euromicron AG lowers guidance for 2018
Frankfurt/Main, 5 November 2018 - euromicron AG, a medium-sized technology group and specialist for the "Internet of Things" (IoT), further intensified its measures to transform the group during the third quarter 2018 and will continue on that path throughout the remaining months of the current fiscal year. With that, sales and earnings have been temporarily negatively impacted by extraordinary factors while the operating cashflow improved significantly. According to preliminary figures, sales thus decreased by 4.5 % from EUR 244.0 million to EUR 233.0 million for the nine-months period, the operating EBITDA stood at EUR 4.8 million after EUR 7.2 million last year. The operating cash flow improved significantly by EUR 11.7 million to EUR -3.9 million. As announced, euromicron will publish its complete nine-month report on 8 November 2018. Due to the deviance of sales and earnings from the originally planned figures for that period and in light of planned additional structural adjustments throughout the fourth quarter management lowered its guidance for 2018. As per now, sales are anticipated to amount to between EUR 310 million and EUR 330 million for the entire year and the operating EBITDA-margin is expected to lay between 2.0 % and 4.0 %. Extraordinary costs of up to EUR 5 million will burden earnings thereby. Initial expectations had been at between EUR 340 million and EUR 360 million for sales, at between 4.0% and 5.0% for the operating EBITDA-margin and at up to EUR 2 million for extraordinary costs.Person making the notification: Ariane Manthey Investor Relations Manager Tel.: +49 631583-293 firstname.lastname@example.org
___________________________________________________________________About euromicron AG:
euromicron AG (www.euromicron.de) is a medium-sized technology group. As a German specialist for the Internet of Things (IoT), euromicron enables its customers to network business and production processes and successfully move to a digital future. With its solutions for Digital Buildings, Smart Industry and Critical Infrastructures, flanked by Smart Services, the euromicron Group is the partner to small and medium-sized enterprises, large companies and public-sector organizations. Tailor-made, innovative technology solutions are a core competence of euromicron. With its expertise in sensors, devices, infrastructure, software and services, euromicron is in a position to offer its customers networked and comprehensive solutions from a single source. In this way, euromicron helps its customers to increase flexibility and efficiency as well as to develop new business models. The euromicron Group comprises a total of 16 subsidiaries, including the brand names ELABO, LWL-Sachsenkabel, MICROSENS and telent. The technology group is headquartered in Frankfurt/Main, has been listed on the stock exchange since 1998 and employs around 1,800 people at 30 locations. euromicron AG generated total sales of EUR332.9 million in fiscal year 2017.
Press contact euromicron AG: euromicron AG Investor & Public Relations Zum Laurenburger Hof 76 60594 Frankfurt/Main Germany Phone: +49 69 631583-0 Fax: +49 69 631583-17IR-PR@euromicron.dewww.euromicron.de ISIN DE000A1K0300 WKN A1K030
05-Nov-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.deLanguage: English Company: euromicron AG Zum Laurenburger Hof 76 60594 Frankfurt/Main
Germany Phone: +49 69 631583-0 Fax: +49 69 631583-17 E-mail: email@example.com Internet: www.euromicron.de ISIN: DE000A1K0300 WKN: A1K030 Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange End of Announcement DGAP News Service
741189 05-Nov-2018 CET/CEST