DGAP-Adhoc: DATA MODUL Aktiengesellschaft Produktion und Vertrieb von elektronischen Systemen: decline in sales and earnings during the third quarter of 2019 compared to previous year and adjustment of the forecast for the fiscal year 2019

DGAP-Ad-hoc: DATA MODUL Aktiengesellschaft Produktion und Vertrieb von elektronischen Systemen / Key word(s): Profit Warning
DATA MODUL Aktiengesellschaft Produktion und Vertrieb von elektronischen Systemen: decline in sales and earnings during the third quarter of 2019 compared to previous year and adjustment of the forecast for the fiscal year 2019

16-Oct-2019 / 10:15 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

According to an analysis of preliminary results, the sales and earnings figures of DATA MODUL AG declined in the third quarter of 2019, compared to the numbers achieved in the same period of the previous year. The main reason for this is the continued troubled market environment. Therefore, the company also adjusts its forecast for the fiscal year 2019.

The group EBIT in the third quarter of the fiscal year 2019 amounted to EUR -0.4 million, marking a decline of approx. 107 % in comparison to the same period of the previous year (EUR 5.9 million). Sales declined by approx. 29 % to EUR 44.3 million in comparison to EUR 62.1 million in the third quarter of the fiscal year 2018. Bookings declined by approx. 28 % to EUR 46.3 million in comparison to EUR 64.2 million for the same period of the previous year.

DATA MODUL AG will publish the final results for the third quarter of the fiscal year 2019 on November 9th, 2019.

The company further adjusts its forecast for the fiscal year 2019 as follows:
Orders received: decline by 11-19% in comparison to EUR 253.8 million achieved in the fiscal year 2018 (previously forecasted: growth by 3-19%) Order backlog: increase by 2-15% in comparison to EUR 122.0 million achieved in the fiscal year 2018 (previously forecasted: growth by 4-15%) Sales: decline by 7-16% in comparison to EUR 241.4 million achieved in the fiscal year 2018 (previously forecasted: growth by 3-19%) EBIT: decline by 33-57% in comparison to EUR 20.8 million achieved in the fiscal year 2018 (previously forecasted: growth by 1-20%) Net income: decline by 34-58% in comparison to EUR 14.3 million achieved in the fiscal year 2018 (previously forecasted: growth by 3-20%) Return on equity: decline by 32-56% in comparison to 22.1% achieved in the fiscal year 2018 (previously forecasted: growth by 0-5%)
Explanations of the financial parameters used can be found on DATA MODUL Aktiengesellschaft Produktion und Vertrieb von elektronischen Systemen's homepage (available at https://www.data-modul.com/en/company/investors/financial-reports.html).

Contact:
Beate Junker
Head of Finance and Investor Relations
investor-relations@data-modul.com

16-Oct-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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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: 890923
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890923 16-Oct-2019 CET/CEST