AUGUSTA TECHNOLOGIE AG 
By Corporate News
AUGUSTA announces final figures for 2011 financial year and publishes guidance for 2012• Revenues at EUR 101.3 million (+31 percent) and over proportional increase in
EBITDA to EUR 17.9 million (+67 percent)• Dividend proposal of EUR 0.60 per share
• Outstanding balance-sheet situation with high equity ratio and significant cash reserves
• Forecast range 2012: revenues range of EUR 100 to 110 million, EBITDA between
EUR 16 and 20 million Munich, March 22, 2012. AUGUSTA Technologie AG (ISIN DE000A0D6612) has achieved its strategic and operational goals in the 2011 fiscal year, as reported earlier. With the purchase of both VDS Vosskühler GmbH and LMI Technologies Inc. and the sale of the Sensortechnics Group, AUGUSTA has made significant progress strategically in terms of its focus on the core Vision segment. Operationally, too, all of its goals were achieved despite the increasingly uncertain general economic conditions. "The driving force behind our profitable growth is our focus on vision technologies. We increased our earnings at a higher rate than revenues, even though we increased our investments and expanded our development activities as well as sales and service structures," explained Amnon Harman, CEO of AUGUSTA Technologie AG.
Adjusted for the Sensortechnics Group, 2011 consolidated
sales revenues increased to EUR 101.3 million, up by around
31 percent on the previous year (EUR 77.3 million). The
comparable organic growth excluding the companies acquired in
2011, VDS and LMI, was just around 12 percent. Profitability
increased at a disproportionately high rate, with EBITDA up
by 67 percent on the previous year (EUR 10.7 million) to EUR
17.9 million. Excluding the companies acquired in 2011,
EBITDA grew organically by about 32 percent, also at a
disproportionately high rate. The EBITDA margin rose to 17.7
percent (previous year: 13.9 percent).
The cumulative net income for the period rose sharply to
around EUR 37.0 million (previous year: EUR 10.4 million).
Included in this figure are extraordinary earnings from the
sale of the Sensortechnics Group of EUR 32.5 million and a
one-time value adjustment for P+S Technik in the region of
EUR 4.4 million. Earnings per share were EUR 4.85 (previous
year: EUR 1.37).
57 percent on the previous year (EUR 25.1 million).
"In the fourth quarter we received a large order for
microsystems technology, which is due for delivery over the
next three years. In the Vision segment the slight rise in
incoming orders and the high level of orders on
AUGUSTA Technologie AG • Willy-Brandt-Platz 3 • 81829 Munich • +49 - (0)89 - 4357155 - 19 • www.augusta-ag.com
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hand are putting us in a cautiously optimistic mood for
business performance in 2012," continued Amnon
Harman.
The key financials, with an equity ratio of 72.8 percent, are
excellent for a medium-sized company at the end of fiscal
year 2011. "The sale of the Sensortechnics Group has so
far added EUR 47 million to our funds, excluding the
outstanding earn-out payments. Our cash and cash equivalents
have risen to EUR
65.9 million at year-end. These funds are earmarked for
re-investment," said Berth Hausmann, CFO of
AUGUSTA Technologie AG.
This year, AUGUSTA would also like its shareholders to participate in the company's positive performance. "We remain committed to distributing at least 30 percent of ordinary Group annual net income to our shareholders for the 2011 fiscal year. Due to the extraordinary earnings from the sale of the Sensortechnics Group, we will increase the operations-based dividend of around EUR 0.35 per share to EUR 0.60 per share," Hausmann added. The Managing Board and Supervisory Board will accordingly propose a dividend of EUR 0.60 to the Annual General Meeting on May 16, 2012.
Forecast 2012
From the current standpoint, AUGUSTA expects growth both in
sales revenues and in profitability. Bearing in mind the
current market uncertainties, we are expecting consolidated
sales revenue ranging from EUR 100 to
110 million and an EBITDA of between EUR 16 and 20
million.
Potential acquisitions/sales and the costs required for this
are not included in these figures.
2011* | Forecast 2012 | |
Sales revenues | EUR 101.3 million | EUR 100 to 110 million |
EBITDA | EUR 17.9 million | EUR 16 to 20 million |
* This includes: P+S Technik GmbH up to September 30, 2011, with sales of EUR 3.4 million and an EBITDA of EUR
-0.74 million
Overview of cumulated figures as of December 31, 2011EUR million | FY 2010 | FY 2011 | Change |
Sales revenues | |||
Group | 77.3 | 101.3 | +31% |
Vision | 45.1 | 62.2 | +38% |
Other divisions | 32.2 | 39.1 | +21% |
AUGUSTA Technologie AG • Willy-Brandt-Platz 3 • 81829 Munich • +49 - (0)89 - 4357155 - 19 • www.augusta-ag.com
Corporate NewsEBITDA | |||
Group | 10.7 | 17.9 | +67% |
Vision | 12.4 | 17.5 | +41% |
Other divisions | 2.5 | 4.2 | +72% |
Key figures | |||
Incoming orders | 86.6 | 107.3 | +24% |
Order backlog | 25.1 | 39.3 | +57% |
Net profit (after DCO and minorities) | 10.4 | 37.0 | +256% |
Earnings per share in EUR | 1.37 | 4.85 | +256% |
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
AUGUSTA Technologie AG is an integrated technology company
with a focus on niche markets of digital image processing and
optical sensors.
Through its core Vision Technology segment, the company
supplies digital cameras and optical sensor systems for
enhancing quality, safety and efficiency. It develops and
produces both standard products and customer-specific systems
for a broad range of uses in a number of sectors including
manufacturing, medical technology, multimedia, transport and
security technology. In its other divisions, AUGUSTA develops
and sells products for the power electronics and mobile
measuring technology segment. AUGUSTA is marked by its
international presence and excellent customer service.
In the 2011 fiscal year AUGUSTA generated consolidated sales
revenues of EUR 101.3 million and earnings before interest,
tax, depreciation and amortization (EBITDA) of EUR 17.9
million.
AUGUSTA Technologie AG • Willy-Brandt-Platz 3 • 81829 Munich • +49 - (0)89 - 4357155 - 19 • www.augusta-ag.com
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| This press release was issued by Augusta Technologie AG and was initially posted at http://www.augusta-ag.de/incl/img/praes_engl/presse/2012/120322_PM_AUGUSTA_JA2011_d_en.pdf . It was distributed, unedited and unaltered, by noodls on 2012-03-22 10:24:23 AM. The issuer is solely responsible for the accuracy of the information contained therein. |
