EQS-News

Viscom AG closes 2023 financial year in line with forecast; very subdued start to 2024 financial year

EQS-News: Viscom AG / Key word(s): Annual Results Viscom AG closes 2023 financial year in line with forecast; very subdued start to 2024 financial year 26.03.2024 / 07:55 CET/CEST The issuer is solely responsible for the content of this announcement. Viscom AG closes 2023 financial year in line with forecast; very subdued start to 2024 financial year

 
Incoming orders: € 113,248 thousand (previous year: € 111,065 thousand, +2.0 %)
Revenue: € 118,780 thousand (previous year: € 105,518 thousand, +12.6 %)
EBIT: € 6,611 thousand (previous year: € 8,186 thousand, -19.2 %)
EBIT-Margin: 5.6 % (previous year: 7.8 %)

 
Hanover, 26 March 2024 – Viscom AG (ISIN DE0007846867), the European market leader for automated optical and X-ray inspection systems in the electronics industry, once again exceeded the € 100 million mark in terms of both incoming orders and revenue. However, Viscom AG's business in 2023 continued to be negatively impacted by the shortage of various components and disruptions in the supply chains, which led to delays in revenue recognition during the year and, on the supply side, to a high build-up of inventories of individual parts, assemblies and finished products. The high level of sales in the final quarter also led to a sharp increase in receivables. The higher energy and raw material prices in Germany could only be partially offset, and the increased personnel and capital costs also had a negative impact on Viscom AG's consolidated net profit in the past financial year. Incoming orders and revenue increased in line with expectations and were within the published forecast for the year. Although earnings were within the corridor of the forecast for the 2023 financial year, they are not satisfactory and fall short of the expectations of Viscom AG's management.

Thanks to the strong global demand for inspection solutions from the mechanical engineering company based in Lower Saxony, Viscom AG recorded orders of € 113,248 thousand in the 2023 financial year. Incoming orders thus increased slightly compared to the previous year (previous year: € 111,065 thousand) and are within the annual forecast (€ 110 to 120 million) for the 2023 financial year. Revenue increased significantly by 12.6 % to € 118,780 thousand (previous year: € 105,518 thousand). Consolidated revenue is therefore also within the forecast corridor for the 2023 financial year (€ 110 to 120 million). At € 6,611 thousand, the result from operating activities (EBIT) was 19.2 % below the corresponding prior-year figure (previous year: € 8,186 thousand), but within the annual forecast of € 5.5 to 12.0 million. The EBIT-Margin amounted to 5.6 % (previous year: 7.8%) and is also within the forecast range (5 % to 10 %). The result for the period amounted to € 3,142 thousand (previous year: € 5,369 thousand) and was significantly impacted by the sharp rise in interest expenses to € 2,076 thousand (previous year: € 775 thousand).