DGAP-News

Vtion Wireless Technology AG reports a further decline of revenues and EBIT - Seite 2

on specific-use products that generally command higher selling prices such
as the wireless data module to transmit transaction data to tax
authorities. Currently, we are in the exploratory phase, but will likely
introduce new products in 2016 at the earliest", says Vtion's CEO Chen
Guoping.

Although the Management was able to reduce the cost of sales by 47 per cent
to EUR 15.0 million year-on-year, the company's EBIT decreased by 93 per
cent to around EUR 0.2 million due to the lower revenues. Compared with the
same period 2014, EBIT margin decreased by 7 percentage points to 1 per
cent. This resulted from a decrease of the overall gross profit margin and
an increase of ratios of operating expenses to total sales. As of September
30, 2015, Vtion's cash and cash equivalents amounted to EUR 141.9 million.

Vtion expects the operational difficulties to continue in the remaining
year 2015. The secular slowdown in the Chinese economy and headwinds to the
company's core business are likely to continue. Therefore the Management
Board expects the revenues to be somewhere around EUR 20 million with an
EBIT margin of approximately 1.2 per cent for 2015.

About Vtion

The Vtion Group is a supplier of wireless data terminals and associated
services for the mobile use of computers via broadband wireless networks in
the People's Republic of China. Vtion Wireless Technology AG was
established in 2002 and currently has 69 employees. The shares are being
traded in the Prime Standard on the Frankfurt Stock Exchange with the ISIN
DE000CHEN993. The company's ticker symbol is V33.

For further information, please contact:
Kirchhoff Consult AG
Andreas Friedemann, phone: [phone], mail:
[e-mail]
or visit the company website: www.vtion.de

Disclaimer concerning prognoses
This communication contains forward-looking statements. Forward-looking
statements are statements that are not historical facts instead they
reflect Vtion's current views and expectations and the assumptions
underlying them about future events. Forward-looking statements are subject
to many risks and uncertainties. If any of such risks and uncertainties
materialise or if the assumptions underlying any of Vtion's forward-looking
statements are proving to be incorrect, Vtion's actual results may be
materially different from those expressed or implied by such
forward-looking statements. Vtion does not intend or assume any obligation
to update these forward-looking statements. Any forward-looking statement
speaks only as of the date on which it is made.


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Language: English
Company: Vtion Wireless Technology AG
Westhafenplatz 1 (Westfalen Tower)
60327 Frankfurt
Germany
Phone: [phone]
Fax: [phone]
E-mail: [e-mail],[e-mail]
Internet: www.vtion.de
ISIN: DE000CHEN993
WKN: CHEN99
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
Stuttgart


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419717 30.11.2015