Mobotix Q1 Sales Grow 3.1 Per Cent
Mobotix grows, enhances efficiencies
MOBOTIX sales for the first quarter of the financial year 2018/19 increased by around 3.1 per cent year-on-year to €17.0 million.
The results also showed a strong increase in EBIT and quarterly net income compared with the same quarter of the previous year. The largest sales growth was achieved in the Europe and Middle East/Africa regions, due to implementation of new global sales strategy, organizational changes and implementation of new software, camera and storage solutions. Recent investments within IT infrastructure have further supported efficiencies and internal processes.
The quarterly EBIT of € 1.0 million increased by around €0.4 million (+70.8 per cent) compared to the same quarter of the previous year. Further cost optimization measures, especially in personnel costs and shipping costs, contributed. The quarterly net profit of €0.6 million was increased by €0.3 million (+88.1 per cent) compared to the same quarter of the previous year.
The progress of sales and order backlog in the first quarter of financial year 2018/19 are as such in line with the first year of the five-year plan announced late last year. This 5-year plan confirms sales of €67.5 million and EBIT of €1.4 million for the financial year 2018/19 and sales of at least € 100 million and an EBIT margin of 12 per cent by financial year 2022/23. Ω