2023
INTERIM REPORT as at 31 March 2023
Content
02 Foreword by the Executive Board
04 Viscom's shares
07 Interim Group management report
07 Basic information on the Group
07 Business model of the Group
10 Economic report
10 Macroeconomic and sector development
12 Summary analysis of the company's net assets, financial position and results of operations and course of business
- Results of operations
- Regional developments
- Financial position
- Net assets
- Key figures on the Group's net assets, financial position and results of operations
17 Supplementary report
17 Report on risks and opportunities
17 Report on future developments in 2023
17 Economic conditions
18 Other disclosures
19 IFRS interim consolidated financial statements
- Consolidated statement of comprehensive income
- Consolidated statement of financial position: assets
- Consolidated statement of financial position: equity and liabilities
- Consolidated statement of cash flows
- Statement of changes in equity
24
24
26
27
28
Selected notes
Notes to the consolidated statement of comprehensive income
Responsibility statement
Financial calendar 2023
Viscom structure
Operating figures
Profit and loss
3M 2023 | 3M 2022 | |||
Revenues | K€ | 23,615 | 20,815 | |
EBIT | K€ | 232 | 180 | |
Net profit for the period | K€ | -111 | 77 | |
Balance sheet and cashflow statement figures
3M 2023 | 3M 2022 | |||
Total assets | K€ | 116,988 | 99,906 | |
Equity ratio | % | 51.3 | 56.9 | |
Cash flow from operating activities | K€ | 4,637 | 1,248 | |
Cash flow from investing activities | K€ | -1,031 | -1,071 | |
Cash flow from financing activities | K€ | -1,191 | -989 | |
Cash and cash equivalents | K€ | -15,518 | -6,884 | |
Shares
3M 2023 | 3M 2022 | ||
Result per share | € | 0.00 | 0.01 |
Employees
3M 2023 | 3M 2022 | |
Employees on 31 March | 578 | 496 |
VISCOM.
Vision Technology.
Hanover | |||
Pari s | |||
San José | Atlanta | Tunis | Shanghai |
Huizhou | |||
Guadalajara | Bangalore | ||
Singapore |
Founded:
1984 by Dr. Martin Heuser and Volker Pape
Number of employees worldwide:
578
World Market Leader:
Viscom is the No. 1 solution provider for automatic optical inspection in the automobile industry.
Headquarters and production:
"Made in Germany":
Hanover, Germany
Subsidiaries:
Viscom France S.A.R.L., Paris, France
Viscom Tunisie S.A.R.L., Tunis, Tunisia
Viscom Inc., Atlanta, Georgia, USA
Viscom Machine Vision Pte Ltd., Singapore
Viscom Machine Vision Trading Co. Ltd.,
Shanghai, China
VICN Automated Inspection Technology (Huizhou),
Huizhou, China Co., Ltd
VISCOM MACHINE VISION (INDIA) PRIVATE LIMITED,
Bangalore, India
Viscom Metallgestaltung GmbH, Langenhagen/
Hanover, Germany
Exacom GmbH, Hanover, Germany
VISCOM VXS S. DE R.L. DE C.V., Zapopan/
Guadalajara, Mexico
01
Foreword by the Executive Board
Viscom AG's positive business performance continued in the first quarter of 2023, following on from the very good performance of the previous year. Business activity led to our highest incoming orders in a single quarter since the company was founded, which increased by around 38 % year-on-year to € 35.2 million (previous year: € 25.5 million).
This sharp rise in incoming orders was driven by high demand in Europe, especially from our major customers and our OEM customers in the X-ray tube segment. Our subsidiary Exacom GmbH also received a major order to supply X-ray inspection systems to a customer in the battery cell production sector. This is the successful outcome of our strategy of unlocking special revenue potential in the inspection of energy storage products - i. e. in the inspection of battery cells. The order has a total volume of around € 5 million and will largely affect revenue in this financial year.
At € 23.6 million, revenue in the first quarter of 2023 was around 13 % higher than the previous year's level (€ 20.8 million). Revenue recognition also continued to be hampered by supply chain disruption. In the first quarter of 2023, this affected, among other things, specialized parts for optics and the machine drives. EBIT was held back by the increased mate-
rial and staff costs and was level with the previous year at
- 0.2 million in the first three months of 2023 (previous year:
- 0.2 million).
After 35 years at Viscom, Peter Krippner, Chief Operations Of- ficer, will step back from the operating business at Viscom AG on 31 May 2023 for personal reasons. This was not an easy decision for Mr. Krippner, and he will continue to be associated with Viscom AG in an advisory capacity. With his great dedication and expertise in image processing, Mr. Krippner has played a significant part in Viscom AG's success over the last few de- cades. His competence in the field of electronic assemblies inspection is esteemed within the company and throughout the industry. We warmly thank Mr. Krippner for his work and his untiring commitment to Viscom's needs and wish him continued success both professionally and privately.
From 1 June 2023, the Viscom Executive Board will consist of three members: Dr. Martin Heuser (Technology), Carsten Salewski (Sales) and Dirk Schwingel (Finance). Peter Krippner's responsibilities will be assumed by Dr. Martin Heuser (Develop- ment/Production) and Carsten Salewski (Sales/Operations). In day-to-day operating business, they will be supported by the new Head of Operations, Kai-Uwe Schablack.
02
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Disclaimer
Viscom AG published this content on 11 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 May 2023 06:36:03 UTC.