Mobotix: Fiscal year change results in a Short Fiscal Year

Mobotix reports that the fiscal year change results in a short fiscal year of three months and a second annual general meeting.

In the Short Fiscal Year, the Mobotix Group generated revenue of €15.2 million (prior-year quarter: 15.1 million) and achieved an export ratio of 68.1%. EBITDA amounted to € 3.6 million with EBIT of €2.6 million. Profit after taxes for the short fiscal year amounted to €1.8 million resulting in earnings per share of € 0.40. Growth of 30% to 35% and an EBIT margin of 23% is expected in the current fiscal year 2011/12.

The change of the fiscal year was necessary since the now very extensive audit and the preparation of the financial reports coincided with the vacation period in July and August. Since the beginning of the financial year was changed from July 1 to October 1, a one-time Short Fiscal Year of three months was formed this year, resulting in a second set of annual financial reports and a second Annual General Meeting in 2011. In the Short Fiscal Year just ended, the entire production was relocated as planned successfully to the Company's site in Langmeil-Winnweiler. As expected, revenue and earnings were affected by the relocation of production facilities.