DATA MODUL Aktiengesellschaft Produktion und Vertrieb von elektronischen Systemen

  • WKN: 549890
  • ISIN: DE0005498901
  • Land: Deutschland

Nachricht vom 09.08.2019 | 08:00

DATA MODUL Aktiengesellschaft Produktion und Vertrieb von elektronischen Systemen: DATA MODUL revenue and earnings below expectations for the second quarter

DGAP-News: DATA MODUL Aktiengesellschaft Produktion und Vertrieb von elektronischen Systemen / Key word(s): Half Year Results

09.08.2019 / 08:00
The issuer is solely responsible for the content of this announcement.


DATA MODUL revenue and earnings below expectations for the second quarter
 

- Revenue decline of 17.9% to 51.2 million euros

- Orders received down 25.8% year-on-year to 52.7 million euros

- EBIT impacted more sharply than revenue at 8.9 million euros
 

Munich, August 9, 2019. After a strong start to the year, a difficult economy and challenging market conditions in the second quarter have meant that DATA MODUL has been unable to keep revenue and earnings at the same high level. Revenues have fallen 17.9% versus the same quarter last year, down by 51.2 million euros. Orders received are down 25.8% to 52.7 million euros for the second quarter, as compared to 71.0 million euros for Q2 last year. A 2.6% increase in order backlog from 132.3 million euros to 135.6 million euros resulted from a significant shift in delivery dates for customers across all sectors and regions. EBIT fell to 3.8 million euros on declining business activity, down 24.8% from 5.1 million euros for the second quarter of 2018. EBIT margin was thus slightly lower year-on-year at 7.5% (previous year 8.2%).

DATA MODUL AG published its revenue and earnings figures in an ad-hoc release on August 6, 2019, which were significantly lower year-over-year.


Group Key Figures

in kEUR   Q2 2019   Q2 2018   Change
Revenue   51,200   62,368   - 17.9%
Orders received   52,664   70,975   - 25.8%
Order backlog   135,631   132,257   2.6%
EBIT   3,835   5,098   - 24.8%
EBIT margin   7.5%   8.2%   - 8.5%
Net profit for the period   2,576   3,270   -21,2%
Earnings per share (in euros)   0.73   0.92   -21,2%


Outlook

General economic conditions have had considerable negative impact for DATA MODUL's business in 2019. The Company is responding to these challenges by introducing systematic measures across all areas to prudently cut costs, shift investment and reduce staff levels while keeping longer-term business objectives in focus.



09.08.2019 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.

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