Hoeft & Wessel : succeeds in boosting sales revenues in second quarter of 2014

Hannover/ Germany, 05/08/2014. In the second quarter of 2014, the Hoeft & Wessel Group managed to achieve a substantial increase in sales revenues compared with the first quarter. Sales revenues reached EUR 16.14 million in the second quarter, after only EUR 11.74 million was in the books at the end of the first quarter. Following the loss sustained in the first quarter, amounting to EUR 3.89 million, in the second quarter the operating result (EBIT) was only slightly negative at EUR 467 k. For the first half of 2014, sales revenues thus amounted to EUR 27.88 million and EBIT to EUR 4.36 million. Compared with the previous year period (2013: sales revenues: EUR 36.87 million, EBIT: EUR 2.56 million), the Company was still lagging behind mid-year.

The order portfolio as at 30 June 2014 amounts to EUR 39.87 million and therefore more or less matches the level of the previous year (31/12/2013: EUR 40.13 million).

Substantial contributions to sales revenues of the technology company belonging to the Droege Group came from customers in the segments of public transport, retail and logistics. Ticketing systems were sold e.g. to the Belgian State Railway, to Deutsche Bahn (German Rail) and to the FirstGroup. Mobile data capture terminals were delivered to Edeka, Rewe and the Swiss Post as well as to other customers engaged in trade and logistics. Car park terminals from the English subsidiary Metric were delivered to Mexico and Estonia, amongst other countries. Pay-on-foot systems were installed in Liverpool and other British cities.

For the second half of the year, the Hoeft & Wessel Group assumes that it will achieve a further improvement in sales revenues and results. In particular, the focused continuation of the consolidation strategy enjoys top priority.