Digital Identification Solutions AG: 2011FY results

Digital Identification Solutions AG  / Key word(s): Final Results

25.04.2012 12:20

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Stuttgart, April 25, 2012 - Digital Identification Solutions AG (DISO), a
leading international ID solutions provider, approved the 2011FY results.
The figures reflect also the deconsolidation of the subsidiary vps ID
Systeme, sold in March 2012.

2011 Total revenues: EUR 28.2 Million (+17.3% yoy)
2011 EBITDA: EUR 1.2 Million (was negative for EUR0.4m in 2010)
2011 EBIT: EUR 0.7 Million (was negative for EUR1.0m in 2010)

DISO AG (D7S.GR) approved the consolidated 2011 results, which were drafted
deconsolidating the subsidiary vps, sold in March 2012, also reclassifying
2010 figures accordingly for comparison purposes.

In 2011, the DISO Group managed to increase the revenues by 20.1% yoy, and
for the first time since 2007 again with a profit before tax; 2011 recorded
also the highest EBITDA and EBIT margin for the company.
Cost of materials grew in line with the increase of sales, with gross
margin remaining quite stable at around 36%. Other cost decreased 6% yoy.

Data in EUR/000                               2011       2010       %
Total revenues                                  27,538     22,931     20.1
Other operating income                             580        740    -21.6
Internally produced and capitalised assets         117        391    -30.0
Total Income                                    28,235     24,062     17.3
Cost of materials                              -17,659    -14,490     21.9
Personnel cost                                  -5,249     -4,961      5.8
Other operating costs                           -4,142     -5,000    -17.2
Total cost                                     -27,050    -24,451     10.6
EBITDA                                           1,185       -389
Amortisation and provisions                       -456       -589
EBIT                                               729       -978
Interest expenses                                  -60        -25
Profit Before Tax                                  669     -1,003
Income tax                                        -473       -342
Deferred tax                                      -650         87
Net profit/loss from continued operations         -454     -1,258


Profit before tax is EUR 0.7 Million; income tax refers to the cash
component of taxation, whereas the EUR 0.65 Million of deferred tax is the
reversal of the accruals of the precedent years due to losses carried
forward.

Sandro Camilleri, DISO Group's CEO, commented: 'We are pleased with the
figures which, if on the one side are affected by some one-off items such
as the reversal of the deferred taxation, on the other show without any
doubt the important recovery of the profitability of the Group'.

About Digital Identification Solutions
The Digital Identification Solutions Group (D7S.GR) is a global provider of
advanced identification solutions with a worldwide install base of more
than 11,000 systems. In October 2009, the Group introduced to the world
market the latest EDIsecure(R) XID Retransfer Printer generations for
distinct Business Line segments, as well as a much enhanced Professional
Line Portfolio in combination with new Inline Lamination Modules. The
Professional Line Portfolio will support multiple new modules in the
forthcoming future, as well as the revolutionary LCP 9000 Laser Color
Personalization System. The company has its own sales, marketing, logistic
and support centers in Germany, the United Arab Emirates, Singapore, China,
the United States and Mexico. Together with its vast network of certified
partners, Digital Identification Solutions is in a position to deliver
state-of-the-art solutions virtually anywhere in the world. The company
combines cutting-edge technology, extensive industry know-how and an
impressive array of references in the private and public sector.

For further information please visit www.digital-identification.com


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Information and Explaination of the Issuer to this News:

CONTACTS

Fabrizio Armone
Chief Financial Officer

Digital Identification Solutions AG
Teckstrasse 52
D-73734 Esslingen

Phone: +49 (711) 341 689-0
Fax: +49 (711) 341 689-550
mail_ir@digital-identification.com

25.04.2012 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
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Language:     English
Company:      Digital Identification Solutions AG
              Teckstraße 52
              73734 Esslingen
              Germany
Phone:        +49 (0)711 341 689 0
Fax:          +49 (0)711 341 689 550
E-mail:       mail_ir@digital-identification.com
Internet:     www.digital-identification.com
ISIN:         DE000A0JELZ5
WKN:          A0JELZ
Listed:       Freiverkehr in Berlin, Düsseldorf, München, Stuttgart; Entry
              Standard in Frankfurt
 
End of Announcement                             DGAP News-Service
 
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