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Fiscal Year Change Results in a Short Fiscal Year of 3 Months and a Second Annual General Meeting - MOBOTIX AG (ISIN DE0005218309), system provider of high-resolution, network-based video security systems, has announced its consolidated financial results (IFRS) for the Group's Short Fiscal Year 2011 (July 1 to September 30) - Mobotix.com
Fiscal Year Change Results in a Short Fiscal Year of 3 Months and a Second Annual General Meeting

 

NewswireToday - /newswire/ - Winnweiler-Langmeil, Germany, 2011/11/09 - MOBOTIX AG (ISIN DE0005218309), system provider of high-resolution, network-based video security systems, has announced its consolidated financial results (IFRS) for the Group's Short Fiscal Year 2011 (July 1 to September 30) - Mobotix.com.

   
 
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Figures for the short fiscal year at a glance (July 1, 2011 to September 30, 2011):

• Sales: €15.2 million
• Export ratio: 68.1%
• EBIT: €2.6 million
• EBIT in % of total output: 15.8%
• Net income for the period (after taxes): €1.8 million
• Earnings per share €0.40

The change of the fiscal year was necessary since the now very extensive audit and the preparation of the financial reports coincided with the vacation period in July and August. Since the beginning of the financial year was changed from July 1 to October 1, a one-time Short Fiscal Year of three months was formed this year, resulting in a second set of annual financial reports and a second Annual General Meeting in 2011.

In the Short Fiscal Year just ended, the entire production was relocated as planned successfully to the Company's site in Langmeil-Winnweiler. As expected, revenue and earnings were affected by the relocation of production facilities.

In the Short Fiscal Year, the MOBOTIX Group generated revenue of €15.2 million (prior-year quarter: 15.1 million) and achieved an export ratio of 68.1%. EBITDA amounted to €3.6 million with EBIT of €2.6 million. Profit after taxes for the short fiscal year amounted to €1.8 million resulting in earnings per share of €0.40.

Growth of 30% to 35% and an EBIT margin of 23% is expected in the current fiscal year 2011/12.

All the results relating to the Short Fiscal Year 2011 will be presented by the Management Board of MOBOTIX during a teleconference at 11.00 am. CET, on November 9, 2011.

More information:
MOBOTIX AG
Lutz Coelen, CFO
P: +49 6302 9816-111 / F: +49 6302 9816-190 / E: investorSPAMFILTER[.]mobotix.com.

Fink & Fuchs
Public Relations AG
Michael Zell
P: +49 611 74131-920 / F: +49 611 74131-23 / E: michael.zellSPAMFILTER[.]ffpr.de.

About MOBOTIX AG
MOBOTIX AG (mobotix.com) is a software company with in-house hardware development in the area of digital, high-resolution and network-based video security solutions. The company focuses on the development of user-friendly complete system solutions from a single source. The publicly-traded company with headquarters in Langmeil, Germany, is known as the leading pioneer in network camera technology since its foundation in 1999 and its decentralized concept has also made high-resolution video systems cost-efficient. From 2010 onwards, MOBOTIX will extend its product range to include intelligent home automation products that are developed in-house. Whether in embassies, airports, railway stations, ports, gas stations, hotels or highways, over one hundred thousand MOBOTIX video systems have been in operation on every continent for years.

Important Note:
This notification contains statements that are based on assumptions and estimates of MOBOTIX AG. Even though the management considers these assumptions and estimates to be true and accurate, the future actual development and the actual results may deviate from these assumptions and estimates for various reasons. Among those reasons are changes of the overall economic situation, foreign exchange rates, interest rates as well as changes in the market trends or the competitive environment. MOBOTIX AG does not assume any liability for deviations of the future development and actual results from the assumptions and estimates as contained in this ad hoc announcement / press release / corporate news.

 
 
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Written by / Agency / Source: MOBOTIX AG

 
 

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Fiscal Year Change Results in a Short Fiscal Year of 3 Months and a Second Annual General Meeting

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MOBOTIX AG |
Publisher Contact: Mobotix Press - Mobotix.com 
+49-6302-9816-0 info[.]mobotix.com
 
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