elexis AG: ad-hoc announcement in accordance with § 15 of the German Securities Trading Act (WpHG) on the final results for the first six months of 2012

elexis AG  / Key word(s): Half Year Results

15.08.2012 10:30

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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elexis AG: ad-hoc announcement in accordance with § 15 of the German
Securities Trading Act (WpHG) on the final results for the first six months
of 2012

  - Incoming orders of 90.9 million euros at the same level as the previous
    year (90.9 million euros million).

  - Sales revenue in the first half-year with 87.1 million euros rose
    slightly by 3% compared to the previous year (84.6 million euros)

  - Earnings before interest and taxes (EBIT) of 11.3 million euros
    (previous year: 10.6 million euros)

  - EBIT margin of 13.0% (previous year: 12.5%)

  - Outlook for 2012: Stable performance expected for sales and earnings

Wenden, 15. August 2012 - The elexis Group, the specialist for automated
measurement and control technology, drive technology and automated handling
technology, was not left unaffected by the general economic trend in the
first half of 2012, although it did benefit from a balanced product
portfolio with product areas with early and late cycles standing side by
side on an equal footing. In addition to this, the products and components
of elexis AG can be used in a range of industries and therefore even out
cyclical fluctuations.

Incoming orders, sales and earnings
As at the end of the first half of 2012, incoming orders were at 90.9
million euros at precisely the same level as the previous year (30 June
2011: 90.9 million euros). However, sales revenue rose slightly by 3%
compared to the previous year to 87.1 million euros (30 June 2011: 84.6
million euros). The elexis Group generated earnings before interest and
taxes (EBIT) of 11.3 million euros or 13.0% in the period under review.  In
the same period of the previous year the EBIT margin was 12.5% (EBIT: 10.6
million euros).

Performance of the divisions

In the High Quality Automation division, incoming orders as at the end of
the period under review were,  against the general economic trend, slightly
above the previous year's level at 77.5 million euros (30 June 2011: 75.0
million euros). The sales revenue follows at a later data and totalled 75.2
million euros as at the end of the first half year following 69.3 million
euros in the previous year. This equates to an increase of 9%.

Earnings before interest and taxes (EBIT) totalled as at 30 June 2012 11.5
million euros following 11.0 million euros in the same period of the
previous year. This equates to an EBIT margin of 15.3% (previous year:
15.9%). The High Quality Automation division's profits are therefore stable
and sustainable.

Incoming orders in the High Precision Automation division fell from 15.9
million euros in the previous year to 13.4 million euros as at 30 June
2012. Sales revenue fell compared to the same period of the previous year
by 22% and totalled 11.9 million euros (previous year: 15.3 million euros).

Despite the significant fall in sales, earnings were improved as at 30 June
2012 compared to the previous year. This reflected the positive effects of
the modularisation of products and industry focus, with particular
attention given to the medical technology industry. As at the end of the
first six months, the EBIT totalled 0.8 million euros following 0.9 million
euros in the previous year. This equates to an EBIT margin of 6.7%
(previous year: 5.9%).

In summary, the High Precision Automation division has been able to improve
its earnings in an environment of mixed economic conditions. However, the
internal target of an EBIT margin of at least 10% has not yet been
achieved.

Equity and other key performance indicators

The elexis Group has a solid financing structure and a high equity ratio of
57.0%. Cash flow totalled 8.6 million euros as at 30 June 2012 March
(previous year: minus 3.1 million euros). As at the end of the first half
of the year, the elexis Group's net liquidity totalled 21.6 million euros
(31 December 2011: 24.5 million euros; 30 June 2011: 9.8 million euros).

Outlook

The Kiel Institute for the World Economy (IfW) confirmed its outlook for
the whole of 2012 in its summer forecast. According to this, global
production should grow by 3.4% in the current year and 3.8% in 2013.
However, the German Engineering Federation still expects production to
stagnate in the current financial year.

For the 2012 financial year the Management Board expects that incoming
orders, sales revenue and profits will remain stable compared to the
previous year, although the second half of the year is expected to be down
on the first half.

The full interim report for the first six months of 2012 can be downloaded
in German and English at www.elexis.de.

Shares of elexis AG are listed in the Prime Standard of the Frankfurt Stock
Exchange (ISIN: DE 000 508 500 5).


15.08.2012 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language:     English
Company:      elexis AG
              Industriestraße 1
              57482 Wenden
              Germany
Phone:        +49 (0)2762 612 - 130
Fax:          +49 (0)2762 612 - 135
E-mail:       eicke@elexis.de
Internet:     www.elexis.de
ISIN:         DE0005085005
WKN:          508500
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Düsseldorf, Hamburg, Stuttgart
 
End of Announcement                             DGAP News-Service
 
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