Press release BoxID: 160100 (DATA MODUL AG)
  • Landsberger Str. 322
  • 80687 München
  • Contact person
  • Barbara Lederer
  • +49 (89) 56017-105

Data Modul AG increases EBIT in 2007 by 23 %

Dividend increases to Euro 0.60

(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 focus on the profitable business segments of Industry and Information systems with the related decision to discontinue the segment Multi-media by the end of 2007, was successful and led to an increase in EBIT of 23 % to 7.7 million euros (6.2 million euros last year), even though a special charge of 3.1 million euros was incurred for the cessation of the business segment Multi-media. In total the Company, including the discontinued segment Multi-media, achieved revenues of 146.7 million euros (152.8 million last year) and an order entry of 147.2 million euros. The order backlog, including the discontinued segment Multi-media reached 73.9 million euros (76.6 million euros last year). Due to positive revenue and gross profit development in the continuing business segments, the EBIT exceeded plan and increased by 93.8 % to 10.0 million euros (5.2 million last year). Profit after tax in the continuing business segments reached 7.4 million euros (2.9 million euros last year). Including the discontinued segment, the profit after tax was 5.0 million euros (4.0 million euros last year). This gives an earnings per share of 1.57 euro in 2007 (1.25 euro last year). The export quota in 2007 reached 38 % (32 % last year). A dividend of 0.60 euro per share (0.50 euro last year) for fiscal year 2007 will be recommmended at the Annual Shareholders' Meeting on May 7, 2008. As of 12/31/2007 the Company employed 283 individuals compared to 263 in the prior year.

Due to freeing up capacity in development, production and sales by discontinuing the business segment Multi-media, we anticipate a medium-term continual revenue and profit improvement in the continuing business segments of Industry and Information systems. The further internationalisation of business activity represents a central element for future growth. Also the strengthening and the expansion of innovation will have high priority.