artec technologies AG: Analysts increase the price target for the artec share from EUR 3.00 to EUR 4.90

In response to both the strong half-year results and the major contract announced yesterday, SMC Research confirmed the buy recommendation for the Artec Technologies AG share (WKN 520958) and significantly raised the price target. The analysts increased the price target for the artec share from EUR 3.00 to EUR 4.90.

According to SMC Research, artec technologies, manufacturer of innovative network video transmission and recording systems, impressively continues the positive operational development of the past 18 months. The company increased revenues by 35.7 percent to EUR 1.9 million in the first half of 2015. Thanks to the favourable revenue mix (high software share) and the sustained cost discipline, the operating result before interest and taxes (EBIT) almost quadrupled while the net income for the first half year improved by 70 percent. The EBIT margin of 25.7 percent clearly exceeded the estimate of SMC.

Following the dynamic first six months, analysts are optimistic also for the second half of 2015 and the next few years. After an earnings per share of EUR 0.24 in the past year, SMC expects an increase to EUR 0.30 for 2015. The estimate is EUR 0.34 for 2016 and EUR 0.42 for 2017, taking into account the new business segment "streaming technology” in quite a conservative way. The opportunities for artec in the field of TV and video streaming to settop boxes, mobile devices and smart TV receivers are considered to be very exciting. Even a small share in the billion-dollar streaming market could take the artec sales and earnings to a new level.

For more information, please refer to: www.artec.de/fileadmin/investor_relations/2015_09_08_smc-update_artec.pdf

About artec technologies AG

artec technologies AG - listed on the stock exchanges (m:access, Munich and Open Market (Entry Standard) in Frankfurt) - is based in Diepholz/Germany, with engineering and sales office in Bremen/Germany. artec develops and produces innovative software and systems solutions since around 15 years. It's core business is recording and analysis/retrieval of professional media and their metadata. artec's brands MULTIEYE(R) for HD Video Surveillance Solutions and XENTAURIX(R) for Broadcast Logging and Streaming have sold in more than 20.000 systems worldwide. artec also provides an overall sophisticated full service, including project management, commissioning, service/support and custom developments.

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