Data Modul AG Press Release for the quarter ended September 30, 2008

Good development in revenue and profit development again in the 3rd quarter of 2008

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

Revenues in the third quarter improved by 4.0 % to 34.7 million euros. For the first nine months revenues reached 103.1 million euros (104.6 million euros last year). Order entry declined in the third quarter due to project development and the general economic climate by 7.8 % to 30.4 million euros. Order entry for the first nine months of 2008 amounted to 100.4 million euros, or 8.6 % less than last year's figure of 109.8 million euros. Order backlog equalled 71.4 million euros at the end of the third quarter and was 4.1 % under last year's amount of 74.4 million euros. The theoretical range for revenues based on the order backlog continues to be about six months. The export quota during the period of January through September 2008 reached 37.2 % (37.4 % last year) and reflected the enduring international actions in our business activities.

The earnings before interest and taxes (EBIT) according to IFRS for the third quarter of the current year reached a value of 2.3 million euros. This result is 19.9 % under the very high amount from the third quarter of last year. The EBIT for the first nine months was 6.6 million euros, or 25.4 % under last year's project based amount of 8.9 million euros. The earnings per share for the continuing business segments amounted to 0.38 euros in the third quarter (0.53 euros last year), based on 3,205,620 shares. For the first nine months of the year 2008, earnings per share were 1.29 euros (2.01 euros last year). It should be noted that the results from last year were positively benefited by a special tax effect resulting from the discontinued business segment. The earnings per share for the Corporation amounted to 0.38 euros in the third quarter (0.56 euros last year), and for the first nine months of the year, the earnings per share were 1.29 euros, compared to last year's amount of 1.22 euros. The equity ratio for the Corporation (according to IFRS) at the end of the third quarter 2008 was 43.2 % (39.7 % last year) and 67.4 % (72.2 % last year) for Data Modul AG (according to HGB).

As a result of present uncertainty in the current economic situation, we expect to see a delay in customer deliveries on particular orders, and now foresee a revenue forecast for the corporation of ca. 133 to 138 million euros for 2008. Similarly, the EBIT for the continuing business activities will be slightly under our earlier prognoses. Despite the difficult market economy, we will consequently continue the extension of international business activity, as well as the expansion of system components and developing new application areas in order to achieve our mid term goals of increasing revenues and profits.
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