DGAP-News

euromicron AG: euromicron AG gets off to a positive start to fiscal 2017 - Seite 2

"New orders at the Group's continuing operations developed pleasingly in the first quarter of 2017: They were grown by around EUR10.0 million to EUR94.6 million and also increasingly include new orders from digitization projects. Order books at March 31, 2017, were EUR142.0 million, well up on the previous year's figure of around EUR22.0 million. That's a good springboard for fiscal 2017," adds Jürgen Hansjosten from euromicron's Executive Board.


The acquisition of KORAMIS GmbH in January 2017 means the group has also expanded its value chain to include cybersecurity for critical infrastructures and industrial infrastructures and has continued its digitization strategy uncompromisingly.


As part of the system of cash-oriented corporate controlling, the group-wide program to optimize working capital reaped further successes. The working capital ratio was 15.1%, 8 percentage points below the comparative figure at March 31, 2016 (23.1%). The cash flow from operating activities (after adjustment for the effects of factoring) improved sharply by EUR13.3 million to EUR -1.3 million in the first quarter of 2017. The euromicron Group's net debt was able to be reduced by a total of EUR9.2 million compared to the level at March 31, 2016.


"That means all the measures we've initiated to restructure the euromicron Group are having positive effects, even though further efforts are required until the transformation phase is completed at the end of 2018," concludes Bettina Meyer.


The full report on the first quarter of 2017 is available as of today on the company's website at www.euromicron.de in the section "Investor Relations/Publications/ Financial Reports".

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euromicron AG (www.euromicron.de) unites medium-sized high-tech companies from the fields of Digital Buildings, Smart Industry and Critical Infrastructures. 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. As a result, euromicron lets its customers migrate existing infrastructures gradually to the digital age. euromicron's expertise helps the company's customers increase their agility and efficiency, as well as develop new business models that lay the foundation for commercial success down the road.