MOBOTIX AG announces sales growth of 42%

Story link: MOBOTIX AG announces sales growth of 42% by Jan Harris

MOBOTIX AG system provider of high-resolution and network-based video security systems, announced the preliminary financial results for the first three months of the fiscal year 2010/11 ending on September 30, 2010.

The MOBOTIX Group (IFRS consolidated statements) successfully begins its new business year and achieved a sales growth of 42% to €15.1 million (previous year: €10.6 million).

Net income for the period doubled to more than €2.9 million, while the EBIT margin increased to 25.4%.

The Group EBITDA rose from €2.5 million to €4.8 million with an EBITDA margin of 29.4% (previous year: 21.9%). The EBIT doubled itself to €4.2 million, resulting in an earnings per share of €0.66 (previous year: €0.31).

The Management Board will present the financial results for the first quarter of 2010/11 as part of the Equity Capital Forum held at Deutsche Börse AG, Frankfurt, on November 22, 2010 at 4:30 p.m. in the “Zurich” room.