- Consolidated EBIT: Up 26.6% to €8.6 million
- EBITDA: Increase by 27.4% to €10.8 million
- Undiluted earnings per share of €0.96 (previous year: €0.68)
euromicron (ISIN: DE0005660005) continued its positive business performance in the third quarter of 2009. In the first nine months of fiscal 2009, euromicron generated consolidated sales of €131.0 million (previous year: €122.5 million).
Income before interest and taxes (EBIT) was €8.6 million, an increase of 26.6% over the same period in 2008. The ratio between the EBIT return and total operating performance was 6.3% (previous year: 5.2%). Operating income of the associated companies was €13.5 million, compared with €9.8 million in the previous year. Undiluted earnings per share were €0.96 (previous year: €0.68) on a net profit of €4.3 million (previous year: €3.0 million).
“The positive EBIT performance compared with the previous year is due to our focused integration activities in the current build and integration phase,” states Dr. Willibald Späth, Chairman of the Executive Board of euromicron. The start of this phase in the company’s development is characterized by increases in efficiency, cost savings and leveraging of synergy effects. In addition, structural improvements were made in the 3rd quarter, especially at the branch offices, and the company pressed ahead with systematically expanding its portfolio of products and services.
Apart from established core business segments, the emerging market for broadband networks presents additional opportunities. “The first inquiries from municipalities and cities for fiber to the home (FTTH) network expansion are keeping our branch offices busy and confirm our expertise in fiber-optic technology and the respect we have in the network market,” stresses Dr. Späth.
“We have also been able to offer future users initial presentations of the two licenses in the field of surveillance of persons and property and in the field of healthcare that we are able to use as part of a shareholding in the USA. For instance, we captured second place in the innovative monitoring solution category at Vodafone’s Innovation Days,” says the Chairman of the Executive Board.
euromicron did not feel any effects of the financial and economic crises and their consequences in the first nine months. There is still the necessity to invest in a powerful network infrastructure in order to meet the high requirements demanded for state-of-the-art transfer of voice, data and video.
“Our business in Germany grew again (+10%) at September 30, 2009, whereas our foreign markets – as expected – declined sharply (-9%),” states Dr. Späth.
The euromicron Group expects a sharp year-on-year increase in sales and operating EBIT in the current fiscal year. Even though no acquisitions were made and pro-rata sales of up to at least €15 million are missing as a result, the target sales figure for 2009 remains €180–200 million and an EBIT return of 8–11%.
euromicron AG is an all-round solution provider for communications, data and security networks. Its network infrastructures integrate voice, video and data transport wirelessly, via copper cable and by means of fiber-optic technologies. euromicron builds leading applications, such as security, control, healthcare or surveillance systems, on the basis of these cutting-edge network infrastructures.
Founded on its expertise as a developer and producer of fiber-optic components, euromicron AG is now a strongly growing, highly profitable group that is listed on the stock market, has a medium-sized character and focuses on operational growth, integration and further market penetration, internationalization and expansion.