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exceet Group SE: Financial Results 2017 (Annual Report) Solid Electronics Portfolio (news with additional features)
Financial Results 2017 (Annual Report) Solid Electronics Portfolio – Total Group sales at EUR 143.4 million (2016: EUR 135.3 million), – EBITDA amounted to EUR 9.5 million (2016: EUR 8.1 million) and included EUR 1.7 million non-recurring costs for restructuring. The margin increased to 6.6% (+0.6 percentage points). – Impairment charges of EUR 12.4 million (Q4 2017: EUR 1.6 million) – Cash Flow from operating activities improved by EUR 8.0 million to EUR 8.3 million. – Order Backlog1) on 31 December 2017 EUR 107.3 million (+16.4% against end of 2016) – On 31 December 2017, cash amounts to EUR 29.0 million (2016: EUR 30.9 million); – New majority shareholder White Elephant S.à r.l. holds 56.07% of exceet’s registered share capital as of 20 November 2017 and has announced to apply a value-enhancing strategy to the Group’s portfolio of activities jointly with Management and Board of Directors.
1) See exceet Group Consolidated Financial Statements note 33 “Alternative Performance Measures (APM)” Page 102 available at In the micro- and opto-electronics business, a number of new customer projects like a micro-camera based recognition of codes and optical analysis in complex environments were won. Additionally, customers of the unit based in Berlin/DE benefit from a unique spectrum of high-end chip-level technologies realized in state-of-the-art cleanroom facilities. The high-end PCB business located in Küssnacht/CH concentrates on miniaturized applications for the medical and industrial market and focuses on new developments for the semi-additive process, a proven production method used on rigid and flexible materials enabling ultra-fine circuitry. The increasing importance of hardware/software integration has been leading the way for certain innovations in 2017 such as an industrial-use developer kit based on a raspberry pi compute module. First customers already use this technologically standardized, secure plug-and-play solution. In addition, different customizable CPU platforms on the basis of the microprocessor family i.MX6 are available. Clients are strongly interested in this microprocessor related product suite as well as in panels, web terminals, medical grade body wearables and homecare solutions for patient monitoring. Furthermore, exceet engineers developed a unique concept for a decentralized, energy-efficient, space-saving and award-winning ventilation system for buildings together with a customer. 1) See exceet Group Consolidated Financial Statements note 33 “Alternative Performance Measures (APM)” Page 102 available at Outlook exceet closed the financial year 2017 with satisfactory results on the whole. Going forward, the Group is now ready to gain further visible organic business improvements in its activities portfolio. This is supported by the excellent shape of the economy, which is actually characterized by a broad and convincing increase of corporate and public investments. As it was the case for the previous quarters, the current strong order backlog figures amounting to more than EUR 100 million should certainly be positively interpreted as a good indicator of the Group’s business opportunities in the coming months. Without extraordinary events, sales should at least rise in accordance to market growth, which could gain additional momentum. This should increase the EBITDA-Margin visibly in 2018 supported by cost-efficient corporate structures. After a resolute cleaning of the balance sheet in the past reporting periods with regards to the adjustment of valuations of former acquisitions and business units being restructuring and streamlining processes, the finalization of these adjustments in 2017 will therefore narrow the gap between the operational profitability as measured by the EBITDA and the net result. Additionally, the management will pay substantial attention to the generation of Free Cash Flow1) and sustainably sound balance sheet ratios. Although the big picture seems to be positive, some risks should be closely tracked. Macro-economic risk factors that were broadly discussed at the beginning of last year did not disappear. Market sentiment could deteriorate quickly due to a prolonged and even increasing strength of the Euro or a likely change towards a tighter monetary policy. New tensions within the Eurozone and other political conflicts could undermine the newly regained propensity to invest. Above all, global indebtedness remains an unsolved issue. As outlined earlier, the current booming economy has generated longer lead times for specific electronic components. An increasingly crucial factor for future growth is the general lack of highly qualified employees. 1) See exceet Group Consolidated Financial Statements note 33 “Alternative Performance Measures (APM)” Page 102 available at exceet sees potential for value creation by optimizing its portfolio of activities according to the Group’s overall business purpose of enhancing the value of exceet. Therefore, the Group considers possible divestments of certain operations of its broad-based electronics business as well as selective investments in new activities, both solely on the basis of commercial considerations.
and Company Presentation at Please contact for further information: Wolf-Günter Freese, CEO & CFO – Email: Investor.relations@exceet.com ISIN LU0472835155 (Public Shares), Regulated Market, Prime Standard, Frankfurt/Main exceet will announce first quarter results 2018 on 30 April 2018 About exceet End of Media Release Additional features: Document: http://n.eqs.com/c/fncls.ssp?u=OBCQCKUHYM Document title: Financial Results 2017 Issuer: exceet Group SE Key word(s): Select
28.02.2018 Dissemination of a Press Release, transmitted by DGAP – a service of EQS Group AG. |
Language: | English |
Company: | exceet Group SE |
115, avenue Gaston Diderich | |
L-1420 Luxemburg | |
Grand Duchy of Luxembourg | |
Phone: | +352 2629 9122 |
Fax: | +352 2629 9150 |
E-mail: | info@exceet.ch |
Internet: | www.exceet.ch |
ISIN: | LU0472835155, LU0472839819 |
WKN: | A0YF5P, A1BFHT |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Munich, Stuttgart, Tradegate Exchange |
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