MOBOTIX releases results for the first half of its fiscal year
MOBOTIX has announced key figures for the first half of its fiscal year (Oct. 1, 2011 to March 31, 2012) with positive results.
In the current fiscal year 2011/12 the MOBOTIX Group recorded a strong second quarter with revenue growth of 18 per cent compared to the prior year. Revenue growth for the first half of fiscal year 2011/12 amounted to 11 per cent. With EBIT of €9.5 million (prior year: €8.5 million) the group achieved an EBIT margin of 23 per cent. Net income after tax grew by 16 per cent to €6.7 million.
Revenue increases were seen primarily in Germany (+17 per cent) and countries outside Europe (+22 per cent), indicating a structural growth problem in certain European markets, according to the company. Consequently, growth expectations for the fiscal year as a whole need to be adjusted to growth of 15 per cent to 20 per cent, and an EBIT margin of around 23 per cent.
In the medium term, MOBOTIX expects continuing strong growth and high profitability in response to the enhancement of its sales and distribution organization outside of Europe and new products in the areas of video surveillance and door communication systems. Key products such a flexible double-hemispheric camera (S14) were presented to a wide range of industry experts on the Light + Building trade fair in Frankfurt, where they met, says the company, with a high level of interest.