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artec technologies AG

  • WKN: 520958
  • ISIN: DE0005209589
  • Land: Deutschland

Nachricht vom 18.04.2016 | 09:02

artec technologies AG publishes 2015 financial statements

DGAP-News: artec technologies AG / Key word(s): Final Results

2016-04-18 / 09:02
The issuer is solely responsible for the content of this announcement.

artec technologies AG publishes 2015 financial statements

+ Clearly improved operating cash flow of EUR 1.0 million and free cash flow of EUR 0.2 million
+ Strong increase in sales and operating result
+ High equity ratio rose again from 84.1% to 92.1%
+ Outlook for 2016: Solid sales and profit growth as well as investments in the future
+ Capital increase to accelerate growth successfully completed in March 2016

Diepholz/Bremen - 18 April 2016: Today, artec technologies AG (ISIN DE0005209589), a specialist for the storage and evaluation of real-time information from diverse sources from TV to the Internet, published its 2015 financial statements and confirmed the preliminary figures. The company's sales and operating result increased strongly in 2015. Moreover, artec reported a high equity ratio and generated a positive free cash flow. The company is also optimistic about 2016 - and beyond.

In 2015, artec's sales rose by 42.4% from EUR 2.4 million to EUR 3.5 million, while total output climbed 38% from EUR 2.89 million to EUR 4.0 million. The positive operating performance was supported by all business segments, as artec benefited from high demand in both the video security technology segment and the media and broadcast segment. artec's profits increased sharply, with earnings before interest, taxes, depreciation and amortisation (EBITDA) up from EUR 0.49 million to EUR 1.0 million and EBIT up from EUR 0.11 million to EUR 0.64 million. Earnings before taxes increased from EUR 0.11 million to EUR 0.64 million. Earnings after taxes amounted to EUR 0.46 million in 2015, compared to EUR 0.52 million in 2014 due to special tax effects.

artec's operating cash flow improved significantly from EUR 0.23 million to EUR 0.97 million in 2015. After EUR 0.0 in 2014, the company generated a positive free cash flow of EUR 0.24 million in the reporting period. As a result of the positive business trend, artec's already high equity ratio rose again from 84.1% to 92.1%.

Outlook for 2016: Solid sales and earnings growth as well as investments in the future

"After our success in 2015, we want to continue our profitable growth in the current year and also make some important investments," says Thomas Hoffmann, CEO of artec technologies AG. "With our security, IPTV and big data technology, we operate in very exciting markets. This is also reflected by the current acquisition activities in the broadcast and video security industries. In order to tap growth opportunities even more consistently, we will increase our headcount significantly in 2016. This will enable us to handle more - and larger - orders and to consolidate our technological leadership." With the successful capital increase completed in March 2016, the company has already secured the financing of this growth.

artec expects solid sales and profit growth in 2016 and the investments to be made in the current financial year to accelerate growth in 2017 and 2018.

About artec technologies AG
artec technologies AG is a specialist for the storage and evaluation of real-time information generated from TV, radio, internet TV and other sources such as social media (Big Data Analysis). The listed company based in Diepholz, Germany, develops and produces innovative software and system solutions for the transmission, recording and analysis of video, audio and metadata in networks and on the Internet. Since 2000, customers have used the product platforms MULTIEYE(R) for high definition video security solutions as well as XENTAURIX(R) for media & broadcast streaming and recording applications. artec customers benefit from a complete service (project planning, commissioning, service & support) for both standardized products and special developments. For more information, please visit www.artec.de

Press and investor relations contact:
artec technologies AG:
Fabian Lorenz
E-mail: Investor.relations@artec.de
Tel.: +49 (0) 5441 5995-16
Fax: +49 (0) 5441-599570

2016-04-18 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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