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• The company has not burnt operating cash flow (excluding non-recurring outflows) despite the grave crisis of international markets.
• Sales revenues of € 73,1 million (€ 96 million at 31st March 2008), in line with company's expectations.
• EBITDA negative by € 515 thousand.
• EBITANR negative by € 4.1 million.
Bologna 14 May 2009 - The Board of Directors of Datalogic S.p.A. - a company listed in the Star segment of the Milan Stock Exchange and a leader in the market for barcode readers, data collection mobile computers, RFID (radio frequency identification) systems and photoelectric devices - today approved the quarterly interim report as of 31st March 2009.
"The first quarter results were penalised by the severe crisis that has struck the global economy - stated Mauro Sacchetto, Datalogic CEO. - The Company implemented all those necessary strategies not to burn cash using cost cutting actions without reducing expenditure on R&D or on the new plant in Vietnam (that will be opened the middle of July) in order to ensure more competitive products. The 1Q business result were exactly in line with this plan".
1Q09 ended with consolidated sales revenues of € 73.1 million (mn), down by 24% vs. € 96 mn for the same period in the previous year (1Q08).
EBITDA negative by € 515 thousand (€ 11.6 mn at 31st March 2008) and EBITANR negative by € 4.1 mn, decreased compared to € 8.7 mn recorded in the same period in the previous year.
The period's consolidated business result, which showed a net loss of € -5.5 mn (vs. a consolidated net profit of € 4.3 mn as at 31 March 2008, is attributable to the strong contraction in sales recorded in the first three months of the year; all main markets for Datalogic Group's products (industrial, distribution and logistics) were heavily affected by the crisis that, as from 4Q08, has struck the global economy.
The separate business Division sales (including intersegment sales) and segment results (before non-recurring costs/revenues and depreciation and amortization due to acquisitions) at 31st March 2009, are listed below:
| Divisions |
|
Sales |
|
Segment results |
| Datalogic Mobile |
|
16.1 |
|
(1.3) |
| Datalogic Automation |
|
15.8 |
|
(2.6) |
| Datalogic Scanning |
|
34.7 |
|
(1.4) |
| Informatics |
|
6.7 |
|
0.4 |
| Datalogic S.p.A. |
|
3.2 |
|
0.8 |
| Adjustment |
|
(3.4) |
|
0 |
| January - March 2009 |
|
73.1 |
|
(4.1) |
|
|
At 31st March 2009, the net financial position of Datalogic was negative by € 116,6 mn, an increase both in comparison to its position at 31st December 2008 (negative by € 106.9 mn) and at 31st March 2008 (negative by € 69.3 million).
Net of non-recurring outflows(payment of bonus/year and long term incentives), amounted to € 9.4 mn, the net financial position would be essentially aligned compared with 31st December 2008.
It should be highlighted that the company, during 1Q09,continued the investments on R&D (for a total amount of € 6.8 mn, 9.3% of revenues).
Lastly, please note that the Quarterly Report at 31st March 2009 is unaudited and it's available on the Company's web site (Investor Relations section) www.datalogic.com.
The manager responsible for preparing the company's financial reports - Dott. Marco Rondelli - declares, pursuant to paragraph 2 of Art. 154-bis of the Testo Unico della Finanza, that the accounting information contained in this press release corresponds to the document results, books and accounting records.
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