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07.12.2015 09:54:42
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DGAP-News: Matica Technologies AG
DGAP-News: Matica Technologies shows significant revenues and earnings improvement in the first nine months of 2015
- EBITDA rises even stronger by 59.0 percent to EUR 3.3 million
- Reorganization of corporate structure and plant relocation successfully completed
Munich, December 7, 2015 - Matica Technologies AG (ISIN: DE000A0JELZ5), a worldwide leading vendor of financial and secure ID card solutions, today published performance figures on the basis of the newly consolidated group structure for the first time. Group revenues in the first three quarters of 2015 were up 16.4 percent to EUR 32.7 million in contrast to EUR 28.1 million in the comparable period of 2014. Group EBITDA increased even stronger by 59.0 percent to EUR 3.3 million after EUR 2.1 million in the previous year. Group EBIT and group EBT were positive for the first time with EUR 1.2 million respectively EUR 0.8 million.
'Due to the completion of the reorganization of our corporate structure as of November 30, we decided not to publish an after tax earnings figure. We felt it is particularly important, to timely provide our investors with an insight into our development on a group level', Sandro Camilleri, CEO of Matica Technologies, explains. 'With the publication of our annual report 2015, we will take care of an overall comprehensive and comparable reporting.'
The earnings already include one-off items related to the corporate reorganization and the relocation of the plant. They amounted to EUR 1.0 million and contained expenses for tax and legal consultation, capital measures and the cost of the relocation. Without these one-off items, the earnings accretion in the first nine months would have correspondingly already outpaced the full-year development in 2014.
In detail the development in the first nine months of 2015 was as follows:
Matica Technologies AG (new reporting structure, not audited)
in mEUR 9M 2015 9M 2014 chng in % Revenues 32,679 28,076 +16.39 EBITDA 3,268 2,055 +59.03 EBIT 1,178 -31 n/a EBT 789 -389 n/a Cash & cash equivalents 1,398 2,590 -46.02 Shares outstanding [abs.] 15,464,408 7,395,285
To put the corporate performance of the first nine months of 2015 more easily in reference to the reporting structure of Matica Technologies published so far, a comparison on the basis of the old reporting structure is published below:
Matica Technologies AG (old reporting structure, not audited)
in mEUR 9M 2015 9M 2014 chng in % Umsatz 28,295 22,689 +24.71 EBITDA 2,422 1,536 +57,68 EBIT 1,947 1,193 +63.20 EBT 1,874 1,124 +66.73 Cash & cash equivalents 1,398 1,543 -9.40 Shares outstanding [abs.] 15,464,408 7,395,285
'Despite the fact of the structural reorganization tying up significant management capacities this year, we are very satisfied with the development in the first nine months', Sandro Camilleri comments on the figures. 'For the full-year, one-off items in the fourth quarter will hinder us though from showing the kind of performance our shareholders can expect from us from next year onwards.'
The relocation of the production facility so had a negative impact on parts of the shipment dates in the fourth quarter. The delays of up to a month correspondingly resulted in a partial revenue shift into the first quarter of 2016. Furthermore the company decided on adjustments in the corporate structure by closing down country subsidiaries from structures of predecessor company Digital Identification Solutions AG. This resulted in special write-downs in the fourth quarter amounting to EUR 0.7 million.
Furthermore the tragic events of November 13, 2015, in Paris cast their shadows on the revenues' development in the fourth quarter. 'Year over year the CARTES SECURE CEONNEXIONS trade show in Paris is one of our biggest revenue drivers, as many of our clients visit us on site to learn about the reliability of our machines and directly place their orders. As the show took place just the week after the attacks, particularly many of our international clients had to cancel their business trips', Camilleri adds. 'It is very understandable, that the major part of these clients could not plan any alternative meetings at our production site in Turate before the first quarter of 2016.'
For the full-year 2015 the company thus forecasts revenues on the group level to amount to around EUR 43.0 to 45.0 million, which represents about previous year's level. Group EBITDA including one-off costs is expected slightly lower at EUR 3.4 to 3.6 million. After the transition year 2015 the company expects a significant improvement in revenues and a strong increase in earnings for the upcoming business year 2016. A guidance for revenues and EBITDA will be presented with the release of the preliminary results for the year 2015 expected in early March 2016.
Matica has scheduled a conference call for interested investors, analysts and journalists at 1:30 p.m. CET today. You can register for the call by sending an email to the Investor Relations department at i.middelmenne@maticatech.com until 12.30 p.m. CET.
About Matica Technologies Group
Matica Technologies Group is a fast-growing and innovative global company with a strong international network. Matica develops, manufactures and distributes solutions to issue passports, financial cards, ID cards, Nano SIM and Micro SIM cards. The company offers a vast range of products from centralized systems and mailers to ID printers and laser desktop machines. The Group is represented worldwide with offices in Italy, Germany, France, Singapore, Hong Kong, China, USA, UAE and India.
For further information, please visit www.maticatech.com
Contact: Matica Technologies AG
Ingo Middelmenne Head of Investor Relations
Theresienhöhe 30 80339 Munich Germany i.middelmenne@maticatech.com +49 89 510858880
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07.12.2015 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English Company: Matica Technologies AG Theresienhöhe 30 80339 Munich Germany Phone: +49 (0)89 5108 588 0 Fax: +49 (0)89 5108 588 88 E-mail: pr@maticatech.com Internet: www.maticatech.com ISIN: DE000A0JELZ5 WKN: A0JELZ Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart; Open Market (Entry Standard) in Frankfurt End of News DGAP News Service ---------------------------------------------------------------------------
421507 07.12.2015
DGAP-News: Matica Technologies AG / Key word(s): 9-month figures/Forecast
Matica Technologies shows significant revenues and earnings improvement in
the first nine months of 2015
07.12.2015 / 09:54
The issuer is solely responsible for the content of this announcement.
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- First publication of corporate performance figures on group level
- Revenues increase by 16.4 percent to EUR 32.7 million
- EBITDA rises even stronger by 59.0 percent to EUR 3.3 million
- Reorganization of corporate structure and plant relocation successfully completed
Munich, December 7, 2015 - Matica Technologies AG (ISIN: DE000A0JELZ5), a worldwide leading vendor of financial and secure ID card solutions, today published performance figures on the basis of the newly consolidated group structure for the first time. Group revenues in the first three quarters of 2015 were up 16.4 percent to EUR 32.7 million in contrast to EUR 28.1 million in the comparable period of 2014. Group EBITDA increased even stronger by 59.0 percent to EUR 3.3 million after EUR 2.1 million in the previous year. Group EBIT and group EBT were positive for the first time with EUR 1.2 million respectively EUR 0.8 million.
'Due to the completion of the reorganization of our corporate structure as of November 30, we decided not to publish an after tax earnings figure. We felt it is particularly important, to timely provide our investors with an insight into our development on a group level', Sandro Camilleri, CEO of Matica Technologies, explains. 'With the publication of our annual report 2015, we will take care of an overall comprehensive and comparable reporting.'
The earnings already include one-off items related to the corporate reorganization and the relocation of the plant. They amounted to EUR 1.0 million and contained expenses for tax and legal consultation, capital measures and the cost of the relocation. Without these one-off items, the earnings accretion in the first nine months would have correspondingly already outpaced the full-year development in 2014.
In detail the development in the first nine months of 2015 was as follows:
Matica Technologies AG (new reporting structure, not audited)
in mEUR 9M 2015 9M 2014 chng in % Revenues 32,679 28,076 +16.39 EBITDA 3,268 2,055 +59.03 EBIT 1,178 -31 n/a EBT 789 -389 n/a Cash & cash equivalents 1,398 2,590 -46.02 Shares outstanding [abs.] 15,464,408 7,395,285
To put the corporate performance of the first nine months of 2015 more easily in reference to the reporting structure of Matica Technologies published so far, a comparison on the basis of the old reporting structure is published below:
Matica Technologies AG (old reporting structure, not audited)
in mEUR 9M 2015 9M 2014 chng in % Umsatz 28,295 22,689 +24.71 EBITDA 2,422 1,536 +57,68 EBIT 1,947 1,193 +63.20 EBT 1,874 1,124 +66.73 Cash & cash equivalents 1,398 1,543 -9.40 Shares outstanding [abs.] 15,464,408 7,395,285
'Despite the fact of the structural reorganization tying up significant management capacities this year, we are very satisfied with the development in the first nine months', Sandro Camilleri comments on the figures. 'For the full-year, one-off items in the fourth quarter will hinder us though from showing the kind of performance our shareholders can expect from us from next year onwards.'
The relocation of the production facility so had a negative impact on parts of the shipment dates in the fourth quarter. The delays of up to a month correspondingly resulted in a partial revenue shift into the first quarter of 2016. Furthermore the company decided on adjustments in the corporate structure by closing down country subsidiaries from structures of predecessor company Digital Identification Solutions AG. This resulted in special write-downs in the fourth quarter amounting to EUR 0.7 million.
Furthermore the tragic events of November 13, 2015, in Paris cast their shadows on the revenues' development in the fourth quarter. 'Year over year the CARTES SECURE CEONNEXIONS trade show in Paris is one of our biggest revenue drivers, as many of our clients visit us on site to learn about the reliability of our machines and directly place their orders. As the show took place just the week after the attacks, particularly many of our international clients had to cancel their business trips', Camilleri adds. 'It is very understandable, that the major part of these clients could not plan any alternative meetings at our production site in Turate before the first quarter of 2016.'
For the full-year 2015 the company thus forecasts revenues on the group level to amount to around EUR 43.0 to 45.0 million, which represents about previous year's level. Group EBITDA including one-off costs is expected slightly lower at EUR 3.4 to 3.6 million. After the transition year 2015 the company expects a significant improvement in revenues and a strong increase in earnings for the upcoming business year 2016. A guidance for revenues and EBITDA will be presented with the release of the preliminary results for the year 2015 expected in early March 2016.
Matica has scheduled a conference call for interested investors, analysts and journalists at 1:30 p.m. CET today. You can register for the call by sending an email to the Investor Relations department at i.middelmenne@maticatech.com until 12.30 p.m. CET.
About Matica Technologies Group
Matica Technologies Group is a fast-growing and innovative global company with a strong international network. Matica develops, manufactures and distributes solutions to issue passports, financial cards, ID cards, Nano SIM and Micro SIM cards. The company offers a vast range of products from centralized systems and mailers to ID printers and laser desktop machines. The Group is represented worldwide with offices in Italy, Germany, France, Singapore, Hong Kong, China, USA, UAE and India.
For further information, please visit www.maticatech.com
Contact: Matica Technologies AG
Ingo Middelmenne Head of Investor Relations
Theresienhöhe 30 80339 Munich Germany i.middelmenne@maticatech.com +49 89 510858880
---------------------------------------------------------------------------
07.12.2015 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English Company: Matica Technologies AG Theresienhöhe 30 80339 Munich Germany Phone: +49 (0)89 5108 588 0 Fax: +49 (0)89 5108 588 88 E-mail: pr@maticatech.com Internet: www.maticatech.com ISIN: DE000A0JELZ5 WKN: A0JELZ Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart; Open Market (Entry Standard) in Frankfurt End of News DGAP News Service ---------------------------------------------------------------------------
421507 07.12.2015
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