to this rise in revenue. Expenses for the restructuring drove down segment earnings to EUR -0.8 million (H1 2013: EUR -0.6 million) and eclipsed the positive earnings trend. The Additive Manufacturing Metals and Rapid Tooling segment generated growth of more than 30% in the first half of 2014, from EUR 1.9 million in the previous year to EUR 2.5 million in the reporting period. Segment earnings are positive again. In the Precision Casting business segment, for which the Alphaform subsidiary MediMet in Stade is responsible, revenue climbed by 8.3% year-on-year in the first half of the year, from EUR 3.5 million in the first six months of 2013 to EUR 3.8 million in the first half of 2014. Segment earnings improved to EUR -0.2 million in the first half of the year after EUR -0.3 million in the previous year. Forecast for 2014 financial year retained Alphaform AG is forecasting revenue of around EUR 30 million and a significant earnings improvement as against the previous year for 2014. Essentially as a result of the necessary restructuring expenses, the Management Board is still projecting a net loss for 2014 of around EUR -1 million. Key figures of the Alphaform Group
                        2nd Quarter                         1st Half-year



                         2014      2013      %     2014      2013      %

Revenue                     6.972     6,041  15,4%   14,485    12,608 
14,9%
                         Mio. EUR  Mio. EUR        Mio. EUR  Mio. EUR

EBITDA                     -0,200    -0,636  68,6%   -0,183    -0,288 
36,5%
                         Mio. EUR  Mio. EUR        Mio. EUR  Mio. EUR

Operating income           -0,506    -0,945  46,5%   -0,803    -0,892 
10,0%
                         Mio. EUR  Mio. EUR        Mio. EUR  Mio. EUR

Earnings after Tax         -0,586    -1,031  43,2%   -0,984    -1,067  7,8%
                         Mio. EUR  Mio. EUR        Mio. EUR  Mio. EUR

Earning per share        -0,11 EUR -0,19 EUR 42,1% -0,19 EUR -0,20 EUR 5,0%

Equity                                                7,476     6,626 
12,8%
                                                   Mio. EUR  Mio. EUR

Balance sheet total*                                 17,321    15,765  9,9%
                                                   Mio. EUR  Mio. EUR

Equity ratio                                          43,2%     42,0%  2,7%
Freely liquid assets
and marketable                                        1,407     1,152 
22,1%
securities*                                        Mio. EUR  Mio. EUR

Employee company*                                  247       231       6,9%


*) As at 30 June for 2014, as at 31 December for 2013. About Alphaform Alphaform AG, based in Feldkirchen near Munich was founded in 1996. The company belongs to the European market leaders in the production of complex components means additive manufacturing, which are often grouped together under the term "3D printing". An important mainstay of the segment 3D Printing and Additive Manufacturing is the production of series close prototypes, particularly for the automotive and capital goods industries. The Medical Division of Alphaform has a leading position throughout Europe in manufacturing and processing orthopaedic implants and instruments. The shares of Alphaform are listed in the Prime Standard Segment of the Frankfurt Stock Exchange (FWB) under the abbreviation ATF. The core competence of Alphaform lies in its extensive application know-how for processes and materials for the additive production of complex prototypes, tools, individual components and small series made of plastic and metal. The company's activity is focused on the orthopaedic and medical technology, automotive, aviation and aerospace industries. The subsidiaries of Alphaform are located in Germany, Finland, Sweden and the UK. Contact: Dr. Hanns-Dieter Aberle CEO ALPHAFORM AG Kapellenstraße 10 85622 Feldkirchen Tel.: +49 89 905002 29 Fax: +49 89 9050021021 e-mail: [email protected] Internet: www.alphaform.de Disclaimer This ad-hoc disclosure is not an offer document and does not constitute an offer of shares of Alphaform AG ("Company") nor an invitation to an offer to buy or subscribe for shares or securities of the Company but is provided for information only. This ad-hoc disclosure may contain forward-looking statements that are subject to risks and uncertainties, including those pertaining to the anticipated benefits to be realized from the proposals described herein. Forward-looking statements may include, in particular, statements about future events, future financial performance, plans, strategies, expectations, prospects, competitive environment, regulation and supply and demand. The Company has based these forward-looking statements on its views and assumptions with respect to future events and financial performance. Actual financial performance could differ materially from that projected in the forward-looking statements due to the inherent uncertainty of estimates, forecasts and projections, and financial performance may be better or worse than anticipated. Given these uncertainties, persons should not put undue reliance on any forward-looking statements. The information contained in this ad-hoc disclosure is subject to change without notice and the Company does not undertake any duty to update the forward-looking statements, and the estimates and assumptions associated with them, except to the extent required by applicable laws and regulations. Important notice to persons in the United States of America All information in this ad-hoc disclosure is being made available in the United States of America only to persons believed by the Company to be capable of understanding and evaluating the risks of a transaction. No shares or other securities of the Company have been registered or otherwise qualify for a public sale or resale under federal or state laws in the United States of America. Each recipient of information doing business in or organized under any federal or state laws in the United States of America or in areas subject to its jurisdiction represents that it is an "accredited investor" as defined by Rule 501 or Regulation D under the Securities Act of 1993 ("the Act") and acknowledges that none of the shares in the Company will be registered under the Act and cannot be resold in the absence of such registration or the availability of an exemption there from. The shares in the Company have not been approved or disapproved by the United States Securities and Exchange Commission, any state securities commission or other regulatory authority, nor have any of these authorities passed judgment upon or endorsed the merits of an investment in the shares of the Company or the accuracy or adequacy of this ad-hoc disclosure . Any read-hoc disclosure to the contrary is a criminal offence. Important notice to persons in the United Kingdom All information in this ad-hoc disclosure is being made available to the recipients on the basis that they are persons covered by Article 11(3) of the Financial Services Act 1986 (Investment Advertisements) (Exemptions) Order 1996. By accepting this document, the recipient warrants and represents that he or it is such a person. --------------------------------------------------------------------- 08.08.2014 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. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- Language: English Company: Alphaform AG Kapellenstraße 10 85622 Feldkirchen Germany Phone: +49 (0)89 905002 - 0 Fax: +49 (0)89 905002 - 90 E-mail: [email protected] Internet: www.alphaform.de ISIN: DE0005487953 WKN: 548795 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart End of News DGAP News-Service --------------------------------------------------------------------- 281423 08.08.2014


Die wichtigsten Finanzdaten auf einen Blick
  2016 2017 2018 2019 2020 2021 2022e
Umsatzerlöse1 0,00 0,00 0,00 0,00 0,00 0,00 0,00
EBITDA1,2 0,00 0,00 0,00 0,00 0,00 0,00 0,00
EBITDA-Marge3 0,00 0,00 0,00 0,00 0,00 0,00 0,00
EBIT1,4 0,00 0,00 0,00 0,00 0,00 0,00 0,00
EBIT-Marge5 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Jahresüberschuss1 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Netto-Marge6 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Cashflow1,7 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Ergebnis je Aktie8 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Dividende8 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Quelle: boersengefluester.de und Firmenangaben

1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer:

INVESTOR-INFORMATIONEN
©boersengefluester.de
WKN Kurs in € Einschätzung Börsenwert in Mio. €
0,000 0,00
KGV 2023e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
0,00 0,00 0,00 0,00
KBV KCV KUV EV/EBITDA
0,00 0,00 0,00 0,00
Dividende '22 in € Dividende '23e in € Div.-Rendite '23e
in %
Hauptversammlung
0,00 0,00 0,00
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
0,00% 0,00% 0,00% 0,00%
    
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