DGAP-News: euromicron AG: euromicron AG turns in a positive performance in the third quarter of 2017

Nachricht vom 09.11.2017 (www.4investors.de) -


DGAP-News: euromicron AG / Key word(s): 9-month figures

euromicron AG: euromicron AG turns in a positive performance in the third quarter of 2017
09.11.2017 / 07:00


The issuer is solely responsible for the content of this announcement.
Sales increase by around 7.7% to EUR 244.0 million
Operating EBITDA improves sharply to EUR 7.2 million
New orders from continuing operations were EUR 265.3 million,
around EUR 18.9 million up on the previous year
Working capital ratio reduced by 3.5 percentage points to 16.6%
Frankfurt/Main, November 9, 2017 - euromicron AG, a medium-sized technology group and specialist for the Internet of Things (IoT), is today publishing its report on the third quarter of 2017.
Sales at September 30, 2017, were EUR 244.0 million, a year-on-year increase of around 7.7% (previous year: EUR 226.6 million). There is even double-digit sales growth of 10.0% from continuing operations after adjustment for sales effects from discontinued or sold operations. There was also a positive performance in terms of operating EBITDA, which increased from EUR 1.4 million to EUR 7.2 million. The consolidated net loss for the period at September 30, 2017, was EUR -3.8 million and so was reduced by EUR 6.0 million compared to the previous year (net loss of EUR -9.8 million).
Bettina Meyer, Spokeswoman of the Executive Board, comments: "The transformation strategy of euromicron AG also reaped positive results in the third quarter of 2017. Just about all key figures were able to be improved compared to the first nine months of fiscal 2016. That confirms we're on the right track and the strategic measures are having an impact."
"Companies in all industries are increasingly driving digitization of their business models - and implementation of that offers far-reaching development opportunities for the euromicron Group. We're well-positioned in the SME sector and a preferred partner for enterprises when it comes to digitization. Apart from our bread-and-butter business, we're therefore focusing on innovative orders with a large share of services. That's reflected in the Group's new projects, which include predictive maintenance models, smart security and building technology, and cybersecurity solutions. That means we can leverage potential in the IoT market to the full and develop scalable solutions," adds Jürgen Hansjosten from euromicron's Executive Board.
That is also evidenced in the euromicron Group's new orders from continuing operations, which totaled EUR 265.3 million in the first nine months of fiscal 2017 or EUR 18.9 million above the comparative figure for the previous year (EUR 246.4 million). Order books were EUR 139.5 million, likewise a sharp increase - of EUR 17.1 million - on the previous year's EUR 122.4 million.
Moreover, the company has made further progress in optimizing its working capital. The working capital ratio was reduced by 3.5 percentage points to 16.6% compared to 20.1% at September 30, 2016. After adjustment for the effects of factoring, working capital at September 30, 2017, was EUR 84.4 million and so EUR -3.1 million below the figure at September 30, 2016 (EUR 87.5 million) despite the sharp increase in sales volume.
The cash flow from operating activities (after adjustment for the effects of factoring) at September 30, 2017, was EUR -15.6 million, an improvement of EUR 2.1 million (previous year: EUR -17.7 million). The euromicron Group's net debt totaled EUR -103.7 million (previous year: EUR -100.9 million). This slight increase is due in particular to the increased volume of investment.
With regard to the group's further business performance, Bettina Meyer states: "New business models require investment and advance work and outlays, which result in an improvement in competitiveness in the medium term. We feel sure that, with the measures we're implementing, we're creating a forward-looking setup in the market for the euromicron Group with its strategic core fields. We aim to complete the group's transformation in 2018."
The full report for the third quarter of 2017 is available as of today on the company's website at www.euromicron.de in the section "Investor Relations/Publications/Financial Reports".
___________________________________________________________________euromicron AG (www.euromicron.de) unites medium-sized technology companies from the fields of Digital Buildings, Smart Industry and Critical Infrastructures. As a German specialist for the Internet of Things, euromicron enables its customers to network business and production processes and successfully move to a digital future. From design and implementation, operation, to related services - euromicron implements customized solutions and creates the IT, network and security infrastructures required for them. As a result, euromicron lets its customers migrate existing infrastructures gradually to the digital age. euromicron's expertise helps the company's customers increase their agility and efficiency, as well as develop new business models that lay the foundation for commercial success down the road.
The technology group is headquartered in Frankfurt/Main, has been listed on the stock exchange since 1998 and employs around 1,800 people at 32 locations. The euromicron Group comprises a total of 17 subsidiaries, including the brand names Elabo, LWL-Sachsenkabel, MICROSENS and telent. euromicron AG generated total sales of EUR325.3 million in fiscal year 2016.

Press contact euromicron AG:
euromicron AG
Investor & Public Relations
Zum Laurenburger Hof 76
60594 Frankfurt/Main, Germany
Phone: +49 69 631583-0
Fax: +49 69 631583-17
IR-PR@euromicron.dewww.euromicron.de
ISIN DE000A1K0300
WKN A1K030












09.11.2017 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

Language:
English
Company:
euromicron AG

Zum Laurenburger Hof 76

60594 Frankfurt/Main


Germany
Phone:
+49 69 631583-0
Fax:
+49 69 631583-17
E-mail:
info@euromicron.de
Internet:
www.euromicron.de
ISIN:
DE000A1K0300
WKN:
A1K030
Listed:
Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange

 
End of News
DGAP News Service




626573  09.11.2017 





PfeilbuttonErgomed: „Evotecs fantastischer Erfolg ist ein positives Signal“ - Exklusiv-Interview
Pfeilbuttonmic AG: „Wir wollen Industrie 4.0 und Blockchain verbinden“ - Exklusiv-Interview
PfeilbuttonAURELIUS: „2017 wird das beste Jahr in unserer Unternehmensgeschichte” - Exklusiv-Interview


+++ Exklusive Interviews und Analysen - gratis in Ihre Mailbox! +++

Tragen Sie sich jetzt für unseren kostenlosen 4investors Newsletter ein.


Bestätigungslink nicht per Mail bekommen? Bitte kontrollieren Sie Ihren Spamordner!

Der 4investors Newsletter erscheint unregelmäßig, i.d.R. 2 bis 6 Mal pro Monat. Wir geben ihre Mailadresse an keinen Dritten weiter! Sie können den kostenlosen 4investors Newsletter jederzeit problemlos wieder abbestellen.
comments powered by Disqus


Aktuelle Nachrichten aus der 4investors-Redaktion

23.11.2017 - m-u-t AG hebt erneut die Gewinnprognose an
23.11.2017 - USU Software bestätigt Prognosen - „aktionärsfreundliche Dividendenpolitik”
23.11.2017 - Morphosys: Gute Neuigkeiten von Janssen!
23.11.2017 - KWS Saat bestätigt Prognose
23.11.2017 - JDC Group erwartet starkes viertes Quartal
23.11.2017 - Daldrup + Söhne: Neues zu Geothermieprojekten
23.11.2017 - Vita 34 meldet Gewinnrückgang - Prognose bestätigt
23.11.2017 - Evotec Aktie: Es bleibt sehr spannend!
23.11.2017 - First Sensor Aktie: Nächste Etappe der Rallye voraus?
23.11.2017 - Voltabox Aktie: Gelingt die Bodenbildung?


Chartanalysen

23.11.2017 - Evotec Aktie: Es bleibt sehr spannend!
23.11.2017 - First Sensor Aktie: Nächste Etappe der Rallye voraus?
23.11.2017 - Voltabox Aktie: Gelingt die Bodenbildung?
23.11.2017 - Nordex Aktie: Eine ganz heiße Sache
22.11.2017 - Geely Aktie: Haben sich die Bullen ausgetobt?
22.11.2017 - BYD Aktie: Aufwärtsdrang schon wieder beerdigt?
22.11.2017 - mic AG: Gelingt der Aktie jetzt der große Sprung?
22.11.2017 - Evotec Aktie: Jetzt einsteigen - oder draußen bleiben?
22.11.2017 - Medigene Aktie: Shortseller in der Falle?
21.11.2017 - Fintech Group: Achtung, Aktie mit einem weiteren Kaufsignal


Analystenschätzungen

23.11.2017 - ThyssenKrupp: Was ist mit Tata Steel?
23.11.2017 - ArcelorMittal: Gibt es wieder eine Dividende?
23.11.2017 - Fresenius: Sinnvolle Entscheidung
23.11.2017 - Software AG: IoT als Impulsgeber
23.11.2017 - SAF-Holland: USA bringt Impulse
23.11.2017 - Deutsche Telekom: Aktie bleibt ein Kauf
23.11.2017 - Vestas: Ein klares Minus für den Nordex-Konkurrenten
23.11.2017 - Drillisch: Ausgezeichnete Perspektiven
23.11.2017 - Salzgitter: Keine Kaufempfehlung mehr
23.11.2017 - Nordex Aktie: Beerdigt ein Analyst alle Hoffnungen?


Kolumnen

23.11.2017 - Bovespa konsolidiert im November 2017 nach kräftigem Kursanstieg - Commerzbank Kolumne
23.11.2017 - Wie kontrovers war die Diskussion im EZB-Rat wirklich? - National-Bank Kolumne
23.11.2017 - Deutschland - BIP: Exporte legen los – Außenbeitrag wichtiger Wachstumspfeiler - VP Bank Kolumne
23.11.2017 - BMW Aktie: Neue Tiefs möglich - UBS Kolumne
23.11.2017 - DAX: 13.000 Punkte wieder im Fokus - UBS Kolumne
22.11.2017 - US-Daten zum Auftragseingang im Fokus - National-Bank Kolumne
22.11.2017 - Beiersdorf Aktie: Neues Allzeithoch in Reichweite - UBS Kolumne
22.11.2017 - DAX: Verlorenes Terrain zurückerobert - UBS Kolumne
21.11.2017 - Politische Sondierungen in Berlin deuten in Summa auf Neuwahlen - National-Bank Kolumne
21.11.2017 - Jamaika gescheitert – was sind die Folgen für Kapitalmärkte und Wirtschaft - Commerzbank Kolumne

Werbung

All Right Reserved by minimalthemes - ©2014 Stoffels & Barck GbR