DATA MODUL Aktiengesellschaft Produktion und Vertrieb von elektronischen Systemen: DATA MODUL records strong business results for the second quarter

DATA MODUL records strong business results for the second quarter

- Revenue up 15.8% to 62.4 million euros

- Order backlog up 9.1% to 132.3 million euros

- Record EBIT of 5.1 million euros

- EBIT margin within the target corridor at 8.2%

Munich, August 10, 2018. DATA MODUL started out the year somewhat modestly but business began accelerating in the first quarter, and this momentum continued throughout the second quarter. Revenue rose handsomely, up 15.8% from 53.8 million euros one year ago to 62.4 million euros. Order backlog, which increased 9.1% from 121.2 million euros in the same quarter last year to 132.3 million euros, supports the company's solid full-year estimate. EBIT rose in line with the strong business activity seen to 5.1 million euros, up 44.3% from 3.5 million euros for the second quarter of 2017. At 8.2%, EBIT margin is within the target corridor (previous year: 6.6%).

DATA MODUL AG published its revenue and earnings figures in an ad-hoc release on July 19, 2018, which were significantly higher year-over-year.

Group Key Figures

Outlook
Favorable economic conditions and continuing systematic execution on our strategy program make us confident that the full fiscal year will be a successful one. The strong business results recorded are expected to continue throughout the year, as we will be laying the groundwork for further growth through forward-looking staffing policies and by making investments in our future. In view of the favorable orders situation, the Executive Board anticipates that the company will post good results for the full year 2018.