DGAP-News

euromicron AG: euromicron AG publishes 2016 Annual Report and outlook for 2017

DGAP-News: euromicron AG / Key word(s): Final Results euromicron AG: euromicron AG publishes 2016 Annual Report and outlook for 2017 29.03.2017 / 07:00 The issuer is solely responsible for the content of this announcement.

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• Operating EBITDA margin (4.0 %) at the upper edge of the forecast range
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• Working capital ratio improves by 6.0 percentage points
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• Consolidated sales (EUR325.3 million) slightly below the projected corridor
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• Reorganization costs of EUR7.3 million and special tax effects impact consolidated profit for 2016
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• Order backlog (EUR123.3 million) up around EUR20 million on year
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• Outlook for 2017: increase in operating profitability expected
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Frankfurt/Main, March 29, 2017 - euromicron AG, a medium-sized technology group and specialist for the Internet of Things, published its Annual Report for fiscal year 2016 today.


Revenues for fiscal year 2016 were down slightly at EUR325.3 million, 1.4% below the forecast of EUR330 million to EUR 350 million that was adjusted in the semi-annual financial report 2016. Before one-time special effects of the reorganization, which impacted the EBITDA margin by 1.7%, operating EBITDA of EUR13.2 million was achieved, which corresponds to an EBITDA margin of 4.0%. This means that the operating EBITDA margin is at the upper end of the adjusted forecast (2.0% to 4.0%).


"The euromicron Group is currently undergoing a major structural change and continued to make progress in fiscal year 2016 by further optimizing its corporate structures and business processes. Our performance during the year also reflects this. After a weak first half year with sales and earnings development that was below the previous year's level, the operating development clearly improved in the fourth quarter. Particularly the stabilization of euromicron Deutschland GmbH in the "Smart Buildings" segment showed a significant increase in sales in the second half of the year. In addition, orders shifts in the area of the technology companies came to a halt and this led to a significant increase in sales and earnings," notes Bettina Meyer, Spokeswoman of the Executive Board.