EQS-Adhoc

Datacolor in the first half 2020/21 - Seite 2

Swift renewal of the product range 
Datacolor is consistently investing in the enhancement of its successful color measurement products: The continuous renewal and expansion of the broad range of products for the textile and apparel industry as well as paint, dye and plastics manufacturers and the consumer market has been further accelerated. In the first half of fiscal 2020/21, Datacolor launched ColorReader Spectro, a high-precision spectrophotometer. It can easily be integrated with customers' existing software or with Datacolor's Paint software and is ideal for paint and hardware stores looking for a cost-effective color measurement solution allowing them to provide custom color matching services to professional contractors. In January 2021, Datacolor then introduced the Spectro 1000/700 series, to ensure uniform color assessments across various instruments and multiple locations throughout the supply chain, enabling customers to improve productivity and workflow efficiency. The new products are experiencing strong customer demand and will make a substantial contribution to sales growth.

Strong balance sheet
At the end of March 2021, Datacolor had total assets of USD 77.2 million (September 30, 2020: USD 65.9 million) and substantial net cash (including financial assets) of USD 46.6 million (September 30, 2020: USD 41.6 million). Datacolor remains debt-free. Shareholders' equity increased to USD 48.3 million (September 30, 2020: USD 45.3 million) and the equity ratio corresponded to 62.5% (September 30, 2020: 68.7%).

Outlook
Assuming that the impact of the pandemic recedes successively and the recovery of the global economy continues, the Board of Directors and Management expect sales and operating profit development in the second half of fiscal 2020/21 within the range of the first half. With its high cash position and still solid equity base, as well as a swift renewal of its product range with high-precision hardware and software products for measuring and communicating color, Datacolor is well equipped to expand its leading position in the international color measurement market and to grow profitably.