Rolls-Royce Power Systems AG
Tognum confirms forecast for 2012 at the end of the first nine months
Tognum AG / Key word(s): Quarter Results Tognum confirms forecast for 2012 at the end of the first nine months – Solid order intake at EUR2,296.3 million in the first nine months – Revenues increase to EUR2,092.7 million – Adjusted EBIT margin of 8.8% – Full year 2012: forecast confirmed Friedrichshafen, November 8, 2012. The specialist for propulsion and power solutions Tognum confirms its forecast for the full year 2012 at the end of the first nine months. The adjusted EBIT margin is expected to be at around ten per cent by the end of the year, while the company expects to see revenue growth in the lower single-digit percentage range. 'The global economy cooled down further in the third quarter. As a result of our good order backlog, however, we are aiming for a fourth quarter slightly above last year's level and therefore, from today's perspective, we confirm our revenue and profit targets,' explained Joachim Coers, CEO of Tognum AG. 'The fourth quarter, however, will be real challenge for the entire company.'
Order intake and revenues
Adjusted EBIT and adjusted EBIT margin
Adjusted gross profit margin and adjusted net profit
Equity ratio, free cash flow and net financial debt
Segment reporting The Onsite Energy & Components (OE&C) segment reported an increase in revenues in the reporting period of 3.6% to EUR707.5 million (Q1-Q3 2011: EUR683.1 million). In the OE Diesel Systems & Engines application area, there was an increase in revenues generated with diesel systems. The supply business to OEM customers declined, as the OEMs were able to draw on stock levels that were still available from the beginning of the year. Revenues in the OE Gas Power Systems application area were up due to the growing demand for gas systems. The After Sales/Other application area was stable. The adjusted segment EBIT amounted to EUR45.3 million (Q1-Q3 2011: EUR63.0 million). Revenue volume generated in the Distribution segment increased by 5.2% in the first nine months of the year to EUR376.4 million (Q1-Q3 2011: EUR357.8 million). The adjusted segment EBIT amounted to EUR19.6 million (Q1-Q3 2011: EUR20.5 million). The interim report valid for the first nine months of 2012 is available for download at www.tognum.com under 'Investors'. Key figures for the Tognum Group
Disclaimer This release contains forward-looking statements based on assumptions, forecasts and estimates made by Tognum's executive board of management. Although we assume that the assumptions, forecasts and estimates forming the basis for these forward-looking statements are realistic, we cannot guarantee that they will prove to be correct in the future. Assumptions, forecasts and estimates may entail risks and uncertainties which may cause actual results to differ considerably from those included in forward-looking statements. Factors which may result in such discrepancies include, among other things, changes in the economic and business environment, fluctuations in exchange and interest rates, the introduction of competing products, lack of acceptance for new products or services and changes in corporate strategy. Tognum undertakes no obligation to update and/or to correct and/or to confirm forward-looking statements or to release publicly any updates or corrections to any forward-looking statements in order to reflect events or circumstances which occur after the date of this release.
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Language: | English | |
Company: | Tognum AG | |
Maybachplatz 1 | ||
88045 Friedrichshafen | ||
Germany | ||
Phone: | +49 (0)7541 90 3318 | |
Fax: | +49 (0)7541 90 90 3318 | |
E-mail: | ir@tognum.com | |
Internet: | http://www.tognum.de | |
ISIN: | DE000A0N4P43 | |
WKN: | A0N4P4 | |
Indices: | CDAX, Classic All Share, Prime All Share | |
Listed: | Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart | |
End of News | DGAP News-Service |
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