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euromicron AG publishes 2015 Annual Report and outlook for 2016

DGAP-News: euromicron Aktiengesellschaft communication & control technology
/ Key word(s): Final Results
euromicron AG publishes 2015 Annual Report and outlook for 2016

24.03.2016 / 07:00
The issuer is solely responsible for the content of this announcement.

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- Consolidated sales (EUR345 million) and operating EBITDA margin (4 %)
within forecast range

- Reorganization costs of EUR13.2 reduce earnings in 2015

- Strategic realignment toward the future market of the Internet of Things

- Working capital ratio improved by 1.4 percentage points

- Cash flow from operating activities increased by EUR3.1 million to EUR6.1
million

- Outlook for 2016: Increase in operating profitability expected

Frankfurt/Main, March 24, 2016 - euromicron AG, a medium-sized high-tech
group and specialist for the Internet of Things, is today publishing its
Annual Report for the fiscal year 2015. After the discovery of mistakes in
and correction of the consolidated financial statements for 2012 and 2013
and the departure of the former management, the new Executive Board
conducted a comprehensive analysis of the Group's economic situation and
immediately took incisive measures to put the Group on a sustainable and
forward-looking footing and lay the basis for solid earnings strength
moving ahead.

Sales in fiscal 2015 were EUR344.9 million, almost at the level of the
previous year (EUR346.3 million) despite the reorganization. Before the
non-recurring special effects of the reorganization, which reduced the
EBITDA margin by 2.0 %, the Group posted an operating EBITDA of EUR13.8
million, giving an EBITDA margin of 4.0 %.

Bettina Meyer, Spokeswoman of the Executive Board, comments: "2015 was one
of the toughest years in our company's history. Despite the numerous
challenges, we achieved our stated objective of sales of EUR340 to EUR360
million and an operating EBITDA margin of between 4 % and 5 %. We're by no
means satisfied with that. That's why we also accepted necessary reductions
in earnings so as to be able to be profitable again in future with our
realigned euromicron. We've achieved initial successes in one of our key
areas of focus, namely improving our cash flow from operating activities:
The working capital ratio is 17.8 %, well below the previous year's figure
of 19.2 %, while the cash flow from operating activities is EUR6.1 million
and so well up on last year's EUR3.0 million."

In connection with the reorganization, the Group's structure was