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euromicron AG confirms forecast despite slow start to fiscal year 2015 - Seite 2
interim results for 2015 include subsequent amendments of the comparative
figures from 2014 due to the corrections of errors in the valuation of
projects from previous years. Furthermore, the comparative figures from
2014 were corrected due to flat-rate accruals that were formed. As Bettina
Meyer, Board spokeswoman for euromicron AG, explained, "By making these
amendments, we have completely finished processing the accounting errors
that were made in the past. At the same time, by taking the respective
measures, we have made certain that we will not repeat these types of
mistakes in the future."
In light of technological change, the Board will continue to pursue the
strategic alignment that euromicron AG has been pursuing in recent weeks.
"In contrast to our previously sales-oriented strategy, our approach is now
clearly cash- and earnings-oriented. Our objective here is to generate
higher value creation throughout the group via synergy effects between
technology and system suppliers," Meyer notes.
Considering the positive market signals, the Executive Board of euromicron
AG sees good chances for the business to develop as planned in 2015.
"Despite the somewhat weak start to fiscal year 2015, we still expect to
see a stable business development and confirm our forecast for fiscal year
2015 as a whole. Considering the cyclical course of business, we expect to
be able to generate a good portion of our results in the fourth quarter due
to our project and customer structure," explains Jürgen Hansjosten, a
member of the Executive Board of euromicron AG. Euromicron AG expects
nearly the same volume of sales as in 2014 of between EUR 340 million and
EUR 360 million. The operative EBITDA margin is expected to continue to
remain at a stable level of between 6% and 8%, and between 5% and 7% taking
the effects of reorganization measures into consideration.
The complete report for the first quarter of 2015 is available as of today
on the company's website under euromicron.de in the section entitled
"Investor Relations/Financial Publications."
___________________________________________________________________
euromicron AG (www.euromicron.de) is an all-round solution provider for
communications, transport, data and security. euromicron's network
infrastructures integrate voice, video and data transport wirelessly, via
copper cable and by means of fiber-optic technologies. euromicron builds
leading applications such as security, control, healthcare and surveillance
AG sees good chances for the business to develop as planned in 2015.
"Despite the somewhat weak start to fiscal year 2015, we still expect to
see a stable business development and confirm our forecast for fiscal year
2015 as a whole. Considering the cyclical course of business, we expect to
be able to generate a good portion of our results in the fourth quarter due
to our project and customer structure," explains Jürgen Hansjosten, a
member of the Executive Board of euromicron AG. Euromicron AG expects
nearly the same volume of sales as in 2014 of between EUR 340 million and
EUR 360 million. The operative EBITDA margin is expected to continue to
remain at a stable level of between 6% and 8%, and between 5% and 7% taking
the effects of reorganization measures into consideration.
The complete report for the first quarter of 2015 is available as of today
on the company's website under euromicron.de in the section entitled
"Investor Relations/Financial Publications."
___________________________________________________________________
euromicron AG (www.euromicron.de) is an all-round solution provider for
communications, transport, data and security. euromicron's network
infrastructures integrate voice, video and data transport wirelessly, via
copper cable and by means of fiber-optic technologies. euromicron builds
leading applications such as security, control, healthcare and surveillance
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