DGAP-News
euromicron AG: euromicron AG publishes 2016 Annual Report and outlook for 2017 - Seite 2
The reorganization of euromicron Deutschland GmbH continued on schedule in 2016, but it took longer than expected at the end of the previous year. As a result, the strategic planning of the
euromicron Group has shifted by one year.
In the fourth quarter of 2016, further measures were taken to separate from strategically non-relevant or loss-making areas of the business. These include the launch of the sale of euromicron
Deutschland GmbH's "Telecommunications" division and the closing of the "Fiber Optic Infrastructure" division of RSR Datacom GmbH & Co. KG as well as the product line "Optical Tracking Systems"
of Secure Information Management GmbH.
The negative result from the reorganization measures in fiscal year 2016 totaled EUR7.3 million; This figure includes depreciation of EUR1.0 million and impairment of the financial result of EUR0.6
million. The reported EBITDA amounted to EUR7.4 million after EUR6.9 million in the previous year.
At the same time, the Group portfolio was strengthened in its competences by the establishment of Netzikon GmbH and Secure Information Management (Asia Pacific) Pte. Ltd. Through the acquisition of
KORAMIS GmbH in January 2017, the Group has also expanded its value chain to include cybersecurity for Critical Infrastructures and industrial infrastructures.
"The completion of the reorganization measures and the expansion of new competences are necessary to further align euromicron as a technology group with the target markets "Digital Buildings,"
"Smart Industry" and "Critical Infrastructures". In fiscal year 2016, we posted significant incoming orders in these target markets, such as orders for the digitization of production processes or
digitization of railway points in Critical Infrastructures. The IoT market thus offers attractive growth potentials for our Group in the coming years," explains Jürgen Hansjosten, Executive Board
member of euromicron.
"In fiscal 2016, we achieved success in the improvement of the Group's working capital structure. At 11.8%, the working capital ratio was 6 percentage points below the previous year's figure of
17.8%. We thus significantly exceeded our projected target of a working capital ratio of less than 15%. At the same time, however, special tax effects also impacted Group earnings. Thus, the Group
tax burden of approximately EUR6.6 million is burdened by one-off effects, of which only one part is cash-effective," added Bettina Meyer.