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euromicron Aktiengesellschaft communication & control technology: euromicron AG publishes report on the first quarter of 2016

DGAP-News: euromicron Aktiengesellschaft communication & control technology
/ Key word(s): Quarterly / Interim Statement
euromicron Aktiengesellschaft communication & control technology: euromicron
AG publishes report on the first quarter of 2016

10.05.2016 / 07:00
The issuer is solely responsible for the content of this announcement.

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- Start of the transformation phase - continued implementation of the
Group's new strategy and accomplishment of the innovation processes

- Sales of EUR 65.2 million and so down on the previous year especially as
a result of the discontinuation of non-strategic business segments and
knock-on effects from the reorganization

- Operating EBITDA of EUR -1.0 million within the Group's planning

- New orders 12% and order books 4% up year on year

- Forecast for the year as a whole confirmed

Frankfurt/Main, May 10, 2016 - euromicron AG, a medium-sized high-tech
group and specialist for the Internet of Things (IoT), is today publishing
its report on the first quarter of 2016. Under the reorganization that was
completed in 2015, the company had laid the foundation for the Group's
future, orienting it toward profitable growth. As part of the
transformation phase that has now commenced, euromicron aims to gear its
core business to the target markets of "Digital Buildings", "Smart
Industry" and "Critical Infrastructures" by 2017. Bettina Meyer,
Spokeswoman of the Executive Board of euromicron AG, comments: "The first
quarter was significantly impacted by knock-on effects from the
restructuring in 2015. As expected, operating business still exhibited
differing trends in the first three months of the year of transformation
2016. At the same time, we can see that with implementing the Group's new
strategy euromicron is on the right track."

Consolidated sales in the first quarter of 2016 were EUR65.2 million and so
down on the previous year's figure of EUR 74.6 million. This decline in
consolidated sales in the period under review is mainly due to the fact
that non-strategic business segments were discontinued at the end of fiscal
2015. In addition, the restrictive acceptance of large projects with a
higher risk, as well as knock-on effects from the reorganization, impacted
sales in the first quarter of 2016. That related in particular to
euromicron Deutschland GmbH. The even lower sales base compared to the
previous year consequently affected operating earnings before interest,
taxes, depreciation and amortization (EBITDA), which were EUR -1.0 million
in the period under review (previous year: EUR 1.4 million). However, there