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Viscom AG continues positive business performance in third quarter of 2022; forecast for year adjusted

EQS-News: Viscom AG / Key word(s): 9 Month figures/Quarter Results
Viscom AG continues positive business performance in third quarter of 2022; forecast for year adjusted
10.11.2022 / 07:55 CET/CEST
The issuer is solely responsible for the content of this announcement.

Viscom AG continues positive business performance in third quarter of 2022; forecast for year adjusted


Incoming orders: € 81,008 thousand (previous year: € 67,728 thousand, +19.6%)
Order backlog: € 42,988 thousand (previous year: € 31,846 thousand, +35.0%)
Revenue: €
 66,958 thousand (previous year: € 54,820 thousand, +22.1%)
EBIT: €
 1,885 thousand (previous year: € 1,858 thousand, +1.5%)

 

Hanover, 10 November 2022 – Despite the challenging general economic environment, incoming orders at Viscom AG (ISIN DE0007846867) rose to € 81.0 million, the highest figure in the first three quarters since the company was founded, and an increase of 19.6 % on the previous year’s level (previous year: € 67.7 million). At € 67.0 million, revenue was 22.1 % higher than the previous year’s level (€ 54.8 million). The rise in staff costs and procurement prices has negatively affected earnings: As in the previous year, EBIT amounted to € 1.9 million (previous year: € 1.9 million). The EBIT-Margin was 2.8 % (previous year:
3.4 %).

Demand for Viscom inspection systems is undiminished. Besides X-ray systems, optical systems are still highly sought-after, especially in Europe. The gratifying incoming orders have resulted in an unusually high order backlog of € 43.0 million (previous year: € 31.8 million). Given the ongoing shortage of parts, Viscom is having to postpone the completion and delivery of machinery, which is in turn affecting revenue recognition. The shortages in global supply chains are increasingly affecting Viscom AG’s customers as well: Orders already placed have been delayed and, here too, revenue recognition has been deferred to a later date.

On the basis of the quarterly figures, which were still provisional at the time, and the assumption that market developments will remain positive – Viscom AG revised its forecast for the 2022 financial year on 20 October 2022. Management now anticipates incoming orders of between € 100 million and € 105 million (previously: between € 90 million and € 95 million) and revenue of between € 95 million and € 100 million (previously: between € 90 million and € 95 million) with an EBIT-Margin of 5 % to 8 % (previously: 5 % to 10 %). This translates into EBIT of between € 4.7 million and € 8.0 million (previously: € 4.5 million to € 9.5 million). Achieving this forecast for the 2022 financial year is being made more difficult by the overall economic situation and ongoing supply shortages. The inflation and interest concerns, not to mention the continuous rise in procurement prices, are likewise having a clearly negative impact on Viscom AG’s business. Moreover, reduced freight capacity has the potential to detrimentally affect revenue recognition. Nonetheless, management is confident and feels that the Viscom Group is well positioned to generate sustainable and profitable growth.

The interim Group report as at 30 September 2022 is available for download now in the Investor Relations section of the website at www.viscom.com.

KEY GROUP PERFORMANCE INDICATORS

 

Consolidated statement of comprehensive income

 

1 Jan. to 30 Sept. 2022

1 Jan. to 30 Sept. 2021

Revenue

K€

66,958

54,820

EBIT

K€

1,885

1,858

EBIT-Margin

%

2.8

3.4

Net profit for the period

K€

1,075

1,195

Earnings per share

0.12

0.13

Employees at end of quarter

 

551

464

Consolidated statement of financial position

 

30 Sept. 2022

31 Dec. 2021

Assets

 

 

 

Current assets

K€

75,702

67,469

Non-current assets

K€

31,430

31,224

Total assets

K€

107,132

98,693

Equity and liabilities

 

 

 

Current liabilities

K€

36,027

26,715

Non-current liabilities

K€

14,376

15,403

Equity

K€

56,729

56,575

Total equity and liabilities

K€

107,132

98,693

Equity ratio

%

53.0

57.3

Consolidated statement of cash flows

 

1 Jan. to 30 Sept. 2022

1 Jan. to 30 Sept. 2021

Cash flow from operating activities

K€

-3,463

-5,061

Cash flow from investing activities

K€

-3,770

-2,115

Cash flow from financing activities

K€

-3,957

-2,311

Cash and cash equivalents

K€

-17,035

-5,038

 
SEGMENT INFORMATION

 

 

 

1 Jan. to 30 Sept. 2022

1 Jan. to 30 Sept. 2021

EUROPE

 

 

 

Revenue

K€

32,166

34,072

EBIT

K€

-1,426

1,131

EBIT-Margin

%

-4.4

3.3

AMERICAS

 

 

 

Revenue

K€

11,459

6,744

EBIT

K€

1,345

189

EBIT-Margin

%

11.7

2.8

ASIA

 

 

 

Revenue

K€

23,333

14,004

EBIT

K€

1,651

543

EBIT-Margin

%

7.1

3.9

EBIT consolidation differences

K€

315

-5

 

 

 

About Viscom

Viscom AG develops, manufactures and sells high-quality inspection systems. Its portfolio covers the full range of optical inspection and X-ray inspection. The company is a leading global provider in the field of assembly inspection for electronics manufacturing. Viscom’s systems can be configured for each individual customer and networked. Its headquarters and manufacturing site are in Hanover. With a large network of branches, application centres, service centres and representatives, Viscom is represented all over the world. Established in 1984, Viscom AG has been listed on the Frankfurt Stock Exchange since 2006 (ISIN: DE0007846867). Further information can be found at www.viscom.com.

Any forecasts, expectations or statements concerning the future included in this release may be subject to risk or uncertainty. We therefore cannot guarantee that the expectations will prove correct. Actual results and developments may differ significantly from the expectations and assumptions expressed. The factors that could cause such deviations include changes in the general economic and competitive situation, exchange rate and interest rate fluctuations and changes in national and international law. The company assumes no obligation to update the forward-looking statements in this release.


Contact:
Viscom AG
Investor Relations
Sandra M. Liedtke
Carl-Buderus-Str. 9-15
30455 Hannover
Tel.: +49-511-94996-791
Fax: +49-511-94996-555
investor.relations@viscom.de


10.11.2022 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com

Language:

English

Company:

Viscom AG

Carl-Buderus-Str. 9-15

30455 Hannover

Germany

Phone:

+49 (0) 511 94 996 791

Fax:

+49 (0) 511 94 996 555

E-mail:

investor.relations@viscom.de

Internet:

www.viscom.de

ISIN:

DE0007846867

WKN:

784686

Listed:

Regulated Market in Frankfurt (Prime Standard), Hanover; Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange

EQS News ID:

1483179


 

End of News

EQS News Service

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