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News

Mobotix sees continued revenue growth in third quarter

Mobotix : 11 November, 2009  (Company News)
Third quarter revenues of over 10 million Euros see Mobotix continuing to enjoy success in the security surveillance market
Mobotix has announced the achieved financial results for the first quarter of the fiscal year 2009/10 ended September 30, 2009.

Mobotix continued its strong performance in the first quarter of the fiscal year 2009/10. This made it possible to exceed by 2.8% the revenue growth of the strong first quarter of 2008, which had not yet been influenced by the financial crisis. Therefore, group revenue in Q1 2009/10 amounted to €10.6 million (Q1 2008/09: €10.3 million).

There is no doubt that Mobotix AG is also experiencing the effects of the financial and economic crisis, which has impacted growth, particularly with regard to the large projects of the last three quarters. In addition, seasonal fluctuations had a strong impact on revenues in the summer months of July to September, especially on export revenues that had been exceptionally high in the same quarter (Q1 2008/09) of the previous year.

With an EBIT margin of 18.0% for the first quarter of fiscal 2009/10 (Q1 2008/09: 23.4%) and an EBITDA margin of 21.9% (Q1 2008/09: 26.0%), Mobotix continues to show above average profitability. Net income for the period amounted to €1.4 million, resulting in earnings per share of €0.31 (Q1 2008/09: €0.40).

Mobotix AG expects to continue to gain market share and to achieve profitable and sustained revenue growth.
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