ISRA VISION Parsytec AG
Parsytec AG: Profitability further improved: 6.2 % EAT in Q4
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The issuer is solely responsible for the content of this announcement.
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Profitability further improved: 6.2 % EAT in Q4
Revenue increases in 2005 by 17%, Cash grows by + EUR 1.7 million
Outlook: Earnings growth in the range of a good 50 % targeted for 2006
Aachen – 14 March 2006. Parsytec AG – the world’s leading producer of
surface inspection systems for strip products – announces its results of
the financial year 2005 as of 31 December 2005. The accounting has been
made in accordance with International Financial Reporting Standards (IFRS).
There are no changes compared to preliminary results published 07 February,
2006.
(Million EUR) 12M 2005 12M 2004 Q4 2005 Q4 2004
Order Entry 26.0 24.4 8.6 5.8
Revenue 28.6 24.5 6.6 5.8
Gross Profit 14.6 13.8 3.5 3.2
EBIT 2.2 -0.1 0.6 -0.1
EAT 1.5 -0.1 0.4 -0.2
Revenue increases in 2005 by 17 %
From the revenue point of view, an increase of 17 % compared to the
previous year could be achieved. Thus, revenues of EUR 28.6 million could
be realized, compared to EUR 24.5 million in 2004. In Q4 2005 revenue
amounted to EUR 6.6 million, this is an increase of EUR 0.8 million
compared to Q4 2004. In the financial year 2005, Parsytec registered order
entries of EUR 26.0 million. This shows a rise of 6 %. At EUR 8.6 million
in Q4 2005, the order entry reached the highest level since Q1 2003 and
thus compensated partly the delay in order entry of Q3.
Net return of 5.2 % EAT for 2005
After two years with a result near the break-even, despite the still high
expenditure for product initiation and market introduction, with 5.2 % EAT,
the targeted EAT of 5.0 % could be slightly outperformed. In Q4 with an EAT
of EUR 0.4 million the net return reached a 6.2 %.
Outlook: Earnings growth in the range of a good 50 % targeted
Parsytec is aiming for a stable to slightly increasing market share in this
growth market. The production decision intelligence business is expected to
further expand in 2006 and is an important catalyst for the further planned
medium- and long- term profitability growth. As a result of weak order
entries in Q3 2005, revenue for the first half-year in 2006 is only
expected to be in the range of the H2 2005, but then is expected to rise
considerably in the second half-year and at least a moderate growth for the
year 2006 as a whole. After successfully achieving the first profitability
target in 2005, the company strives for a growth of earnings in the range
of a good 50 %.
(c)DGAP 14.03.2006
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language: English
emitter: Parsytec AG
Auf der Hüls 183
52086 Aachen Deutschland
phone: +49 (0)2419696-200
fax: +49 (0)241 9696-500
email: ir@parsytec.de
WWW: www.parsytec.de
ISIN: DE0005089908
WKN: 508990
indexes:
stockmarkets: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin-Bremen, Hannover, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
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