artec technologies AG Continues Profitable Growth

Artec Technologies AG (ISIN DE0005209589, WKN 520958 ), manufacturer of innovative video transmission and recording systems as well as network video technology, made significant progress in sales and earnings in the first half of the current financial year.

Thanks to the excellent order situation and the smooth project processing, revenues increased by 35.7% to EUR 1.91 million in the first half year, compared to the strong equivalent period last year, while the overall performance even exceeded the EUR 2 million mark.

Due to the fact that the revenue mix was shifted in favour of high-margin orders with a lower hardware share at the same time, the operating result increased disproportionately to sales. The EBIT increased by 287.8 % to EUR 0.49 million, thus the EBIT margin could be increased from 9.0 to 25.7%. The net income improved by 71% to EUR 0.34 million.

Against the background of the positive development of earnings, equity increased by almost 30% to EUR 2.91 million, resulting in a current equity ratio of 85.6%.

Outlook

"With our products ‘Made in Germany’, we offer our customers high-quality and trusted technology and lay the foundations for sustainable and profitable growth of the company in the future”, says Thomas Hoffmann, CEO of artec technologies AG. The excellent business performance in the first half of the year, the favourable backlog of orders and the large orders to be expected in the next few weeks encourage the executive board to forecast a sales growth between 30% - 50% for the current business year 2015.

This confidence is based on promising developments in both business segments.

Video security technology business segment

In the video security technology segment, the artec products and system solutions are currently requested for multifunctional use in conjunction with partner solutions in increasingly larger projects. The tasks include, inter alia, both the security and the protection of buildings and infrastructures against burglary, theft, vandalism, sabotage and industrial espionage, the early detection of heat or fire, as well as the visualization and documentation of events. Thus, the artec systems provide decision support in dangerous situations and support the procedures. This integrated understanding of video security technology increasingly proves to be an important competitive advantage, especially in conjunction with the high technological standard and the distinct customer orientation of the artec products.

Media and broadcast business segment

During the last months, the focus was expanded in a promising way also in the media and broadcast segment. With little effort and based on the existing technology, artec has developed a product range to address the rapidly expanding IPTV and video solutions market, which analysts consider to be worth about USD89.6 billion by 2019.

The products, mainly including encoders based on artec’s own H.264 codec, enable broadcasters, media providers, large companies and institutions to realize a high-quality solution for TV and video streaming to settop boxes, mobile devices and smart TV receivers and will initially be presented during the International Broadcast Conference IBC in Amsterdam in September. For the worldwide distribution of the new product family, a London-based team of top-level sales professionals from the broadcasting and video streaming market is currently established in London.

The half-year report 2015 is now available for download on www.artec.de.

about artec technologies AG:

artec technologies AG is a family-run enterprise listed on the stock exchanges, based in Diepholz/Germany, with engineering and sales office in Bremen/Germany. artec develops and produces innovative software and systems solutions since 15 years. It’s core business is recording and retrieval/analysis of professional media and their metadata. artec’s brands MULTIEYE^® for HD Video Surveillance Solutions and XENTAURIX^® for Broadcast Logging and Streaming have sold in more than 23.000 systems worldwide. artec also provides an overall sophisticated full service, including project management, commissioning, service/support and custom developments.

View source version on businesswire.com: http://www.businesswire.com/news/home/20150831005526/en/