UK markets open in 7 hours 29 minutes
  • NIKKEI 225

    27,725.16
    -210.46 (-0.75%)
     
  • HANG SENG

    23,658.92
    +183.66 (+0.78%)
     
  • CRUDE OIL

    66.36
    +0.79 (+1.20%)
     
  • GOLD FUTURES

    1,782.30
    -2.00 (-0.11%)
     
  • DOW

    34,022.04
    -461.68 (-1.34%)
     
  • BTC-GBP

    42,981.37
    -424.77 (-0.98%)
     
  • CMC Crypto 200

    1,451.36
    -17.72 (-1.21%)
     
  • ^IXIC

    15,254.05
    -283.64 (-1.83%)
     
  • ^FTAS

    4,089.19
    +63.32 (+1.57%)
     

Viscom AG: Viscom enjoys upturn and raises forecast for current financial year

  • Oops!
    Something went wrong.
    Please try again later.
·6-min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.

DGAP-News: Viscom AG / Key word(s): 9 Month figures
11.11.2021 / 07:55
The issuer is solely responsible for the content of this announcement.

Viscom enjoys upturn and raises forecast for current financial year

Revenue: € 54,820 thousand (previous year: € 41,563 thousand)
Incoming orders: € 67,728 thousand (previous year: € 42,092 thousand)
Order backlog: € 31,846 thousand (previous year: € 16,468 thousand)
EBIT: € 1,858 thousand (previous year: € -6,964 thousand)


Hanover, 11 November 2021 - Viscom AG (ISIN DE0007846867) has begun rapidly pulling out of the pandemic dip and generated incoming orders of € 67.7 million in the first nine months of the financial year. This represents a substantial rise of around 61 % on the same period of the previous year (previous year: € 42.1 million). Incoming orders in the third quarter of 2021 alone came to € 22,251 thousand (previous year: € 16,788 thousand), a 1.3-fold increase on the same period of the previous year. This increase in incoming orders reflects the ongoing economic upturn and the positive economic development. Global demand for products has recovered faster than expected and important raw materials and preliminary products, for which extraction and production were ramped again after the pandemic only following a delay, are creating supply chain bottlenecks. The mechanical engineering firm from Lower Saxony is also affected by these supply issues. Ensuring the supply of parts to meet the delivery dates for inspection systems to Viscom customers is a huge challenge. The company is collaborating closely with its suppliers and customers and building up its inventories as a preventative measure to ensure that it can still deliver at short notice.

The rise in incoming orders reflects the success of the new iX7059. With its iX7059 product family, Viscom is setting new standards for fast, high-precision inline x-ray inspection. The optional, special transport system allows for the smooth handling of inspection objects on workpiece carriers or in solder frames of up to 40 kg - unique and hugely advantageous for the trendy areas of e-mobility, new energies and telecommunications. Viscom customers, too, are impressed. The Group has already received orders and many enquiries for the iX7059 Heavy Duty, including from existing customers, who are clearly in the midst of an e-mobility transformation. There is also considerable customer demand for the iX7059 Device Inspection, which has already been translated into very specific projects, which in turn result in additional customer orders. Many new contacts were established on the developing market for battery cell inspection, which promise further incoming orders next year.

Good incoming orders resulted in a higher order backlog of € 31.8 million (previous year: € 16.5 million), creating very good production capacities for the months ahead. Revenue amounted to € 54.8 million, representing a year-on-year increase of about 32 % (previous year: € 41.6 million). EBIT is comfortably in positive territory at € 1.9 million (previous year: € -7.0 million) with an EBIT-Margin of 3.4 % (previous year: -16.8 %). Net profit for the period amounted to € 1,195 thousand (previous year: € -7,181 thousand).

Viscom AG revised its forecast for the 2021 financial year on 20 October 2021 on the basis of the quarterly figures available, which were still provisional at this time. The management now anticipates target revenue and incoming orders of € 75 to € 85 million (previously: between € 70 and € 80 million) with an EBIT-Margin of 3 % to 9 % (previously: 3 % to 9 %). This translates into EBIT of between € 2.3 and € 7.7 million (previously: € 2.1 to € 7.2 million). Encouraging figures reflect increasing momentum in Viscom AG's business. Nevertheless, Viscom AG is also affected by supply chain bottlenecks, which could result in delays in revenue recognition. Despite this, the management believes the Viscom Group is well positioned to return to sustainable and profitable growth.

The Group Interim Report as at 30 September 2021 is now available to download in the Company/Investor Relations section of the company's website at www.viscom.com.

 

OPERATING FIGURES

Consolidated statement of comprehensive income

 

1 Jan. to 30 Sep. 2021

1 Jan. to 30 Sep. 2020

Revenue

K€

54,820

41,563

EBIT

K€

1,858

-6,964

EBIT-Margin

%

3.4

-16.8

Net profit for the period

K€

1,195

-7,181

Earnings per share

0.13

-0.81

Employees at end of quarter

 

464

467

Consolidated statement of financial position

 

30 Sep. 2021

31 Dec. 2020

Assets

 

 

 

Current assets

K€

61,677

52,541

Non-current assets

K€

28,513

28,060

Total assets

K€

90,190

80,601

Equity and liabilities

 

 

 

Current liabilities

K€

22,299

15,213

Non-current liabilities

K€

12,968

12,179

Equity

K€

54,923

53,209

Total shareholders' equity and liabilities

K€

90,190

80,601

Equity ratio

%

60.9

66.0

Consolidated statement of cash flows

 

1 Jan. to 30 Sep. 2021

1 Jan. to 30 Sep. 2020

Cash flow from operating activities

K€

-5,061

6,924

Cash flow from investing activities

K€

-2,115

-2,163

Cash flow from financing activities

K€

-2,311

-2,726

Cash and cash equivalents

K€

-5,038

2,993

 

 

SEGMENT INFORMATION

 

 

1 Jan. to 30 Sep. 2021

1 Jan. to 30 Sep. 2020

EUROPE

 

 

 

Revenue

K€

34,072

29,852

EBIT

K€

1,131

-6,640

EBIT-Margin

%

3.3

-22.2

AMERICAS

 

 

 

Revenue

K€

6,744

6,670

EBIT

K€

189

624

EBIT-Margin

%

2.8

9.4

ASIA

 

 

 

Revenue

K€

14,004

5,041

EBIT

K€

543

-76

EBIT-Margin

%

3.9

-1.5

EBIT consolidation differences

K€

-5

-872

 

 

About Viscom
Viscom AG develops, manufactures and sells high-quality inspection systems. Its product range 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


11.11.2021 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.
Archive at www.dgap.de

Language:

English

Company:

Viscom AG

Carl-Buderus-Str. 9-15

30455 Hannover

Germany

Phone:

+49 (0) 511 94 996 861

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:

1247871


 

End of News

DGAP News Service

show this
show this
Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting