AUGUSTA TECHNOLOGIE AG 
By Corporate News
AUGUSTA reports successful first quarter of 2012 and confirms guidance for 2012• Sales revenues at EUR 25.7 million, 5.4 percent over previous year
• Over proportional EBITDA growth to EUR 4.6 million (+15.5 percent), high EBITDA
margin of 18.1 percent• No impairment of operations due to takeover bid by TKH Group
Munich, May 9, 2012 - Following up on the financial year 2011, AUGUSTA Technologie AG (ISIN DE000A0D6612), continued its successful business performance in the first quarter of 2012. Year on year, consolidated sales revenues increased 5.4 percent to EUR 25.7 million. Thanks to innovative and new products, the gross margin climbed to 49.1 percent (prior year: 48.6 percent). Earnings improved over proportionately to sales revenue. Earnings before interest, taxes, depreciation and amortization (EBITDA) rose 15.5 percent to EUR 4.6 million. Accordingly, the EBITDA margin went up to 18.1 percent,
1.6 percentage points above the prior-year value of 16.5
percent. The net income for the period from continued
operations (Vision, other divisions) increased 61.7 percent
to EUR 2.7 million, resulting in earnings per share of EUR
0.35 (prior year: EUR 0.22).
As of the end of March 2012, incoming orders amounted to EUR
27.9 million, 18.2 percent more than in the prior year. The
book-to-bill ratio (incoming orders to sales revenues)
reached a value of 1.09. Orders on hand reached a remarkable
EUR 40.3 million, about 51.7 percent more than in the prior
year. "Despite the difficult economic conditions,
AUGUSTA has again generated growth on our markets. In view of
the excellent incoming order volume in the first quarter and
a well-filed order book, we expect positive business
performance to continue in the coming months", says
Amnon Harman, CEO of AUGUSTA.
The key balance sheet figures hardly underwent any changes
compared to the end of 2011. "As of March 31, 2012, cash
and cash equivalents were still at a high level of EUR 64.3
million, and the net liquidity amounted to EUR 43.5
million", explains Berth Hausmann, CFO of AUGUSTA. At
EUR 22.2 million, working capital showed a slight increase
compared to the end of the year. "Due to the higher
volume of orders on hand, we have slightly increased our
inventories in order to ensure quick deliveries in the coming
months", says Hausmann.
AUGUSTA confirms its annual forecast and anticipates
consolidated sales revenues ranging from EUR
The TKH Group has submitted a voluntary public takeover offer for all outstanding shares of AUGUSTA Technologie AG at a price of EUR 23.00 per AUGUSTA share. "The takeover process does not have any direct effect on our business operations. We will continue to pursue our business activities as an
Page 1AUGUSTA Technologie AG • Willy-Brandt-Platz 3 • 81829 München • +49 - (0)89 - 4357155 - 19 • www.augusta-ag.com
Corporate News
independent company until the bid and takeover process is
finished", explains Amnon Harman. The declared goal of
the TKH Group is to merge AUGUSTA's business activities
with its own in order to further develop the leading position
of the AUGUSTA companies in specific market niches and to
supplement it with its own business activities. "The
announced bid by the TKH Group documents the attractiveness
of our company and proves the success of our strategic
realignment, which had started in late 2006. From the current
perspective, we consider the strategic opportunities with TKH
to be very attractive, and we believe that the proposed price
of EUR 23.00 per AUGUSTA share is fair. The final review and
evaluation will take place after the publication of the
proposal of TKH", says Harman.
Pursuant to Section 27 (1) sentence 2 of the German
Securities Acquisition and Takeover Act (WpÜG), the Managing
Board and the Supervisory Board of AUGUSTA are under the
obligation to review the proposed price and the goals and
effects of the takeover on the company, the employees and the
locations and to issue a statement on this subject. In this
connection, the appropriateness of the bid price is also
reviewed within the scope of an independent fairness
opinion.
AUGUSTA will publish the final statement of the Managing
Board and Supervisory Board after the proposal of the TKH
Group is approved by BaFin (German Federal Financial
Supervisory Authority) and published. This is expected to
take place even before AUGUSTA's General Meeting on May
16, 2012.
n EUR millions | Q1 2011 | Q1 2012 | Change |
Sales revenues | |||
Group | 24.35 | 25.66 | +5.4% |
Vision | 16.33 | 16.58 | +1.5% |
Other divisions | 8.01 | 9.08 | +13.3% |
EBITDA | |||
Group | 4.01 | 4.64 | +15.5% |
Vision | 4.84 | 5.00 | +3.3% |
Other divisions | 0.47 | 0.61 | +28.8% |
Indicators | |||
Incoming orders | 23.57 | 27.85 | +18.2% |
Orders on hand | 26.59 | 40.33 | +51.7% |
Net profit (continuing operations) | 1.65 | 2.67 | +61.7% |
Earnings per share in EUR | 0.22 | 0.35 | +59.1% |
ISIN: DE000A0D6612
Listing: Prime Standard of Deutsche Börse AG
AUGUSTA Technologie AG • Willy-Brandt-Platz 3 • 81829 München • +49 - (0)89 - 4357155 - 19 • www.augusta-ag.com
Corporate News AUGUSTA Technologie AG
Stefanie Zimmermann
Investor Relations & Corporate Communications
Willy-Brandt-Platz 3, D-81829 Munich
Tel: +49 (0)89 4357155-19
Fax: +49 (0)89 4357155-59
E-mail: investor-relations@augusta-ag.com
AUGUSTA Technologie AG is an integrated technology company
with a focus on niche markets of digital image processing and
optical sensors.
Through its core Vision Technology segment, the company
supplies digital cameras and optical sensor systems for
enhancing quality, safety and efficiency. It develops and
produces both standard products and customer-specific systems
for a broad range of uses in a number of sectors including
manufacturing, medical technology, multimedia, transport and
security technology. In its other divisions, AUGUSTA develops
and sells products for the power electronics and mobile
measuring technology segments. AUGUSTA is characterized by an
international presence and excellent customer service.
AUGUSTA generated consolidated sales revenues of EUR 101.3
million and earnings before interest, taxes, depreciation and
amortization (EBITDA) of EUR 17.9 million in the 2011 fiscal
year.
AUGUSTA Technologie AG • Willy-Brandt-Platz 3 • 81829 München • +49 - (0)89 - 4357155 - 19 • www.augusta-ag.com
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