Data Modul AG increases revenues and profits also in the third quarter of 2007

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

Data Modul’s third quarter was earmarked with success from the profitable segments of Industry and Information Systems, as well as the plan restructuring in connection with the cessation of the segment Multimedia by the end of the year. The EBIT, according to IFRS for the first nine months of the current year, in both continuing business segments of Industry and Information Systems, increased by 118.3 % to 8.9 million euros (from 4.1 million euros last year). The results of the discontinued business segment of Multimedia was a negative 4.0 million euros according to segment reporting, and 2.5 million euros according to IFRS 5 Discontinued operationsreporting. Including the 3.1 million euros first half year expenses related to the restructuring and closing of the business segment, the corporation achieved a profit after tax of 3.9 million euros, or an increase of 95.0 % over last year’s 2.0 million euros. Revenues in the third quarter of the current year in the continuing business segments amounted to 33.4 million euros, which is an increase of 11.0 % over last years amount of 30.1 million euros. Revenues in the continuing business segments for the first nine months improved by 18.0 % to 104.6 million euros (88.6 million euros last year). For the total corporation, including the discontinued segment Multimedia, revenues reached 113.7 million euros for the same period, which is an increase of 5.3 % over the previous years value of 108.0 million euros. The order entry in the continuing business segments amount to 33.0 million euros (40.1 million euros last year) for the third quarter and 109.8 million euros (109.9 million euros last year) for the first nine months of 2007. The decline from last years third quarter amount is due to the large order received last year from Dubai, which was a large project and therefore resulted in a above average amount last year. The order backlog, including the discontinued segment of Multimedia, amounted to 76.3 million euros at the end of the quarter.The export quota reached 37.4 % (31.4 % last year) in the third quarter of 2007, and was therefore able to prolong the expected and planned upwards trend.

The corporation expects to achieve revenues of 138 to 150 million euros for the year 2007 in the continuing business segments of Industry and Information systems. From our view, the slight reduction in anticipated revenue in 2007 is due to some deliveries for projects being pushed back into 2008. This will have no affect on the forecasted results for the corporation in 2007.

Press releases you might also be interested in

Subscribe for news

The subscribtion service of the PresseBox informs you about press information of a certain topic by your choice at a choosen time. Please enter your email address to receive the email with the press releases.

An error occurred!

Thank you! You will receive a confirmation email within a few minutes.


I want to subscribe to the gratis press mail and have read and accepted the conditions.