DGAP-News

euromicron AG: euromicron AG gets off to a positive start to fiscal 2017

DGAP-News: euromicron AG / Key word(s): Quarterly / Interim Statement euromicron AG: euromicron AG gets off to a positive start to fiscal 2017 11.05.2017 / 07:00 The issuer is solely responsible for the content of this announcement. - Consolidated sales of EUR75.5 million, EUR10.3 up year on year

- Operating EBITDA improves by EUR1.1 million

- New orders around EUR10.0 million higher than last year

- Order books some EUR22.0 million up on the previous year

- Working capital ratio reduced by 8.0 percentage points

- Cash flow from operating activities increased by EUR13.3 million

 

Frankfurt/Main, May 11, 2017 - 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 2017.


Sales in the first quarter of 2017 were EUR75.5 million, a sharp rise of EUR10.3 million over the level in the same quarter of the previous year (EUR65.2 million). Before the non-recurring special effects of the reorganization (EUR -0.9 million), the operating EBITDA was slightly in the black at EUR0.1 million, an improvement of EUR1.1 million. The consolidated net loss for the first quarter of 2017 was EUR -2.7 million (previous year: loss of EUR -4.4 million), an improvement of EUR1.7 million that was sharper compared to that for operating EBITDA.


Bettina Meyer, Spokeswoman of the Executive Board, sums up: "Now that the tough years of reorganization are largely behind us, the figures in the first quarter of 2017 - the year of transformation - indicate pleasing trends. Due to the cyclical nature of our business, where we generate the bulk of our earnings in the fourth quarter, business in the first quarter traditionally tends to be slow. Nevertheless, we were able to improve all key figures compared to the first quarter of the previous year."