euromicron AG: Top start to the first quarter of 2012 after acquisition of telent paves the way for further sustainable growth

Press Release

Top start to the first quarter of 2012 after integration of telent paves the way for further sustainable growth

- Consolidated sales increase by 40% to EUR80.5 million
- EBIT rises by 38% to EUR5.7 million
- Orders books up 14% to EUR134.0 million
- A dividend of EUR1.15 planned

Frankfurt/Main, May 11, 2012 - The euromicron Group has made successful advances in integrating telent GmbH in the first three months of fiscal 2012 and so continued its business policy geared toward sustainable growth. The increase in net sales in the first quarter has laid the foundation for achieving the operational target of EUR330 to EUR345 million in 2012.

Consolidated sales euromicron posted consolidated sales of around EUR80.5 million at March 31, 2012, around 40% up on the level of the previous year (EUR57.5 million). This positive trend is due not only to organic growth, but also the contribution made to consolidated sales by telent GmbH, which was acquired on June 7, 2011. euromicron's total operating performance rose from EUR58.4 million to EUR83.8 million year-on-year.

Consolidated income Consolidated EBIT at the end of the first quarter of 2012 was around EUR5.7 million (previous year: EUR4.1 million), an almost 38% percent increase on the previous year and giving an EBIT return of 7.1% relative to sales. EBITDA rose by just under 45% from EUR5.2 million to EUR7.5 million. Net profit for the period was EUR3.4 million (previous year: EUR2.4 million), giving undiluted earnings per share of EUR0.50, compared with EUR0.46 in the same period of the previous year, despite the issue of around 1.5 million new shares in 2011.

Order situation at the Group euromicron posted new orders of EUR87.5 million in the first three months of fiscal 2012, 36% up on the previous year (EUR64.1 million). Order books were EUR134.4 million (previous year: EUR117.6 million), likewise well up on the previous year. We are not currently aware of any risks from significant project delays or postponements.

Balance sheet structure The euromicron Group's total assets at March 31, 2012, were EUR270.6 million, up by EUR4.9 million from December 31, 2011 (EUR265.7 million).

Personnel 1,595 persons were employed by the euromicron Group as of March 31 of fiscal 2012. Personnel costs totaled EUR21.1 million (previous year: EUR14.4 million).

Equity Equity at March 31, 2012, was EUR123.5 million, around EUR3 million above the level stated in the 2011 financial statements. The equity ratio was 45.6%.

euromicron's share euromicron's share started the first quarter of 2012 at a price of EUR16. As of mid-February, it again reached EUR20.00 and stabilized from then on at a level of between EUR21 and EUR22. After admission of euromicron's share to the TecDAX on March 19, 2012, and publication of the financial statements for the record fiscal year 2011, the price even went up to EUR23.00. Toward the end of the first quarter of 2012, the share settled at a level of approximately EUR22. Against this backdrop, a number of analysts believe a upside target of more than EUR30 to be realistic.
The Executive Board and Supervisory Board will propose to the General Meeting on May 25, 2012, to distribute EUR1.15 per share in line with the company's continuous dividend policy.

Outlook The continuing high demand for state-of-the-art infrastructure solutions in Germany also indicates that the company will perform well in 2012. There is currently no 'killer technology' on the horizon which might make expansion of broadband networks superfluous. euromicron has established itself as the specialist in Germany for planning, installing, maintaining and providing service for these high-performance smart networks. Whereas the need to have a broadband supply is becoming a standard requirement for municipalities, companies and citizens, a demand euromicron actively supports with installation of this infrastructure, work is already being carried out alongside this on the 'Internet of Things'. That means euromicron will continue to target and tackle future-oriented projects in key growth markets and occupy high-margin niches there in the next phase of its development.

At the same time, the main focus in the year of integration 2012 will be on further optimization of the corporate and personnel structures of the euromicron Group. As part of this, the company will carry on with its continuous improvement process, in which employees will be qualified further, costs structures optimized and the customer-centric corporate culture befitting a medium-sized enterprise complemented with advantageous elements of a group organization. 'All these measures will enable us to keep our target EBIT return at the Group level stable at 8-11%,' says Dr. Späth, Chairman of the Executive Board. 'On the basis of our extensive business model, the large number of synergy effects that can be leveraged in the Group and our solid basis for financing, in conjunction with an equity base that remains good, we believe we are excellently equipped to achieve our targets in the coming years.'

You can find the Q1/2012 Interim Report as of March 11, 2012, on our homepage at http://www.euromicron.de/finanzberichte.

euromicron AG (www.euromicron.de) is an all-round solution provider for communications, transport, data and security networks. euromicron's 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 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.

Contact:
euromicron AG
Investor & Public Relations
Speicherstr. 1
60327 Frankfurt/Main
Germany
Phone: +49 (0)69-631583-0
Fax: +49 (0)69-631583-17
E-mail: IR-PR@euromicron.de
http://www.euromicron.de
ISIN DE000A1K0300
Securities identification number A1K030