DGAP-News: Digital Identification Solutions AG: Preliminary Results 2009
(firmenpresse) - Digital Identification Solutions AG / Preliminary Results
13.04.2010 09:45
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Stuttgart, Germany, April 13, 2010 - Digital Identification Solutions AG
(DISO), a leading international ID solutions provider, reports the
following preliminary unaudited figures for fiscal year 2009:
EUR million 2008 2009Due to the persisting economic crisis and the resulting impact on
Sales 21.4 20.5
EBIT 0.1 -0.7
investment spending in our customer industries, the sales trend of DISO AG
and its subsidiaries was unsatisfactory in fiscal year 2009. Group sales
declined by 4.6% from EUR 21.4 million in 2008 to EUR 20.5 million in the
reporting period. The sales development was disappointing above all in the
European market, while we were able to increase sales in Asia and the
Americas. The main objective for fiscal year 2009 was to limit the negative
impact of the sales decline on our bottom line, a goal which we only
partially achieved.
The gross profit margin fell from 48.4% in 2008 to 42.0% in 2009. This
decline was attributable to the changed product mix (less sales revenue
generated in the Software and Services segment), overall reduced margins in
the Hardware segment and stronger currency effects (especially from the
Japanese YEN) compared to the previous years.
Other operating expenses decreased by EUR 0.6 million or 11.5% as compared
with the prior year as a result of lower travel and marketing expenses,
while staff costs rose by 10.7% due to the expansion of our sales force.
Year-end results 2009 - DISO's first net loss in the Company's history:
The Group's earnings before interest, taxes, depreciation and amortization
(EBITDA) for the past fiscal year amounted to EUR 0.0 million as compared
with EUR 0.6 million in the prior year. Earnings before interest and taxes
(EBIT) amount to EUR -0.7 million as compared with EUR 0.1 million in
fiscal year 2008. Earnings before taxes (EBT) in 2009 came to EUR -0.7
million, after EUR -1.2 million a year earlier.
The Group's net loss after tax for the fiscal year 2009 amounts to EUR -1.5
million, down from EUR -0.8 million in 2008. The difference between
earnings before tax and the net loss after tax in the amount of EUR -0.8
million primarily results from the valuation adjustment required to be
recognized for deferred taxes in accordance with International Financial
Reporting Standard (IFRS), which did not lead to any cash outflows though.
Against the backdrop of the marginal improvement in DISO AG's business
activities during the fourth quarter of 2009, we believe that the downturn
of our business development has bottomed out. This trend is underlined by a
very large order book (>75% above the previous year's level).
Outlook 2010 - persistently challenging market situation:
For the full year 2010, DISO AG expects the challenging market situation to
continue. We believe that our business development will only recover
slightly. The recently introduced structural measures and cost-saving
initiatives will limit the negative impact of the global economic crisis on
our profitability in the current fiscal year as much as possible. As the
situation on the international markets is subject to considerable
instability and a reliable business trend cannot be identified at the
moment, we are not able to provide more precise forecasts of sales and
earnings in 2010. The objective of the Management Board for 2010 is to
generate clearly positive earnings.
The forward-looking statements and information are based on current
expectations and assumptions. They are therefore subject to a number of
risks and uncertainties that could cause actual results to differ in both a
negative and a positive way from the underlying expectations and
assumptions.
Digital Identification Solutions AG
The Management Board
Note: All figures are preliminary and unaudited. The complete annual report
will be published after the meeting of the Supervisory Board.
About Digital Identification Solutions
The Digital Identification Solutions Group is a global provider of advanced
identification solutions with a worldwide installed base of more than
11,000 systems. In October 2009 the Group introduced to the world market
the latest EDIsecure(R) XID Retransfer Printer generations for distinct
Business Line segments as well as a much enhanced Professional Line
Portfolio in combination with new Inline Lamination Modules. The
Professional Line Portfolio will support multiple new modules in the
forthcoming future, as well as the revolutionary LCP 9000 Laser Color
Personalization System, which had been pre-announced already earlier. The
company has own sales-, marketing-, logistic- and support centers in
Germany, the United Arab Emirates, Singapore, China, the United States and
Mexico. Together with its vast network of certified partners, Digital
Identification Solutions is in a position to deliver state-of-the-art
solutions virtually anywhere in the world. The company combines
cutting-edge technology, extensive industry know-how and an impressive
array of references in the private and public sector.
For further information please visit www.digital-identification.com
Contact:
Sabrina Poessl
Corporate Communications
Digital Identification Solutions AG
Teckstrasse 52
73734 Esslingen
Germany
Phone: ++49 711-341 689-0
Fax: ++49 711-341 689-550
mail_ir(at)digital-identification.com
13.04.2010 09:45 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv atwww.dgap-medientreff.deandwww.dgap.de---------------------------------------------------------------------------
Language: English
Company: Digital Identification Solutions AG
Teckstraße 52
73734 Esslingen
Deutschland
Phone: +49 (0)711 341 689 280
Fax: +49 (0)711 341 689 550
E-mail: spoessl(at)digital-identification.com
Internet: www.digital-identification.com
ISIN: DE000A0JELZ5
WKN: A0JELZ
Listed: Freiverkehr in Berlin, Düsseldorf, München, Stuttgart; Entry
Standard in Frankfurt
End of News DGAP News-Service
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