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MOBOTIX Group reports increase in growth despite world-wide crisis

Published on 13 May 2009

The MOBOTIX AG is expecting to fulfil its financial projections for fiscal year 2008/09

MOBOTIX AG, at the forefront of technology as system provider of digital high-resolution network-based video security systems, reports the results for the first nine months of fiscal year 2008/09, ending on March 31, 2009.

Sales: € 32.5m

Sales growth: 36.9%

EBIT: € 6.9m

EBIT in % of total output: 20.5%

Net income for the period: € 5.0m

Earnings per share: € 1.14

The MOBOTIX Group (IFRS consolidated statements) has, despite the global financial crisis, reached a sales growth of approx. 37% in the first nine months of fiscal year 2008/09, resulting in sales of € 32.5m (previous year: € 23.8m) and thus, significantly increased its global market share.

The group EBITDA reached € 7.9m (previous year: € 4.9m), resulting in an EBITDA margin of 23.4% (previous year: 19.2%). With an EBIT of € 6.9m (previous year: € 4.0m), the EBIT margin could be increased to 20.5% (previous year: 15.7%). The net income for the period amounts to € 5.0m, resulting in earnings per share of € 1.14 (previous year: € 0.65).

In the third quarter (January 1 - March 31, 2009) of the current fiscal year MOBOTIX AG´s sales amounted to € 10.5m (previous year: € 8.4m) corresponding to a growth of about 25% compared with the same period of the previous year. The EBIT in the third quarter of the fiscal year rose even disproportionately by 33% to € 1.8m (previous year: € 1.3m), resulting in an EBIT margin of 15.6%.

After recording weak performance in January and February, March showed a strong revival in business activity. The MOBOTIX AG is expecting to fulfil its financial projections for fiscal year 2008/09 (30% revenue growth, 18% EBIT margin).