DGAP-News

euromicron creates the conditions for successful completion of the Agenda 500 and further growth

DGAP-News: euromicron AG / Key word(s): Interim Report
euromicron creates the conditions for successful completion of the
Agenda 500 and further growth

09.05.2014 / 07:00

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- Consolidated sales of around EUR80.1 million
- Consolidated EBITDA margin within the planned target corridor at 6.1%
- Record order books of around EUR145.1 million
- New orders increase by almost 20% to EUR98.7 million

Frankfurt/Main, May 9, 2014 - On the back of record order books, euromicron
continued the Agenda 500 as planned in the first quarter of 2014 and at the
same time began to press ahead with expanding and enhancing the Group's
structures, processes and financial and human resources as the basis for
further growth. The company is thereby creating the conditions for
successful completion of the integration phase by the end of the year and
subsequent transitioning of the Agenda 500 measures to a continuous
improvement process.

Order situation at the Group The deferred orders from 2013 are already
being reflected in far higher order books in the first quarter of 2014 and
resulting in high capacity utilization in the Group's manufacturing
operations. Investment tends to be restrained in system house business,
with a result that a large part of the projects on the company's order
books since 2013 is still only being called off hesitantly. This trend at
the beginning of the year is also reflected in the company's order books:
The euromicron Group recorded record order books totaling some EUR145.1
million, an increase of around 10% over the previous year (EUR132.4
million), which mainly comes from system house business. Order books from
all areas of the Group for the first three months of 2014 were EUR98.7
million, almost 20% up on the previous year (EUR82.4 million).

Consolidated sales and earnings The costs of the extensive integration
measures that were initiated in the second half of 2013 and reached their
maximum volume in the fourth quarter of 2013 continued to impact earnings
in the first quarter of 2014 as planned, despite a decline in the
integration measures. On the back of an increase in sales of 3.5% to
EUR80.1 million (same quarter of the previous year: EUR77.3 million), that
resulted in earnings before interest and taxes (EBIT) of just over EUR2.3
million in the first three months of 2014 compared with EUR4.1 million in
the first quarter of 2013, which was not so heavily burdened by integration