DATA MODUL AG continues the positive development of last year into the first quarter of 2008

(PresseBox) ( München, )
The Munich based company Data Modul is a leading European Corporation in the area of display technology. Data Modul develops, manufactures and distributes innovative flat displays, electronic sub-assemblies, and complete information systems.

The previous year’s positive profitability in the business segments of Industry and Information systems continued during the first quarter 2008. The discontinued segment Multi-media ceased operation completely as of 12/31/2007 and is no longer reflected in the 2008 fiscal year numbers. EBIT (earnings before interest and taxes) according to IFRS increased in the first quarter by 31.0 % to 2.2 million euros (1.7 million euros last year). Similarly, PBT (profit before tax) improved by 36.7 % to 2.0 million euros (from 1.5 million euros last year). The net profit in the continuing segments improved by 100.7 % to 1.4 million euros (from 0.7 million euros last year). The earnings per share showed an improvement of 29.4 % to euros 0.44 (euros 0.34 last year), when based on all operations. Revenues in the first quarter of the current year improved by 3.3 %, from 32.9 million euros in 2007 to 34.0 million euros in 2008. Order entry declined from 45.9 million euros by 18.7 % to 37.3 million euros. This decline was due to large projects, primarily in the segment of Information systems. The order backlog declined from 84.9 million euros in 2007 to 75.3 million euros in 2008. The theoretical range for revenues based on the order backlog continues to be about six months. The export quota reached 39.2 % (29.5 % last year) in the first quarter of 2008, and was therefore demonstrated the planned trend of continued internationalisation. As of 3/31/2008, the Corporation employed 290 employees, which is an increase of 15 employees compared to the same time last year. A dividend of 0.60 euros (0.50 euros last year) based on the 2007 results will be recommended at the Annual Shareholders’ Meeting on May 7, 2008.

The development of the economy in our important area of supplying investment goods does not show any signs of weakening, nor is there any recognisable repercussion from the turbulence in the financial markets. As such we are seeing a continued positive revenue development in our business fields during the second quarter of 2008. A reliable prognosis for the second half of the year is however not possible given today’s vision, but we are adhering to our original annual budget. We are anticipating continuing increasing revenue and profits for the continuing business segments of Industry and Information systems for the medium term. Further internationalisation of the business activities represents a central element of future growth. Also the strengthening and expansion of the innovative might have high priorities.
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