EQS-News

Viscom AG feels the effects of investment restraint in the first quarter and makes a cautious start to the 2024 financial year

EQS-News: Viscom AG / Key word(s): Quarter Results Viscom AG feels the effects of investment restraint in the first quarter and makes a cautious start to the 2024 financial year 22.05.2024 / 07:45 CET/CEST The issuer is solely responsible for the content of this announcement. Viscom AG feels the effects of investment restraint in the first quarter and makes a cautious start to the 2024 financial year

 

Incoming orders: € 18,625 thousand (previous year: € 35,157 thousand); -47.0 %
Order backlog: € 28,949 thousand (previous year: € 46,026 thousand); -37.1 %
Revenue: € 18,628 thousand (previous year: € 23,615 thousand); -21.1 %
EBIT: € -2,382 thousand (previous year: € 232 thousand)

 

Hanover, 22 May 2024 – The business development of Viscom AG (ISIN DE0007846867) was already noticeably clouded in the second half of 2023 due to an increasing reluctance to invest on the part of customers. This weakness continued and intensified in the first quarter of 2024. The current weak demand in the markets had a negative impact on incoming orders totalling € 18,625 thousand (previous year: € 35,157 thousand). Customers therefore placed with Viscom AG around 47 % fewer orders than in the previous year. At € 18,628 thousand, revenue in the first quarter of 2024 was around 21 % below the comparable figure for the previous year (previous year: € 23,615 thousand). The result from operating activities (EBIT) was significantly impacted by the low total operating performance and totalled € -2,382 thousand in the first three months of the current financial year (previous year: € 232 thousand).

Demand for inspection systems from the mechanical engineering company based in Lower Saxony increased again over the course of the first quarter of 2024. There has been a significant increase in customer visits and customer demonstrations at the Hanover site. Many very specific projects are already being discussed with Viscom customers in all regions worldwide. Viscom AG is therefore cautiously optimistic that the current situation will ease in the second half of 2024 and that customers will resume their projects and place orders with Viscom AG. In addition, dependence on the automotive sector has been reduced in recent years. Viscom has managed to position itself also in other growth markets such as battery production, consumer electronics and the back-end of semiconductor production. Thanks to this diversification, Viscom believes it is well positioned in the 2024 financial year to compensate for fluctuations in demand in individual sectors. Megatrends such as electrification, automation and digitalisation also offer good opportunities for growth in new areas for Viscom in the coming years.