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