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euromicron AG publishes 2015 Annual Report and outlook for 2016 - Seite 2
streamlined by merging of the intermediate holding companies, while
loss-making and not strategically relevant enterprises were eliminated from
the investment portfolio. The 14 operating subsidiaries were pooled in the
segments "Smart Buildings", "Critical Infrastructures" and "Distribution".
One of the most important measures was the foundation of euromicron
Deutschland GmbH, which operates as a system integrator in the segment of
"Smart Buildings" and caters nationwide for the German market.
All the stated reorganization measures were absolutely necessary to
reposition euromicron as a technology group for the future. The negative
impact on earnings from these reorganization measures was EUR13.2 million,
a figure that includes EUR6.3 million in non-cash charges. The reported
EBITDA was thus EUR6.9 million.
In fiscal 2016, the company will gear its core business to the target
markets of "Digital Buildings", "Critical Infrastructures" and "Smart
Industry". These markets demand holistic solutions so that formerly
autonomous technologies and infrastructures are able to interact. "The
realignment means we can develop new digital IoT solutions thanks to
synergies between our system integrators and technology companies. We feel
sure these solutions will help boost our profitability lastingly," states
Jürgen Hansjosten from euromicron's Executive Board.
The reorganization measures will have positive effects on operating
business as early as the current year. The Executive Board expects moderate
sales growth in the medium single-digit percentage range and an operating
EBITDA margin between 4.5 % and 5.5 % for fiscal 2016. Jürgen Hansjosten is
convinced the Group will reap success in the medium term as well: "We aim
to achieve average annual sales growth of 5 % to 6 % and return to our
medium-term EBITDA target corridor of 8 % to 11 % by 2018."
The full 2015 Annual Report is available as of today on the company's
website at euromicron.de in the section "Investor
Relations/Publications/Financial Reports". The company is expected to
publish its report on the first quarter of 2016 in mid-May 2016.
___________________________________________________________________
euromicron AG (www.euromicron.de) unites medium-sized high-tech companies
from the fields of Digital Buildings, Critical Infrastructures and Smart
Industry. As a German specialist for the Internet of Things, euromicron
enables its customers to network business and production processes and
successfully move to a digital future. From design and implementation,
operation, to related services - euromicron implements customized solutions
and creates the IT, network and security infrastructures required for them.
markets of "Digital Buildings", "Critical Infrastructures" and "Smart
Industry". These markets demand holistic solutions so that formerly
autonomous technologies and infrastructures are able to interact. "The
realignment means we can develop new digital IoT solutions thanks to
synergies between our system integrators and technology companies. We feel
sure these solutions will help boost our profitability lastingly," states
Jürgen Hansjosten from euromicron's Executive Board.
The reorganization measures will have positive effects on operating
business as early as the current year. The Executive Board expects moderate
sales growth in the medium single-digit percentage range and an operating
EBITDA margin between 4.5 % and 5.5 % for fiscal 2016. Jürgen Hansjosten is
convinced the Group will reap success in the medium term as well: "We aim
to achieve average annual sales growth of 5 % to 6 % and return to our
medium-term EBITDA target corridor of 8 % to 11 % by 2018."
The full 2015 Annual Report is available as of today on the company's
website at euromicron.de in the section "Investor
Relations/Publications/Financial Reports". The company is expected to
publish its report on the first quarter of 2016 in mid-May 2016.
___________________________________________________________________
euromicron AG (www.euromicron.de) unites medium-sized high-tech companies
from the fields of Digital Buildings, Critical Infrastructures and Smart
Industry. As a German specialist for the Internet of Things, euromicron
enables its customers to network business and production processes and
successfully move to a digital future. From design and implementation,
operation, to related services - euromicron implements customized solutions
and creates the IT, network and security infrastructures required for them.
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