STRATEC Biomedical AG / Key word(s): Quarter Results/Interim Report STRATEC maintains growth course in first quarter of 2012 - Sales of EUR 25.6 million* in Q1/2012 (+15.5%; Q1/2011: EUR 22.2 million) - EBIT margin of 17.0%* in Q1/2012 (Q1/2011: 18.0%) - Consolidated net income of EUR 3.4 million in Q1/2012 (+15.6%; Q1/2011: EUR 3.0m) - Earnings per share of EUR 0.29 in Q1/2012 (+11.5%; Q1/2011: EUR 0.26)
- Publication of specific company forecast planned at the Birkenfeld, April 25, 2012 STRATEC Biomedical AG (Frankfurt: SBS; Prime Standard, TecDAX) today announced its figures for the period from January 1, 2012 to March 31, 2012 upon the publication of its interim report as of March 31, 2012.
* adjusted for a one-off item due to an earnings-neutral transfer of unfinished services and prepayments received of EUR 3.3 million due to the impairment of a development project. Unadjusted sales amounted to EUR 28.8 million and the resultant EBIT margin amounted to 15.1%.
Financial performance The company plans to specify and extend its current forecast, which provides for average annual sales growth (CAGR) of 17% in the 2011 to 2013 financial years, with an EBIT margin of at least 19% in 2012 and 2013, at the latest by its Annual General Meeting on May 16, 2012.
Project development Negotiations are currently underway for several additional new projects, and have reached advanced stages in some cases. Although it is very difficult to forecast the timing of new contracts, STRATEC expects to be able to report on further deals in the coming months.
Other developments The company's Annual General Meeting is due to be held in Pforzheim/Germany on May 16, 2012. The Board of Management and Supervisory Board have proposed a 10% increase in the dividend to EUR 0.55 per share.
Development in staff totals
Outlook Further details can be found in our Interim Report as of March 31, 2012 published at www.stratec.com > Investor Relations > IR News > Financial Reports.
About STRATEC Shares in the company (ISIN: DE0007289001) are traded in the Prime Standard segment of the Frankfurt Stock Exchange and are listed in the TecDAX select index of the German Stock Exchange.
Further information can be obtained from: End of Corporate News 25.04.2012 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
Language: | English | |
Company: | STRATEC Biomedical AG | |
Gewerbestr. 37 | ||
75217 Birkenfeld | ||
Germany | ||
Phone: | +49 (0)7082 7916 0 | |
Fax: | +49 (0)7082 7916 999 | |
E-mail: | info@stratec.com | |
Internet: | www.stratec.com | |
ISIN: | DE0007289001 | |
WKN: | 728900 | |
Indices: | TecDAX | |
Listed: | Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, München, Stuttgart | |
End of News | DGAP News-Service |
166448 25.04.2012 |