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[February 13, 2013]
DGAP-News: artec technologies AG announces preliminary financial results for business year 2012 - positive prospects for 2013
(DGAP Corporate News Via Acquire Media NewsEdge) artec technologies AG / Key word(s): Miscellaneous/Miscellaneous 13.02.2013 18:00 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG.
The issuer / publisher is solely responsible for the content of this announcement.
--------------------------------------------------------------------------- Diepholz/Bremen, Germany - artec technologies AG (ISIN DE0005209589), a leading manufacturer of network-based video-surveillance, broadcast-confirmation and IPTV systems, announced its preliminary, i.e.
not yet finally confirmed, results for the just lapsed business year 2012.
According to those numbers, the company attained sales revenues of about 2,22 mil. Euros, in contrast to 1,75 mil. Euros in the preceding year (2011). This corresponds to an increase of about 26 %. Compared with the previous year, the EBITDA of TEUR 74 improved by 238 % to TEUR 250, The results of normal business operations(EBT) rose above those of 2011 to TEUR 126 and exceeded by approximately 173 % that year's corresponding results.
Final numbers will probably be released by the company at the beginning of May.
Gratifying start of the new business year 2013 Effective at the beginning of January, 2013, artec technologies AG and a television broadcaster closed a maintenance agreement valued at an amount in the lower six-digit range. The agreement will run for the next two years and be a continuous source of revenue, thus providing artec technologies AG a positive outset for the upcoming new year. Large-scale projects in both areas of the company's business activities and which contributed to the company's total revenues and earnings in the previous year will continue to have positive effects on the results during this business year as well.
Further, artec technologies AG is presently active in a number of national and international bidding competitions. The company is striking an optimistic note that results similar to those in 2012 can likewise be achieved this year.
Continued expansion of the video security technology business model In ever-shorter cycles, ongoing rapid technical progress requires constant adaptation of a company's business models. In the area of video security technology, artec's Board of Directors anticipates that digital cameras will continue to replace network recorders in video capture and related functions. This so-called 'edge recording' certainly provides a number of advantages. In such cases, videos are recorded directly onto commercially available SD memory cards contained in the cameras. Particularly in smaller video surveillance systems, it is expedient to simply view the results of such captured events as live or recorded videos via the Internet. This can, for example, be achieved via apps in commonplace tablet or smartphone systems. For the customer, this has several advantages over conventional systems. For example, costs can be reduced in the acquisition of hardware or through lower installation expenses.
In numerous Research and Development (R&D) projects, artec began early on to adapt to such new developments in the market, for example by developing new, intelligent software for future utilization in advanced camera systems. In addition to the standard functions used in video surveillance, artec has also developed such innovations as counting human traffic, license plate identification,early-warning fire alarms,data protection and audio radar. Future software solutions by artec technologies AG, together with their long-time successful technologies, provide an ideal supplement to an already comprehensive palette of products, a major factor in distinguishing artec from its competitors. The expanded business model in this market segment will excellently prepare the company for future demands and multiply the range of its potential customer base by several increments.
Investments in distribution, marketing, and public relations All in all, the Board of Directors has a very positive view of the future development and marketing potential in both of artec's areas of business.
To continue to flourish in such an innovative growth market, artec will also implement extensive investments in distribution, marketing, and public relations, especially during the first and second quarters of the present business year.
Prognosis for further development Providing that the essential economic parameters, especially in Germany, do not worsen, the Board of Directors is unanimously optimistic that they will be able to continue their successful growth in this business year as well.
For that matter, artec technologies AG will definitely strive to attain an improvement in its basic operating figures during 2013.
About artec technologies AG artec technologies AG from Diepholz, Germany, develops and produces innovative software and system solutions for the recording, transmission, and evaluation of video, audio and metadata in networks and on the Internet. For more than 10 years, artec's customers have used the product platforms MULTIEYE(R) for high-definition video surveillance solutions and XentauriX(R) for broadcast logging. More than 19,000 of these systems have already been sold around the world. artec provides its customers with a total-service concept (project planning, installation & activation, service & support) for both its standard and made-to-order products. For further information, please go to www.artec.de Disclaimer This press release contains predictions directed toward the future which are based on present-day assumptions and prognoses shared by the company's management at artec technologies AG. Known and unforeseen risks, uncertainties, and other factors can lead to essential deviations in actual developments though, especially in the returns, financial situation, and business performance of our company. The corporation assumes no obligation to realize these forward-looking assertions or to adapt them to future events or developments.
Press contact: Thomas Hoffmann T:05441-599516 F:05441-599570 Mail: email@example.com 13.02.2013 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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