Ultrasonic AG reported earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported sales of EUR 33,687,000 against EUR 28,326,000 a year ago. EBITDA was EUR 9,692,000 against EUR 8,169,000 a year ago. EBT was EUR 9,333,000 against EUR 7,858,000 a year ago. Group net income was EUR 6,941,000 against EUR 5,860,000 a year ago. Return on sales was 20.6% against 20.7% a year ago. Earnings per share were EUR 0.61 against EUR 0.51 a year ago. The cash inflow from operating activities increased considerably in the reporting period to EUR 21.9 million against EUR 5.6 million a year ago.

The company provided earnings guidance for the year 2013. For the year 2013, in view of new capacity, the company expects Group sales to grow by around 10%-15% on a euro basis in 2013 (excluding currency effects). The successful expansion of distribution channels and the product offering open up further potential, but will also increase working capital requirements. Production start-up costs and expenses for gaining access to the new distribution channels will probably result in a slight lower margin. Accordingly, the Management Board still expects to report a slightly lower pre-tax margin (EBT) of 23%-26% in 2013.