PresseBox
Press release BoxID: 195467 (Sumida AG)
  • Sumida AG
  • Dr. Hans-Vogt-Platz 1
  • 94130 Obernzell
  • http://www.sumida-eu.com
  • Contact person
  • Annette Stiefler
  • +49 (8591) 937-121

Ad hoc: Report on First-Half-Year Results as of June 30, 2008 - Significant Increase of EBIT margin

(PresseBox) (Obernzell, ) VOGT electronic AG, an important manufacturer of inductive components and modules, generated a turnover of EUR 78.2 million, in the first half of fiscal year 2008. Adjusted by special items sales decreased by 0.5% compared to previous year. Special items are mainly due to the sale of a loss-making subsidiary end of 2007, negative foreign currency exchange rate changes due to the strong Euro and a modified subcontracting process.

For the first six months of the current fiscal year VOGT electronic Group achieved an operating profit of EUR 4.4. million (1st half year 2007: EUR 2.9 million). Related to sales an EBIT margin of 5.7% has been generated (1st half 2007: 3.1%). This positive development of EBIT results mainly from restructuring measures implemented in fiscal year 2007 to improve cost structure and to optimize operational processes.

Net profit after tax and before special items improved to EUR 3.6 million (1st half year 2007: - EUR 0.5 million).

For further information please refer to the Report on First-Half-Results as of June 30, 2008, which will be published on our homepage on August 6, 2008 (www.vogt-electronic.com).