DATA MODUL able to confirm high sales level in fiscal year 2023 despite
fierce cost pressure
EQS-News: DATA MODUL Aktiengesellschaft Produktion und Vertrieb von
elektronischen Systemen / Key word(s): Annual Results
DATA MODUL able to confirm high sales level in fiscal year 2023 despite
fierce cost pressure
22.03.2024 / 08:24 CET/CEST
The issuer is solely responsible for the content of this announcement.
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* Slight sales growth to EUR 283.2 million (2.6%)
* Decline in incoming orders to EUR 253.6 million (-16.0%)
* EBIT for the fiscal year reaches EUR 22.3 million (-17.9%)
Munich, 22 March 2024 - DATA MODUL closed a challenging fiscal year 2023 in
a persistently difficult economic market situation with a slight increase in
sales and a simultaneous decline in incoming orders. In the fourth quarter,
DATA MODUL generated sales of 71.4 million euros (previous year: 71.5
million euros), which was 0.1% higher than in the same quarter of the
previous year. Group sales for the full year 2023 increased by 2.6% and
totalled 283.2 million euros (previous year: 276.1 million euros). The high
export ratio of 54.0% (previous year: 55.5%) was largely maintained and
reflects the group's strategy of internationalisation. The group's EBIT
totalled, burdened by an increased cost level, EUR 5.0 million (previous
year: EUR 7.2 million) in the fourth quarter and EUR 22.3 million for the
fiscal year as a whole (previous year: EUR 27.1 million). The EBIT margin
for the year as a whole was therefore 7.9% (previous year: 9.8%). Incoming
orders in the fourth quarter totalled EUR 44.1 million (previous year: EUR 65.1
million), resulting in a total value for the 2023 fiscal year of EUR 253.6
million, which is 16.0% below the previous year's figure of EUR 301.8 million.
The order backlog fell by 17.7% year-on-year to EUR 162.2 million (previous
year: EUR 197.1 million) as at the reporting date.
Group key figures
In TEUR 2023 2022 Change
Turnover 283,235 276,053 2.6%
Incoming orders 253,581 301,808 -16.0%
Order backlog 162,155 197,057 -17.7%
EBIT 22,296 27,149 -17.9%
EBIT return 7.9% 9.8% -19.4%
Net income for the year 14,487 18,367 -21.1%
Earnings per share (in EUR) 4.11 5.21 -21.1%
Investments 8,952 3,370 165.6%
Employees (annual average) 525 488 7.6%
The Executive Board and the Supervisory Board intend to propose to the
Annual General Meeting the distribution of a dividend of EUR 2.00 per share
for the 2023 fiscal year.
Outlook
The economic environment will lead to restrained investment activity and
strict cost management among companies in 2024. Political uncertainty,
geopolitical upheaval and the currently unchanged high level of interest
rates are also exacerbating the negative effects on the economic
environment. Assuming that the recession will not be overcome until the
second half of the year, the Executive Board anticipates a slight decline in
DATA MODUL group's performance for 2024 as a whole.
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22.03.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
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Language: English
Company: DATA MODUL Aktiengesellschaft Produktion und Vertrieb
von elektronischen Systemen
Landsberger Straße 322
80687 München
Germany
Phone: +49 (0) 89 56017-105
Fax: +49 (0) 89 56017-102
E-mail: investor-relations@data-modul.com
Internet: www.data-modul.com
ISIN: DE0005498901
WKN: 549890
Listed: Regulated Market in Frankfurt (Prime Standard), Munich;
Regulated Unofficial Market in Berlin, Dusseldorf,
Hamburg, Stuttgart, Tradegate Exchange
EQS News ID: 1864885
End of News EQS News Service
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1864885 22.03.2024 CET/CEST