Pankl Racing Systems AG
Pankl Racing Systems AG: Annual Figures 2012
Pankl Racing Systems AG / Key word(s): Final Results 25.02.2013 08:00 Dissemination of an Ad hoc announcement, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Pankl Racing Systems AG - Annual Figures 2012 Kapfenberg, 25 February, 2013 - Record growth and record earnings - Revenues increased by 21% to EUR127.7m - EBIT up by 48% to EUR10.4m - Earnings after tax grew by 33% to EUR5.9m - Dividend proposal per share: EUR1.00EURk 2012 2011 CHG Revenues 127,685 105,396 21% EBITDA 19,980 15,226 31% EBIT 10,382 7,023 48% EBT 8,118 5,587 45% Earnings after tax 5,942 4,460 33% EBITDA-margin 16% 14% - EBIT-margin 8% 7% - Earnings per share 1.77 1.23 44% Book value per share 22.10 18.39 20%In the fiscal year 2012, Pankl Group increased revenues by 21.1% to EUR127.7m. On a quarterly basis, revenues continuously grew since 2010Q2. EBIT was again strong and was up by 47.8% and amounted to a record EUR10.4m (2011: EUR7.0m). Both segments, Racing/High Performance and Aerospace, contributed to the favourable development of revenues and earnings resulting in an EBIT margin improvement to 8.1% (2011: 6.7%). Racing/High Performance Intensified motor racing activities and substantial development orders in all racing categories led to an increase in revenues of 20.6% in 2012, from EUR87.1m to EUR105.0m. Pankl Group achieved to enter the market for the promising turbo supercharger business via the acquisition of a stake in a German turbo supercharger development company. Operating earnings improved significantly to EUR7.5m or 7.2% of revenues (2011: EUR5.9m or 6.7% of revenues). Aerospace In the Aerospace segment, revenues increased by 23.6% to EUR22.9m (2011: EUR18.5m). This was mainly due to significant growth in the Austrian subsidiary. Revenues doubled primarily because of a number of new components being certified by European helicopter manufacturers. Operating earnings of the Aerospace segment improved substantially and amounted to EUR3.1m or 13.4% of revenues (2011: EUR1.3m or 6.8% of revenues). Dividend proposal The management board will propose to the AGM, which will be held on 25 April 2013, the payment of a dividend of EUR1.00 per share representing a payout ratio of 60% of net earnings. Based on 3,150,000 entitled shares an amount of EUR3,150k would be distributed. Outlook CEO Wolfgang Plasser: 'The fiscal year 2012 was extraordinary in many ways. Despite an adverse overall economic environment, we were very successful in all business segments and generated the highest revenues growth and the highest earnings in our corporate history. We also executed a record capital expenditure programme to allow for more growth. The order backlog and the project pipeline give reason to be optimistic for the future.' The Annual Financial Report 2012 is available on our website from 18 March 2013. Please use the link http://www.pankl.com/Finanzberichte.485.1.html For further information: Investor Relations Brigitte Putz Tel.: +43 3862 33 999 317 e-mail: ir@pankl.com Internet: www.pankl.com 25.02.2013 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Pankl Racing Systems AG Industriestraße West 4 8605 Kapfenberg Austria Phone: +43 3862 33 999 -0 Fax: +43 3862 33 999 -181 E-mail: ir@pankl.com Internet: www.pankl.com ISIN: AT0000800800 WKN: 914732 Listed: Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart; Frankfurt in Open Market ; Wien (Amtlicher Handel / Official Market) End of Announcement DGAP News-Service ---------------------------------------------------------------------------
Aktuelle News
Aktuelle Berichte
Anstehende Events
Keine Events gefunden
Webcasts
Keine Webcasts gefunden